Assessing the impact of green energy and finance on environmental performance in China and Japan

Assessing the impact of green energy and finance on environmental performance in China and Japan

China and Japan have enjoyed significant economic boosts due to technological progress. However, these are accompanied by serious environmental pollution, which has brought China and Japan’s commitments to climate treaties into question. Therefore, this study attempts to contribute to the literature...

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Bibliographic Details
Published in:Economic change and restructuring Vol. 56; no. 2; pp. 1185 - 1199
Main Authors: Zakari, Abdulrasheed, Oryani, Bahareh, Alvarado, Rafael, Mumini, Kadir
Format: Journal Article
Language:English
Published: New York Springer US 01-04-2023
Springer Nature B.V
Subjects:
Climate
Development Economics
Economic Growth
Economic Policy
Economics
Economics and Finance
Energy consumption
Energy industry
Environmental performance
Finance
Green energy
International Economics
Macroeconomics/Monetary Economics//Financial Economics
Political Economy/Economic Systems
Pollution
Pollution control
Subsidies
Sustainability
Sustainable development
Treaties
Green energy
Green finance
Environmental performance
China
Japan
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Summary:China and Japan have enjoyed significant economic boosts due to technological progress. However, these are accompanied by serious environmental pollution, which has brought China and Japan’s commitments to climate treaties into question. Therefore, this study attempts to contribute to the literature on green finance, energy, and the environmental sustainability nexus. We investigate the role of green finance and energy in the environmental performance of Asia (China and Japan) between 2010 and 2020. The empirical results show that green finance promotes environmental sustainability, suggesting that green finance reduces environmental pollution. Similarly, green energy positively affects environmental performance; this validates the theory that green energy technology is environmentally friendly. Therefore, we recommend promoting the green energy system through subsidies and grants.
ISSN:1573-9414
1574-0277
DOI:10.1007/s10644-022-09469-2