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As a result of the COVID-19 epidemic, a worldwide economic slump has reduced the depletion of natural resources, lowering their costs. The loss of renewable energy profitability might hinder the attainment of specified goals of sustainable development goals. By using Chinese provinces data from 1995 to 2020, this research examined the relationships between renewable energy investment (REI), green finance (GFI), growth of the economy (GDP), renewable energy production (REP), and private sector participation (PSP) in China. According to this analysis, REI, REP, and GFI are more variable throughout the given period than GDP. And PSP. A bidirectional substantial causal correlation between REI and REP was identified using the Generalized method of moments (GMM). Still, the regression coefficient between GDP and REI and REI. and GFI has a one-way causal relationship. There was no evidence that the PSP directly impacted the REI. Based on the empirical findings of this research, we propose that policies be designed to reduce volatility in REI GFI, and REP and increase support to improve sustainable economic development and environmental and renewable energy production. Examine between green financing and environmental conservation for long-term environmental quality. • There is a dire need to measure the examined the relationships between renewable energy investment (REI), green finance (GFi). • Bidirectional substantial causal correlation between REI and REP was identified using the Generalized method of moments (GMM). • There was no evidence that the PSP had a direct impact on the REI. • This paper improve sustainable economic development as well as environmental and renewable energy production. [ABSTRACT FROM AUTHOR]