Pathways to China's carbon neutrality and clean energy transition: Evidence from the three decades long stricter environmental regulations

IF 3.3 2区 社会学 Q2 ENVIRONMENTAL SCIENCES Sustainable Futures Pub Date : 2024-09-17 DOI:10.1016/j.sftr.2024.100296
Khalid Ahmed , Bareerah Khan , Muhammad Shahbaz
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Abstract

This study highlights the ongoing debate surrounding China's slow low-carbon transition despite a rapid shift towards clean energy. However, this debate is crucial for finding pathways to China's pledge to carbon neutrality. Using Auto-Regression Distributed Lag model over the time series data spanning 1990–2020, study attempts to add to the literature by exploring the nexus betwixt environmental regulations, renewable energy transition, and carbon dioxide emissions along with incumbent macroeconomic factors i.e., economic growth and trade. The findings conclude that stringent environmental regulations spur renewable energy transition and combat carbon dioxide emissions. However, energy intensive growth suggests China's priority for development targets ˗ leading to continued increase in fossil fuels despite the remarkable increase in renewable energy resources in country's total energy mix. Moreover, trade remains the crucial component of economic growth but found helping for renewable energy transition in the short-run. The two-way causality between these factors validate the regression results. Whereas the inelastic and insignificant relationship between stringent environmental regulations, renewables, and carbon dioxide emissions in the long run – highlights prospective challenges in terms of efficiency, management, and subsidy-related issues. Thus, the study suggest that trade liberalization helps the country to achieve its carbon abatement goals. However, further market based policy reforms toward stricter environmental regulations are needed for innovation driven efficiency in the energy sector.
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中国碳中和与清洁能源转型之路:长达三十年之久的严格环境法规的证据
本研究强调,尽管中国正在快速向清洁能源转型,但围绕中国低碳转型缓慢的争论仍在持续。然而,这场争论对于找到中国实现碳中和的途径至关重要。本研究利用 1990-2020 年时间序列数据的自回归分布滞后模型,探讨了环境法规、可再生能源转型、二氧化碳排放与现有宏观经济因素(即经济增长和贸易)之间的关系,试图为相关文献增添新的内容。研究结果表明,严格的环境法规能促进可再生能源的转型并减少二氧化碳的排放。然而,能源密集型增长表明中国的优先发展目标˗,导致化石燃料的持续增长,尽管可再生能源资源在中国的总能源结构中显著增加。此外,贸易仍然是经济增长的重要组成部分,但在短期内有助于可再生能源的转型。这些因素之间的双向因果关系验证了回归结果。而从长期来看,严格的环境法规、可再生能源和二氧化碳排放之间的关系缺乏弹性且不显著,这凸显了在效率、管理和补贴相关问题方面的挑战。因此,研究表明,贸易自由化有助于该国实现碳减排目标。然而,为了提高能源部门的创新驱动效率,还需要进一步进行基于市场的政策改革,制定更严格的环境法规。
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来源期刊
Sustainable Futures
Sustainable Futures Social Sciences-Sociology and Political Science
CiteScore
9.30
自引率
1.80%
发文量
34
审稿时长
71 days
期刊介绍: Sustainable Futures: is a journal focused on the intersection of sustainability, environment and technology from various disciplines in social sciences, and their larger implications for corporation, government, education institutions, regions and society both at present and in the future. It provides an advanced platform for studies related to sustainability and sustainable development in society, economics, environment, and culture. The scope of the journal is broad and encourages interdisciplinary research, as well as welcoming theoretical and practical research from all methodological approaches.
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