Does Renewable Energy Consumption Successfully Promote the Green Transformation of China’s Industry?
The trade-off between economic growth and ecological improvement has always become an important and difficult issue for many countries, especially for developing countries. Due to a long-term extensive economic growth pattern, the regional resource allocation deviates from the optimal, especially th...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-01-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/13/1/229 |
| _version_ | 1798002595940270080 |
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| author | Dongri Han Tuochen Li Shaosong Feng Ziyi Shi |
| author_facet | Dongri Han Tuochen Li Shaosong Feng Ziyi Shi |
| author_sort | Dongri Han |
| collection | DOAJ |
| description | The trade-off between economic growth and ecological improvement has always become an important and difficult issue for many countries, especially for developing countries. Due to a long-term extensive economic growth pattern, the regional resource allocation deviates from the optimal, especially the existence of energy misallocation, which hinders the maximization of economic output. Therefore, considering the characteristics and heterogeneity of resource endowments in different regions and increasing renewable energy consumption, that is, promoting energy transition, is it capable of sustainable development under China’s actual conditions? The exploration of the issue is a core step in the research of the impact of renewable energy on industrial green transformation. Based on the panel data of 30 regions in China from 2009 to 2016, this paper constructs a threshold model from the perspective of regional energy misallocation and empirically tests the nonlinear mechanism of renewable energy consumption to promote industrial green transformation. The results show that China’s energy allocation efficiency is low, there is a certain misallocation phenomenon, and the improvement effect in recent years is not satisfactory. Further, the relationship between renewable energy consumption and industrial green transformation is not a simple linear relationship, but a double threshold effect due to regional energy misallocation. In areas with severe energy misallocation, renewable energy consumption does not have a significant boost to industrial green transformation. Finally, this paper proposes the policy enlightenment of promoting industrial green transformation from the aspects of performance evaluation, market reform, and factor flow. |
| first_indexed | 2024-04-11T11:55:50Z |
| format | Article |
| id | doaj.art-ef85943072c846c494999dbf053ddaf5 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-04-11T11:55:50Z |
| publishDate | 2020-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-ef85943072c846c494999dbf053ddaf52022-12-22T04:25:11ZengMDPI AGEnergies1996-10732020-01-0113122910.3390/en13010229en13010229Does Renewable Energy Consumption Successfully Promote the Green Transformation of China’s Industry?Dongri Han0Tuochen Li1Shaosong Feng2Ziyi Shi3School of Economics and Management, Harbin Engineering University, Harbin 150001, ChinaSchool of Economics and Management, Harbin Engineering University, Harbin 150001, ChinaSchool of Economics and Management, Harbin Engineering University, Harbin 150001, ChinaSchool of Economics and Management, Harbin Engineering University, Harbin 150001, ChinaThe trade-off between economic growth and ecological improvement has always become an important and difficult issue for many countries, especially for developing countries. Due to a long-term extensive economic growth pattern, the regional resource allocation deviates from the optimal, especially the existence of energy misallocation, which hinders the maximization of economic output. Therefore, considering the characteristics and heterogeneity of resource endowments in different regions and increasing renewable energy consumption, that is, promoting energy transition, is it capable of sustainable development under China’s actual conditions? The exploration of the issue is a core step in the research of the impact of renewable energy on industrial green transformation. Based on the panel data of 30 regions in China from 2009 to 2016, this paper constructs a threshold model from the perspective of regional energy misallocation and empirically tests the nonlinear mechanism of renewable energy consumption to promote industrial green transformation. The results show that China’s energy allocation efficiency is low, there is a certain misallocation phenomenon, and the improvement effect in recent years is not satisfactory. Further, the relationship between renewable energy consumption and industrial green transformation is not a simple linear relationship, but a double threshold effect due to regional energy misallocation. In areas with severe energy misallocation, renewable energy consumption does not have a significant boost to industrial green transformation. Finally, this paper proposes the policy enlightenment of promoting industrial green transformation from the aspects of performance evaluation, market reform, and factor flow.https://www.mdpi.com/1996-1073/13/1/229renewable energy consumptionindustrial green transformationenergy misallocationchina |
| spellingShingle | Dongri Han Tuochen Li Shaosong Feng Ziyi Shi Does Renewable Energy Consumption Successfully Promote the Green Transformation of China’s Industry? Energies renewable energy consumption industrial green transformation energy misallocation china |
| title | Does Renewable Energy Consumption Successfully Promote the Green Transformation of China’s Industry? |
| title_full | Does Renewable Energy Consumption Successfully Promote the Green Transformation of China’s Industry? |
| title_fullStr | Does Renewable Energy Consumption Successfully Promote the Green Transformation of China’s Industry? |
| title_full_unstemmed | Does Renewable Energy Consumption Successfully Promote the Green Transformation of China’s Industry? |
| title_short | Does Renewable Energy Consumption Successfully Promote the Green Transformation of China’s Industry? |
| title_sort | does renewable energy consumption successfully promote the green transformation of china s industry |
| topic | renewable energy consumption industrial green transformation energy misallocation china |
| url | https://www.mdpi.com/1996-1073/13/1/229 |
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