Journal Article

Evaluating energy financing considerations and sustainable energy innovation with the role of financial development and energy development

Barykin, Sergey Evgenievich, Mottaeva, Angela Bahauovna, De La Poza Plaza, Elena, Gubenko, Alexander Viktorovich, Sergeev, Sergey Mikhailovich, Baydukova, Natalya Vladimirovna

2023

Overview

The purpose of the study is to test the role of energy development in energy financing considerations for sustainable energy innovation and financial development. To achieve the study objective, a fuzzy decision-making modeling technique is applied. The results revealed that bank loans are now the main source of financing for innovation and creativity in Chinese business entities. Project-based financing might be replaced with collaborative and sustainable energy innovation (CSI), warranting energy development. Moreover, green financing loan schemes invest both public and private funds in sustainable energy innovation to capitalize on financial development through sustainable energy innovation. The consideration and application of financial consideration for sustainable energy innovation-financing projects or companies are limitless. Providing for screening energy development cooperation proposals with small financial payback hurdle rates might have large opportunity costs. There may be a case for governments to increase industrial growth, improve resource efficiency, and increase factor productivity while tackling climate change. Economic growth in China may have an even greater influence on environmental sustainability than in other countries. On such points, there is a need to pay the attention. If the suggested policy suggestions are implemented successfully, they would help to enhance the scope of financing considerations for sustainable energy innovation to uplift financial development through energy development mechanisms at the corporate level.

• Publisher: Springer Berlin Heidelberg,Springer Nature B.V
• Subject: Aquatic Pollution / Atmospheric Protection/Air Quality Control/Air Pollution / Business models / China / Clean energy / Climate change / Collaboration / Competition / Cooperation / Costs and Cost Analysis / Creativity / Decision making / Earth and Environmental Science / Economic Development / Economic growth / Ecotoxicology / Energy / Energy development / Environment / Environmental Chemistry / Environmental Health / Environmental social & governance / environmental sustainability / Financing / Innovations / issues and policy / Laboratories / Literature reviews / loans / R&D / Renewable energy / renewable energy sources / Research & development / Research Article / Resource efficiency / Securities markets / Sustainability / Sustainable development / Sustainable energy / Waste Water Technology / Water Management / Water Pollution Control