Search

Improving energy efficiency is vital for addressing climate change and reducing carbon emissions in emerging economies. Financial development (FD) is crucial for economic growth, and its environmental impact and the adjustment of the industrial structure (IND) is a crucial lever in China's economic transition period. This study explored the relationship between FD, IND, and China's green total factor productivity (GTFEE) from 2000 to 2020 using the super-efficiency SBM-undesirable model, which estimates China's GTFEE. The ARDL results suggest that FD and IND enhance GTFEE in the long term, with FD promoting GTFEE by facilitating industrial structure adjustments. The Dumitrescu–Hurlin panel causality tests supported this finding. The QRPD panel quantile regression and heterogeneity analysis revealed significant heterogeneity in the effects. With increasing GTFEE, FD exerts a restraining effect, gradually weakening and transitioning into a promoting effect, while the IND consistently plays a promoting role. [ABSTRACT FROM AUTHOR]

This document discusses the challenges and opportunities within the energy industry's industry chain, supply chain, and value chain. It emphasizes the importance of digital transformation, renewable energy sources, and sustainable practices in achieving a low-carbon future. The document includes research papers that cover topics such as carbon emissions, resource management, game theory, market integration, technological innovation, and environmental governance. Overall, the document provides valuable insights and recommendations for policymakers, industry stakeholders, and researchers interested in advancing the global energy transition. [Extracted from the article]