Top

Economic Change and Restructuring

Published in:

01-04-2024

Advancing sustainable development: the impact of energy transition on accelerating technological progress

Authors: Jingzhi Cao, Haiquan Wu, Yuyou Zou

Published in: Economic Change and Restructuring | Issue 2/2024

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

In the context of China between 2015 and 2020, this study examines the significant influence of energy transition on technological advancement in an era characterized by environmental challenges and the pressing need for sustainable solutions. To comprehend how transitions to sustainable and renewable energy sources impact technological progress, the study utilizes a Generalized Method of Moments (GMM) model to examine the dynamic interplay between these two essential components of sustainable development. Our findings indicate there is a strong correlation between energy transition programs and the rate of technological innovation, indicating that energy reforms serve as a spur for technological progress. Second, the findings point to a feedback loop in which advances in technology serve to improve the efficacy and efficiency of sustainable energy sources. Thirdly, regional analysis conducted within China shows differences in how various provinces react to and profit from this interaction. This study suggests specific policy measures that support both the energy transition and the development of an atmosphere favorable to technological advancement.

previous article Energy transition and the role of circular supply chains: toward resource efficiency and sustainable economic practices

next article The intersection of China’s rural economy, renewable energy, and carbon neutrality

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Adebayo TS, Kirikkaleli D, Adeshola I, Oluwajana D, Akinsola GD, Osemeahon OS (2021) Coal consumption and environmental sustainability in South Africa: the role of financial development and globalization. Int J Ren Energy Dev 10(3):527–536. https://doi.org/10.14710/ijred.2021.34982CrossRef

Alola AA, Adebayo TS, Onifade ST (2022) Examining the dynamics of ecological footprint in China with spectral Granger causality and quantile-on-quantile approaches. Int J Sust Dev World 29(3):263–276. https://doi.org/10.1080/13504509.2021.1990158CrossRef

Bester V (2022) A corporate social responsibility conceptual framework to address artisanal gold mining in South Africa. Resour Policy. https://doi.org/10.1016/j.resourpol.2022.103030CrossRef

Cui X, Umair M, Gayratovich GI, Dilanchiev A (2023) Do remittances mitigate poverty? An empirical evidence from 15 selected Asian economieS. Singap Econ Rev (SER) 68(04):1447–1468. https://doi.org/10.1142/S0217590823440034CrossRef

Gyaneshwar A, Selvaraj SK, Ghimire T, Mishra SJ, Gupta S, Chadha U, Manoharan M, Paramasivam V (2022) A survey of applications of MFC and recent progress of artificial intelligence and machine learning techniques and applications, with competing fuel cells. Eng Res Expr 4(2):0–19. https://doi.org/10.1088/2631-8695/ac5fd9CrossRef

Hajiaghaei-Keshteli M, Cenk Z, Erdebilli B, Selim Özdemir Y, Gholian-Jouybari F (2023) Pythagorean fuzzy topsis method for green supplier selection in the food industry. Expert Syst Appl. https://doi.org/10.1016/j.eswa.2023.120036CrossRef

Halkos G, Managi S (2023) New developments in the disciplines of environmental and resource economics. Econ Anal Policy 77:513–522. https://doi.org/10.1016/j.eap.2022.12.008CrossRef

Handbook of Green Finance (2019) Handbook of green finance. https://doi.org/10.1007/978-981-13-0227-5

Jin J, Han L (2018) Assessment of Chinese green funds: performance and industry allocation. J Clean Prod 171:1084–1093. https://doi.org/10.1016/J.JCLEPRO.2017.09.211CrossRef

Knobloch F, Pollitt H, Chewpreecha U, Lewney R, Huijbregts MAJ, Mercure JF (2021) FTT: Heat: a simulation model for technological change in the European residential heating sector. Energy Policy. https://doi.org/10.1016/j.enpol.2021.112249CrossRef

Leal PH, Marques AC (2021) The environmental impacts of globalization and corruption: evidence from a set of African countries. Environ Sci Policy 115:116–124. https://doi.org/10.1016/j.envsci.2020.10.013CrossRef

Li C, Umair M (2023) Does green finance development goals affects renewable energy in China. Ren Energy 203:898–905. https://doi.org/10.1016/j.renene.2022.12.066CrossRef

Liu F, Umair M, Gao J (2023) Assessing oil price volatility co-movement with stock market volatility through quantile regression approach. Resour Policy. https://doi.org/10.1016/j.resourpol.2023.103375CrossRef

Michalik A, Besenfelder C, Henke M (2019) Servitization of small- And medium-sized manufacturing enterprises: Facing barriers through the Dortmund management model. IFAC-PapersOnLine 52(13):2326–2331. https://doi.org/10.1016/j.ifacol.2019.11.553CrossRef

Mohsin M, Hanif I, Taghizadeh-Hesary F, Abbas Q, Iqbal W (2021) Nexus between energy efficiency and electricity reforms: a DEA-based way forward for clean power development. Energy Policy. https://doi.org/10.1016/j.enpol.2020.112052CrossRef

Mohsin M, Ali SA, Shamim SK, Ahmad A (2022) A GIS-based novel approach for suitable sanitary landfill site selection using integrated fuzzy analytic hierarchy process and machine learning algorithms. Environ Sci Pollut Res 29(21):31511–31540. https://doi.org/10.1007/S11356-021-17961-XCrossRef

Mohsin M, Dilanchiev A, Umair M (2023) The impact of green climate fund portfolio structure on green finance: empirical evidence from EU countries. Ekonomika 102(2):130–144. https://doi.org/10.15388/Ekon.2023.102.2.7CrossRef

Muganyi T, Yan L, Sun H, ping. (2021) Green finance, fintech and environmental protection: evidence from China. Environ Sci Ecotechnol. https://doi.org/10.1016/j.ese.2021.100107CrossRef

Nguyen XP, Le ND, Pham VV, Huynh TT, Dong VH, Hoang AT (2021) Mission, challenges, and prospects of renewable energy development in Vietnam. Energy Sour Part A: Recover Util Environ Eff. https://doi.org/10.1080/15567036.2021.1965264CrossRef

Ofori EK, Onifade ST, Ali EB, Alola AA, Zhang J (2023) Achieving carbon neutrality in post COP26 in BRICS, MINT, and G7 economies: the role of financial development and governance indicators. J Clean Prod. https://doi.org/10.1016/j.jclepro.2023.135853CrossRef

Pofoura AK, Sun H, Mensah IA, Liu F (2021) How does eco-innovation affect CO₂ emissions? Evidence from Sub-Saharan Africa. J Environ Assess Policy Manag 23(03n04):2250017. https://doi.org/10.1142/S146433322250017XCrossRef

Tian S, Wang S, Bai X, Luo G, Li Q, Yang Y, Hu Z, Li C, Deng Y (2021) Global patterns and changes of carbon emissions from land use during 1992–2015. Environ Sci Ecotechnol 7:100108CrossRef

Umair M, Dilanchiev A (2022) Economic recovery by developing business starategies: mediating role of financing and organizational culture in small and medium businesses. Proceedings Book 683

Wang A (2021) Opportunities and challenges after biosecurity legislation: What we can and should do in environmental science and ecotechnology? Environ Sci Ecotechnol 6:100095CrossRef

Xiao H, Duan Z, Zhou Y, Zhang N, Shan Y, Lin X, Liu G (2019) CO₂ emission patterns in shrinking and growing cities: a case study of Northeast China and the Yangtze River Delta. Appl Energy. https://doi.org/10.1016/J.APENERGY.2019.113384CrossRef

Yu M, Umair M, Oskenbayev Y, Karabayeva Z (2023) Exploring the nexus between monetary uncertainty and volatility in global crude oil: a contemporary approach of regime-switching. Resour Policy 85:103886. https://doi.org/10.1016/j.resourpol.2023.103886CrossRef

Yuan H, Zhao L, Umair M (2023) Crude oil security in a turbulent world: China’s geopolitical dilemmas and opportunities. Extr Ind Soc 16:101334. https://doi.org/10.1016/j.exis.2023.101334CrossRef

Zhang W, Chiu YB (2020) Do country risks influence carbon dioxide emissions? A non-linear perspective. Energy 1:206. https://doi.org/10.1016/J.ENERGY.2020.118048CrossRef

Title: Advancing sustainable development: the impact of energy transition on accelerating technological progress
Authors: Jingzhi Cao
Haiquan Wu
Yuyou Zou
Publication date: 01-04-2024
Publisher: Springer US
Published in: Economic Change and Restructuring / Issue 2/2024
Print ISSN: 1573-9414
Electronic ISSN: 1574-0277
DOI: https://doi.org/10.1007/s10644-024-09664-3

Springer Professional

Abstract

Please log in to get access to your license.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Other articles of this Issue 2/2024

The impact of domestic R&D and North–South R&D spillovers on energy intensity in developing countries

Public debt dynamics and fiscal sustainability in selected North African countries: new evidence from recurrent explosive behavior tests and quantile unit root analysis

Spatial differences and dynamic evolution of economic resilience: from the perspective of China’s eight comprehensive economic zones

Does trade policy uncertainty in China and USA matter for key financial markets?

Assessing the effect of green finance, energy consumption structure and environmental sustainable development: a moderated mediation model

The impact of the digital economy on green innovation: the moderating role of fiscal decentralization

Premium Partner