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Impact of Innovation in Solar Photovoltaic Energy Generation, Distribution, or Transmission-Related Technologies on Carbon Dioxide Emissions in China

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Abstract

This study contributes significantly to existing literature by examining the link between innovation in photovoltaic energy generation, distribution, and transmission technologies and CO2 emissions, with international collaboration in green technology development, gross domestic product per capita, financial development, and renewable energy consumption in China from 1990Q1 to 2018Q4. First, the findings indicated that the international collaboration in green technology development enabled China to jointly develop a new green technology that not only improves the efficiency of energy technologies but also contributes to CO2 emission mitigation. Second, the findings suggested that the innovation in photovoltaic energy generation, distribution, and transmission technologies has a significant impact on enhancing environmental quality. Third, an increase in renewable energy consumption was negatively associated with CO2 emissions, while an upsurge in gross domestic product per capita was positively associated with CO2 emissions. Lastly, the results inferred that an increase in financial development led to a reduction in CO2 emissions. This paper suggests that the government should change its policies to encourage private investors to put their money into innovation in photovoltaic energy generation, distribution, and transmission technologies to promote eco-friendly energy production, consumption, and ecological sustainability for future generations.

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  1. School of Business Administration, Jimei University, Xiamen, 3610021, China

    Chengde You & Shoukat Iqbal Khattak

  2. School of Economics, Abdul wali Khan University, Mardan, Pakistan

    Manzoor Ahmad

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  1. Chengde You
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You, C., Khattak, S.I. & Ahmad, M. Impact of Innovation in Solar Photovoltaic Energy Generation, Distribution, or Transmission-Related Technologies on Carbon Dioxide Emissions in China. J Knowl Econ (2023). https://doi.org/10.1007/s13132-023-01284-y

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