How does science and technology finance affect the renewable energy development? Evidence from China

IF 9 1区工程技术 Q1 ENERGY & FUELS

Renewable Energy Pub Date : 2025-02-03 DOI:10.1016/j.renene.2025.122605

Zhitao Zhang , Arshad Ahmad Khan , Zonglin Wang

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Abstract

Science and technology finance integrates the efficiency-enhancing function of digital technology and the macro-regulatory function of finance, which plays a crucial role in promoting renewable energy development. This paper utilizes panel data from 2004 to 2020, covering 3l provinces in China as the research sample. We empirically analyze the impact effect of science and technology finance on renewable energy development. The results show that it is 0.0778 that the average impact effect for science and technology finance to improve the development of renewable energy. As the science and technology finance and renewable energy development improves, there is a tendency for the positive marginal effect to increase, specifically when the level of renewable energy development is 70 % the promotion effect reaches a maximum value of 0.1181. Science and technology finance can indirectly promote the development of renewable energy by improving the level of green technology innovation. In the process of science and technology finance affecting renewable energy development, there is an average negative moderating effect of 0.3686 on environmental regulation. In addition, this paper considers the regional heterogeneity and the promotion effect of science and technology finance renewable energy development in different energy transition stages.

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来源期刊

Renewable Energy 工程技术-能源与燃料

CiteScore

18.40

自引率

9.20%

发文量

1955

审稿时长

6.6 months

期刊介绍： Renewable Energy journal is dedicated to advancing knowledge and disseminating insights on various topics and technologies within renewable energy systems and components. Our mission is to support researchers, engineers, economists, manufacturers, NGOs, associations, and societies in staying updated on new developments in their respective fields and applying alternative energy solutions to current practices. As an international, multidisciplinary journal in renewable energy engineering and research, we strive to be a premier peer-reviewed platform and a trusted source of original research and reviews in the field of renewable energy. Join us in our endeavor to drive innovation and progress in sustainable energy solutions.