{"title":"Green investments and development of renewable energy projects: Evidence from 15 RCEP member countries","authors":"Yonglong Wang, Aidi Xu","doi":"10.1016/j.renene.2023.05.034","DOIUrl":null,"url":null,"abstract":"<div><p>This paper investigates the potential of 15 RCEP (The Regional Comprehensive Economic Partnership) member countries to advance green investments from 2000 to 2021. Based on the results from the Panel Pooled Mean Group (PMG) technique, the investment potential has positive short- and long-term coefficients. The EKC (Environmental Kuznets Curve) hypothesis exists, indicating that gross domestic product per capita in the short term is the factor that inhibits the growth of renewable energy consumption. The financial development index has a non-significant coefficient in the short term. However, it has a positive coefficient in the long term. The climate policy uncertainty negatively impacts renewable energy deployment in the short- and long-term. The conclusions provide some policy implications, such as the support of green SMEs, the establishment of a digital green financing market, and the creation of green multilateralism through the establishment of a green investment network.</p></div>","PeriodicalId":419,"journal":{"name":"Renewable Energy","volume":"211 ","pages":"Pages 1045-1050"},"PeriodicalIF":9.1000,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Renewable Energy","FirstCategoryId":"5","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0960148123006572","RegionNum":1,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENERGY & FUELS","Score":null,"Total":0}
引用次数: 5
Abstract
This paper investigates the potential of 15 RCEP (The Regional Comprehensive Economic Partnership) member countries to advance green investments from 2000 to 2021. Based on the results from the Panel Pooled Mean Group (PMG) technique, the investment potential has positive short- and long-term coefficients. The EKC (Environmental Kuznets Curve) hypothesis exists, indicating that gross domestic product per capita in the short term is the factor that inhibits the growth of renewable energy consumption. The financial development index has a non-significant coefficient in the short term. However, it has a positive coefficient in the long term. The climate policy uncertainty negatively impacts renewable energy deployment in the short- and long-term. The conclusions provide some policy implications, such as the support of green SMEs, the establishment of a digital green financing market, and the creation of green multilateralism through the establishment of a green investment network.
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.
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