Abstract
This study explores the complex relationship between economic transformation/restructuring and the energy transition within the Chinese context between 2010 and 2020, with the primary motivation being to address China's urgent energy transition challenge. The entropy weight method used in this study yields statistically significant insights, such as China's notable shift toward cleaner energy sources and its dramatic decrease in coal consumption. This study also highlights how economic reforms play a role in the energy transition and in relation to these environmental objectives. This study also highlights the importance of investing in the renewable energy sector and technological innovation. They also show the regional disparities in these movements. These results also suggest a clear set of policy implications, the need to coordinate economic transformations toward sustainable energy with policies aimed at fostering innovation.
Similar content being viewed by others
References
Albert MJ (2022) The global politics of the renewable energy transition and the non-substitutability hypothesis: towards a ‘great transformation’? Rev Int Political Econ 29(5):1766–1781. https://doi.org/10.1080/09692290.2021.1980418
Bayulgen O (2020) Localizing the energy transition: Town-level political and socio-economic drivers of clean energy in the United States. Energy Res Soc Sci. https://doi.org/10.1016/j.erss.2019.101376
Cheng S, Wang B (2023) Impact of the Belt and Road Initiative on China’s overseas renewable energy development finance: Effects and features. Renewable Energy 206:1036–1048. https://doi.org/10.1016/J.RENENE.2023.02.101
Chien F, Pantamee AA, Hussain MS, Chupradit S, Nawaz MA, Mohsin M (2021) Nexus between financial innovation and bankruptcy: Evidence from information, communication and technology (ict) sector. Singap Econ Rev. https://doi.org/10.1142/S0217590821500181
Chiu Y. Bin, Lee CC (2020) Effects of financial development on energy consumption: The role of country risks. Energy Econ. https://doi.org/10.1016/J.ENECO.2020.104833
Cui X, Umair M, Ibragimove Gayratovich G, Dilanchiev A (2023) Do remittances mitigate poverty? An empirical evidence from 15 selected Asian economies. Singapore Econ Rev 68(04):1447–1468. https://doi.org/10.1142/S0217590823440034
Geels FW (2018) Disruption and low-carbon system transformation: Progress and new challenges in socio-technical transitions research and the Multi-Level Perspective. Energy Res Soc Sci 37:224–231
Habiba U, **nbang C (2023) The contribution of different aspects of financial development to renewable energy consumption in E7 countries: The transition to a sustainable future. Renewable Energy 203:703–714. https://doi.org/10.1016/j.renene.2022.12.088
Komendantova N, Riegler M, Neumueller S (2018) Of transitions and models: Community engagement, democracy, and empowerment in the Austrian energy transition. Energy Res Soc Sci 39:141–151
Krupnik S et al (2022) Beyond technology: A research agenda for social sciences and humanities research on renewable energy in Europe. Energy Res Soc Sci. https://doi.org/10.1016/j.erss.2022.102536
Li C, Umair M (2023) Does green finance development goals affects renewable energy in China. Renewable Energy 203:898–905. https://doi.org/10.1016/j.renene.2022.12.066
Liu F, Umair M, Gao J (2023) Assessing oil price volatility co-movement with stock market volatility through quantile regression approach. Resources Policy. https://doi.org/10.1016/j.resourpol.2023.103375
Madaleno M, Dogan E, Taskin D (2022) A step forward on sustainability: The nexus of environmental responsibility, green technology, clean energy and green finance. Energy Econ. https://doi.org/10.1016/j.eneco.2022.105945
Mohsin M, Abbas Q, Iqbal N, Iram R (2019) Assessing microfinance institutions efficiency by Radial and non-radial DEA approach. Pak J Soc Sci 39(3):803–816
Mohsin M, Dilanchiev A, Umair M (2023) The impact of green climate fund portfolio structure on green finance: Empirical evidence from EU Countries. Ekonomika 102(2):130–144. https://doi.org/10.15388/Ekon.2023.102.2.7
Mohsin M (n.d.) Role of stock price fragility on financial development and economic efficiency: Evidences from systematic literature review. J Business Econ. J Environ Assessment Policy Manag.
Przychodzen W, Przychodzen J (2020) Determinants of renewable energy production in transition economies: A panel data approach. Energy. https://doi.org/10.1016/j.energy.2019.116583
Quitzow R, Bersalli G, Eicke L, Jahn J, Lilliestam J, Lira F, Marian A, Süsser D, Thapar S, Weko S (2021) The COVID-19 crisis deepens the gulf between leaders and laggards in the global energy transition. Energy Res Soc Sci 74:101981
Rehman FU, Islam MM, Miao Q (2023) Environmental sustainability via green transportation: A case of the top 10 energy transition nations. Transp Policy 137:32–44. https://doi.org/10.1016/j.tranpol.2023.04.013
Shirwani R, Gulzar S, Asim M, Umair M, Al-Rashid MA (2020) Control of vehicular emission using innovative energy solutions comprising of hydrogen for transportation sector in Pakistan: A case study of Lahore City. Int J Hydrogen Energy 45(32):16287–16297. https://doi.org/10.1016/j.ijhydene.2019.02.173
Umair M, Dilanchiev A (2022) Economic recovery by develo** business starategies: Mediating role of financing and organizational culture in small and medium businesses. Proceedings Book, 683.
Wu Q, Yan D, Umair M (2023) Assessing the role of competitive intelligence and practices of dynamic capabilities in business accommodation of SMEs. Econ Anal Policy 77:1103–1114. https://doi.org/10.1016/j.eap.2022.11.024
Yasmin N, Grundmann P (2020) Home-cooked energy transitions: Women empowerment and biogas-based cooking technology in Pakistan. Energy Policy 137:111074
Yu M, Umair M, Oskenbayev Y, Karabayeva Z (2023) Exploring the nexus between monetary uncertainty and volatility in global crude oil: A contemporary approach of regime-switching. Resources Policy 85:103886. https://doi.org/10.1016/j.resourpol.2023.103886
Zhang Y, Umair M (2023) Examining the interconnectedness of green finance: an analysis of dynamic spillover effects among green bonds, renewable energy, and carbon markets. Environ Sci Pollut Res. https://doi.org/10.1007/s11356-023-27870-w
Zhang Y, Alharthi M, Ahtsham Ali S, Abbas Q, Taghizadeh-Hesary F (2022) The eco-innovative technologies, human capital, and energy pricing: Evidence of sustainable energy transition in developed economies. Applied Energy. https://doi.org/10.1016/j.apenergy.2022.119729
Author information
Authors and Affiliations
Corresponding author
Additional information
Publisher's Note
Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.
Rights and permissions
Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.
About this article
Cite this article
Zhang, X. Long-term goal: the role of economic transformation and reorganization in the energy transition. Econ Change Restruct 57, 75 (2024). https://doi.org/10.1007/s10644-024-09648-3
Received:
Accepted:
Published:
DOI: https://doi.org/10.1007/s10644-024-09648-3