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Developing energy from renewable sources and modernizing the energy system are critical components of China's efforts to combat climate change. Policymakers and authorities have made significant attempts to bring them. However, one of the major impediments to China's energy revolution is financial limitations, which are inextricably linked to the country's economic growth. The present research paper intends to investigate the relationship between economic growth and sustainable financial development on the use of energy from renewable sources in both the short and long run in the context of China. To achieve this, the researchers have utilized the panel data consisting of 10 years from 2011 to 2020. When compared to cross-sectional and time-series data samples, the panel data model offers many benefits. For starters, the panel data includes information on the passage of time and the cross-sectional area. Another benefit of using panel-data models with a larger degree of freedom is that they provide more stable and reliable estimates across short periods across cross-sections. In the case of the short run, there is a positive relationship between economic and financial development and the use of energy from renewable sources in the context of all of China. While in the case of long-term effects, the results indicate the adverse impact of financial development on the use of energy from renewable sources in the western regions of China. These results were deduced using the causality test Granger proposed to determine the path of the causal relationship and the direction of the relationship between the variables. These results indicated that the relationship between economic and financial development in east China was unidirectional, and the nature of the underlying relationship was causal. Meanwhile, in east and west China, economic development in China as a whole has been unidirectionally increasing energy from renewable sources. Our empirical findings suggest many strategies for promoting the growth of energy from renewable sources. [ABSTRACT FROM AUTHOR]

China has experienced rapid social and economic development in the past 40 years. However, excessive consumption of fossil fuel energy has caused an energy shortage and led to severe environmental pollution. To achieve sustainable development, China is striving to transform its growth mode. Adopting renewable energy (RE) including solar photovoltaic (PV) power is an effective measure. How to promote the further development of solar PV power under the scenario of China's aspirational target of carbon peak by 2030 and 20% RE ratio in the energy mix remains a theme that need to be addressed. This paper analyzes the potential opportunities and challenges confronting solar PV power in China. The analysis covers the dimensions of political, economic, social, and technological (PEST). The results revealed a significant prospect for the further deployment of solar PV power in the coming decades. The aggressive estimated installed capacity of solar PV power is expected to reach 80+ GW annually. To successfully achieve the goal of 80+ GW, barriers that hinder the further development of solar PV power have to be eliminated. Suggestions for policymakers include maintaining enforceability and continuity of policies, favorable financial supports, mandatory RE quotas for all parties, and supporting fundamental R&D. Suggestions for the solar PV industry include full utilization of integrated applications, set up an after-sales service network, collaborative innovation among the industry chain, and engaging in storage and hydrogen technology. The findings are greatly beneficial for policymakers and the solar PV industry. [ABSTRACT FROM AUTHOR]

Accurately measuring carbon dioxide (CO2) emissions is critical for effectively implementing carbon reduction policies, and China's increased investment in reducing CO2 emissions is expected to significantly impact the world. In this study, the potential of shallow learning for predicting CO2 emissions was explored. Data included CO2 emissions, renewable energy consumption, and the share of primary, secondary, and tertiary industries in China from 1965 to 2021. These time-series data were converted into labeled sample data using the sliding window method to facilitate a supervised learning model for CO2 emission prediction. Then, different shallow learning models with k-fold cross-validation were used to predict China's short-term CO2 emissions. Finally, optimal models were presented, and the important features were identified. The key findings were as follows. (1) The combined model of RF and LASSO performed best at predicting China's short-term CO2 emissions, followed by LASSO and SVR. The prediction performance of RF was very fragile to the window width. (2) The sliding window method is used to convert time series predictions into supervision learning problems, and historical data can be used to predict future carbon dioxide emissions. To ensure that the feature data are real, the model can predict CO2 emissions for up to six years ahead. (3) Cross-validation and grid search were critical for optimizing China's CO2 emissions prediction with small datasets. (4) By 2027, carbon dioxide emissions will continue to grow and reach 10.3 billion tons. It can be seen that the task of China to achieve its carbon peak on schedule is very heavy. The results indicate that an increase in renewable energy consumption and adjustments in industrial structure will continue to play an important role in curbing China's CO2 emissions. [ABSTRACT FROM AUTHOR]