China's green energy growth: Economic policies, environmental economics, and strategies for resilience in the global economy

• DOI: 10.1016/j.esr.2024.101475
• Publication Date: 2024-07-17T09:56:21Z
• Authors: Pengfei Qin; Jinli Wang; Aiping Xu; Shahid Hussain
• Keywords: Ecological sustainability; Green reforms; Natural resource utilization; Mineral policies; 0211 other engineering and technologies; HD9502-9502.5; 02 engineering and technology; Energy industries. Energy policy. Fuel trade; Economic growth

China has become a major global power due to its rapid economic growth, which is being driven by resource-intensive industries but at a considerable environmental cost. This study investigates the intricate relationships that exist between China's mining regulations, resource utilization, and environmentally friendly policies, as well as the overall impacts of these relationships on economic growth. The research uses a rigorous regression analysis approach and data from the Ministry of National Resources and the China Statistical Yearbook from 1986 to 2022. Integrating a Vector Error Correction Model (VECM) enables an investigation of the relationships among debt levels, GDP, and natural financing. Wald test estimates also reveal exact Corporate Social Responsibility (CSR) relationships. The results indicate that while China's economy has significantly benefited from mineral-intensive sectors, green measures are urgently needed to slow environmental deterioration. The focus should be redirected toward encouraging sustainable and ongoing development. These results highlight the critical role that green projects play in fostering economic growth. How China strikes a careful balance between its goals for ecological sustainability and economic growth is crucial for both China and the rest of the world in an era characterized by worries about climate change and resource shortages. The objective of this study is to analyze the complex relationship among China's mining regulations, resource utilization, and environmental policies. It will evaluate the effects of these factors on economic growth, with a particular focus on the necessity of adopting sustainable development practices in the face of environmental challenges and economic expansion. The study's goal is to examine the intricate relationships between China's resource use, environmental policies, and mining restrictions. It focuses on the importance of sustainable development methods in the face of environmental issues and economic growth. This research highlights the essential relationship between environmental stewardship and sustainable economic development, and policymakers, businesses, and environmental activists can all benefit from it.