{"title":"Renewable Energy Technology Innovation Effect on the Economics Growth","authors":"","doi":"10.1007/s10553-024-01644-7","DOIUrl":null,"url":null,"abstract":"<p>With rapid economic expansion, China is faced with environmental challenges like air pollution and greenhouse gas emissions. Shifting from conventional fossil fuels to renewable energy (REN) sources is critical to facilitate sustainable development in China. Compared to coal and oil, REN such as solar and wind energy emit less carbon emissions. Fostering innovation of REN technologies is thus essential for China's green transition. This study aims to analyze the impact of REN technology innovation on China's economic growth using panel data models. The results demonstrate that advancing REN technologies significantly promotes GDP increase in China. Targeted policy incentives must be implemented to accelerate REN technology progression and adoption across the country. Transitioning towards REN systems will be instrumental for China to achieve environmental sustainability while maintaining economic growth.</p>","PeriodicalId":9908,"journal":{"name":"Chemistry and Technology of Fuels and Oils","volume":"36 1","pages":""},"PeriodicalIF":0.6000,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Chemistry and Technology of Fuels and Oils","FirstCategoryId":"5","ListUrlMain":"https://doi.org/10.1007/s10553-024-01644-7","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ENERGY & FUELS","Score":null,"Total":0}
引用次数: 0
Abstract
With rapid economic expansion, China is faced with environmental challenges like air pollution and greenhouse gas emissions. Shifting from conventional fossil fuels to renewable energy (REN) sources is critical to facilitate sustainable development in China. Compared to coal and oil, REN such as solar and wind energy emit less carbon emissions. Fostering innovation of REN technologies is thus essential for China's green transition. This study aims to analyze the impact of REN technology innovation on China's economic growth using panel data models. The results demonstrate that advancing REN technologies significantly promotes GDP increase in China. Targeted policy incentives must be implemented to accelerate REN technology progression and adoption across the country. Transitioning towards REN systems will be instrumental for China to achieve environmental sustainability while maintaining economic growth.
随着经济的快速发展，中国面临着空气污染和温室气体排放等环境挑战。从传统的化石燃料转向可再生能源（REN）对于促进中国的可持续发展至关重要。与煤炭和石油相比，太阳能和风能等可再生能源的碳排放量较少。因此，促进可再生能源技术的创新对中国的绿色转型至关重要。本研究旨在利用面板数据模型分析可再生能源技术创新对中国经济增长的影响。结果表明，可再生能源技术的发展极大地促进了中国 GDP 的增长。必须实施有针对性的政策激励措施，以加快可再生能源技术在全国范围内的发展和应用。向可再生能源系统过渡将有助于中国在保持经济增长的同时实现环境的可持续发展。
期刊介绍：
Chemistry and Technology of Fuels and Oils publishes reports on improvements in the processing of petroleum and natural gas and cracking and refining techniques for the production of high-quality fuels, oils, greases, specialty fluids, additives and synthetics. The journal includes timely articles on the demulsification, desalting, and desulfurizing of crude oil; new flow plans for refineries; platforming, isomerization, catalytic reforming, and alkylation processes for obtaining aromatic hydrocarbons and high-octane gasoline; methods of producing ethylene, acetylene, benzene, acids, alcohols, esters, and other compounds from petroleum, as well as hydrogen from natural gas and liquid products.
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