Search

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]

Corporate environmental information disclosure systems are important for controlling pollution caused by corporate activities. However, different motives associated with environmental information disclosure have different influences on the financing of companies. This paper adopts renewable energy companies instead of high pollution industries as a research object. The study analyzes the resource-dependent disclosure motivation of renewable energy companies, and the impact of environmental information disclosure on the scale and cost of direct and indirect financing. The results show the following. First, renewable energy companies in China have a resource-dependent motivation to disclose environmental information, with a gap between the level of environmental information disclosure and their actual environmental performance. Second, renewable energy companies may obtain more direct financing amount and lower indirect financing costs, but cannot obtain lower direct financing costs and more indirect financing amount by improving the level of environmental information disclosure with the resource-dependent motivation. Third, there are differences in the specific incentives for environmental information disclosure among the Eastern, Middle, and Western regions of China. The government needs to standardize the detailed rules and standards of the corporate environmental information disclosure system, and improve the environmental protection awareness and the implementation of green credit in the Western region. [ABSTRACT FROM AUTHOR]