https://doi.org/10.52131/jee.2022.0301.0024
38
iRASD Journal of Energy & Environment
Volume 3, Number 1, 2022, Pages 38 - 49
Journal Homepage:
https://journals.internationalrasd.org/index.php/jee
The Role of Sustainable Energy, Technology Adoption, and Green
Finance on the Environmental Sustainability in China
Waseem Yousaf
1
, Snober Fazal
2
1
Department of Business & Management Sciences, Minhaj University Lahore, Pakistan.
Email: m.waseem511@gmail.com
2
PhD Scholar, Department of Economics, The Islamia University of Bahawalpur, Pakistan.
Email: snoberfazal44@yahoo.com
ARTICLE INFO ABSTRACT
Article History:
Received: June 05, 2022
Revised: June 23, 2022
Accepted: June 28, 2022
Available Online: June 30, 2022
Environmental sustainability (ES) has gained global attention
due to uncertain environmental and economic conditions, and
this phenomenon needs researchers’ intention. Therefore, the
current article examines the impact of sustainable energy, such
as renewable energy (RE) output and RE consumption,
technology adoption, green finance (GF), and economic growth
(EG) on environmental sustainability in China. The article has
gathered the data from World Development Indicators (WDI)
and the central bank from 1990 to 2020. The study employed
autoregressive distributed lag (ARDL) to check the connection
among the constructs. The findings exposed that the RE output
and RE consumption, technology adoption, GF, and EG have
positive ES in China. These findings guide the regulators in
developing regulations related to improving ES using
sustainable energy, GF, and technology adoption.
Keywords:
Sustainable energy
Renewable energy output
Technology adoption
Green finance
Economic growth
Environmental sustainability
JEL Classification Codes:
O4, O44, Q42, Q55
Funding:
This research received no specific grant
from any funding agency in the public,
commercial, or not-for-profit sectors.
© 2022 The Authors, Published by iRASD. This is an Open Access
Article under the Creative Common Attribution Non-Commercial 4.0
Corresponding Author’s Email: m.waseem511@gmail.com
Citation: Yousaf, W., & Fazal, S. (2022). The Role of Sustainable Energy, Technology Adoption, and
Green Finance on the Environmental Sustainability in China. IRASD Journal of Energy & Environment,
3(1), 38–49. https://doi.org/10.52131/jee.2022.0301.0024
1. Introduction
The world's temperature is fluctuating at a rapid pace. High energy use, carbon
emissions, air pollution, and glacier melting are all contributing factors to this trend. As
climate change becomes a serious worry, the world is expressing serious concern about the
problem while keeping in mind its catastrophic consequences. Global or regional climate
change, an increase in the planet's average temperature, and the resulting changes in the
seas, land surfaces, and ice sheets are all referred to as "climate change." (S. Gao & Jiang,
2020; Sharif, Godil, et al., 2020). The world aims to reduce and maintain the global warming
to below 2 degrees Celsius. Governments, international organizations, and cities are now
involved in global climate governance, as well as private entities including businesses,
academic societies, and civil society groups (Lima et al., 2020; Mekhilef, 2018). To prevent
environmental issues and ensure that the planet is safe for coming generations, governments
are putting several programs in place to embrace sustainable energy production methods and
educate their populations about green products (Ahmad et al., 2019; Sharif, Mishra, et al.,
2020).