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This paper constructs a unique dataset of clean energy and adopts static panel models and dynamic panel specifications to explore the correlation between clean energy and CO2 emissions. Furthermore, this paper employs the interaction term of pilot areas and pilot time as the proxy of emission trading policy to examine the effect of China's emission trading pilot on clean energy. Then, this paper conducts quasi-natural experiments on CO2 emissions. Our findings show a negative correlation between CO2 emissions and clean energy. We also find that China's emission trading pilot has a significant impact on promoting clean energy. In addition, empirical results affirm that emission trading market pilots can help decrease CO2 emissions. Finally, we put forwards relevant policy recommendations. [ABSTRACT FROM AUTHOR]

This study aims to determine the potential for improving regional cooperation and clean energy generation in the South China Sea (SCS) through Offshore Wind Energy (OWE). The literature review depicts the broad relationship between renewable energy and regional cooperation. The study identifies three variables-great game of geopolitics, geo-economics, and NEO politics- to arrive at a concept of wind-blindness. It refers to the attempt (of the countries involved) to downplay the existing wind resources and avert attention from them to safeguard the region's strategic military importance, existing trade routes, and rich availability of marine resources. Addressing these concerns could strengthen cooperation between the claimant states for technology, knowledge, and practice sharing, to ensure a sustainable South China Sea region. China's investments in OWE in the South China Sea have the potential to meet the Sustainable Development Goals" target of cleaner, accessible, and affordable energy. Finally, the paper suggests that renewable energy development in the region can reduce the maritime transport of fossil fuels, reducing the carbon footprint. [ABSTRACT FROM AUTHOR]

To figure out at what extent of China's investment in energy technology in recent years has helped economic growth and improved the environment. From the basic theory of environmental regulation's influence on energy consumption efficiency, this study uses the super-efficiency slack base model to measure the green energy efficiency of 30 provinces in China from 2010 to 2019, and uses the kernel density function to analyze evolution trajectory. Then, the spatial Dubin model is used to test the influence of some important economic variables. The results of value show that although China's green energy efficiency improved significantly from 2010 to 2019, the overall performance was lacking. However, the overall efficiency value was significantly improved during the study period. Moreover, the efficiency value was closely related to the performance of economic development. From the dynamic trajectory perspective, efficiency values of all years show the type of "two peaks".Altough the width between the two peaks did not change noticeably, but the efficiency still had a significantly improved. In addition, according to the results of spatial economic regression analysis, eco-environmental constraints, foreign direct investment, and industrial agglomeration were not conducive to the efficiency value, while industrial structure and manufacturing enterprise scale had positive effects. In addition, the influence effects had obvious spatial phenomena. Therefore, for the Chinese government, enterprises and society, the next step is not only to vigorously exploit energy-saving and emission reduction technologies to improve energy consumption efficiency but also to establish reasonable environmental regulation policies to push enterprises to produce in a cleaner way. Additionally, a reasonable regional development plan should be established to promote the rational distribution and flow of the energy industry across different places. This paper provides a novel perspective for the study of energy input and usage. [ABSTRACT FROM AUTHOR]

China's need for rapid economic growth and its hunger for natural resources significantly challenge its economic and policy vision of sustainability, social stability and economic development. The 'Beautiful China Initiative' plans to put China on the path of sustainable development in line with the United Nations' 2030 Agenda and its Sustainable Development GoaSls. The Chinese authorities are expected to reconsider traditional economic policy models to integrate environmental protection while ensuring that their economy proliferates. The shift from a traditional and heavy coal-dependent economy towards greener energy and a sustainable economic model brings additional challenges to China due to its historical dependence on coal as its energy engine. This research paper examines causality patterns between economic growth and fossil fuels energy consumption by analysing coal consumption and carbon dioxide emissions policies using Pesaran's autoregressive distributed lag model. The research findings offer insights into China's challenges to transition towards a more sustainable economic model, making the country's 'Beautiful China Initiative' quite complex as it needs to navigate through high levels of environment-friendly economic growth whilst trying to avoid the middle-income trap. [ABSTRACT FROM AUTHOR]

Carbon neutrality is an important policy in the current global response to climate change and has been widely recognized by various industries. In the process of promoting carbon neutrality, new energy plays a pivotal role. In this study, the definition and connotation of new energy and its role and specific operation in the energy transition of carbon neutrality are firstly explained. Promoting new energy development requires significant green and low-carbon investments. Taking China as an example, this paper analyzes the opportunities brought by the carbon neutral process to the field of green finance and analyzes the main features and development trends of green finance in China at present. Then this paper proposes policy recommendations to strengthen the development of green finance in China in terms of improving the green financial policy system, enhancing the supply capacity of green financial services, and optimizing the supporting environment for green financial development. Finally, this paper analyzes the measures and experiences of the United States in promoting low-carbon development and proposes countermeasures for China's low-carbon development on the basis of the five major relationships that need attention in China's carbon-neutral process. That is, strengthen the top-level design and improve the regulatory policy system; optimize the energy structure and increase the proportion of clean energy; optimize the industrial structure and reduce energy consumption in key industries; build a complete low-carbon technology system and promote low-carbon technology research and development and demonstration applications, and encourage local conditions to explore low-carbon development paths. The development of green finance can contribute to the advancement of new energy technologies, thus contributing to the achievement of carbon neutrality goals. [ABSTRACT FROM AUTHOR]

The ambitious targets of peaking CO2 emissions before 2030 and reaching carbon neutrality before 2060 (Goal 3060) have emerged as the driving force in the development of China's low-carbon energy policy. Adopting a systematic review approach, this article provides a timely analysis of key Chinese renewable energy and energy efficiency policies under Goal 3060 across five sectors: electricity, industry, transportation, buildings, and local governments. In addition, the review identifies challenges to be addressed and offers policy recommendations. There are five main conclusions: (1) expedite the development of market-based and network-based governance systems; (2) pursue the harmonization of policies by avoiding contradiction and fragmentation; (3) develop new policies, especially in the building and transportation sectors; (4) embrace surveillance technologies to improve implementation and compliance; and (5) ensure just transition by implementing policy to reduce the negative socioeconomic impacts on fossil fuels-based communities and workers. This review serves as a useful guide for scholars interested in China's clean and low-carbon energy transition. [ABSTRACT FROM AUTHOR]

China is known for its large industrial sector and diversified energy mix, which could contribute to environmental pollution, as fossil fuels remain China's main source of energy. With the recent drive by the Chinese government to achieve low carbon emissions and further reduce greenhouse gases, this study adds to the existing literature by combining the quantile-on-quantile (QQ) regression and non-parametric techniques to examine the role of economic complexity, nonrenewables energy and renewable energy consumption on the ecological footprint in China over the period 1985Q1–2019Q4. Overall, results show that renewable energy, non-renewable energy use, economic growth and economic complexity affects ecological footprint positively. In addition, the nonparametric causality outcomes revealed that renewable energy, non-renewable energy use, economic growth and economic complexity can significantly predict variations in ecological footprint at different quantiles. We are of the opinion that policymakers in this region should work on the pro-growth mentality of China, which is majorly fossil fuel-driven. This requires an immediate replacement with more eco-friendly sources and energy-saving technologies for economic activities. Otherwise, fulfilling the SDG 13 goals in China will be challenging. For a sustainable renewable energy investment, China should shift to ancillary and spot markets, where the low energy storage and low marginal cost of renewable energy could facilitate higher reduction in electricity cost and encourage higher trading of electricity. [ABSTRACT FROM AUTHOR]