Studying the green economic growth with clean energy and green finance: The role of financial policy

Recently, there has been an urgent need to fully implement renewable energy sources to realise green energy transitions and combat environmental pollution. This study uses a benchmark estimation model to analyse the links between green economic growth, green financing, and green energy from 2010 to 2020 and green energy advancement in China. Within the context of renewable energy, scholars have investigated various, unequal, and mediating influence connections. According to the extant literature, green economic expansion and green finance are significantly linked with renewable energy, but with diverse influences in various types of renewable technology and in various regions. The effect of green growth in the economy on green energy is non-linear, while green finance is coherent. Green technological advancement is efficiently facilitates green productivity expansion and green energy, and the investment impact is partially mediated. This study contributes significantly to the formulation of several practical initiatives to strengthen the green energy sector and facilitate sustainable growth. The results indicate that it is essential to maximise the potential of green economic activity to advance the green energy sector through the full utilisation of green accomplishments in their transformed forms.

Automated summary

There is a pressing need to implement renewable energy sources fully for green energy transitions and environmental pollution control. This study analyzes the relationship between green economic growth, green financing, and green energy advancement in China from 2010 to 2020 using a benchmark estimation model. Researchers have found unequal and mediating influence connections in the context of renewable energy. Green economic expansion and green finance are significantly related to renewable energy but have diverse impacts on different types of renewable technology and regions. Green technological advancement effectively promotes green productivity expansion and green energy, with partially mediated investment impacts. This study contributes to the development of practical initiatives for strengthening the green energy sector and facilitating sustainable growth.