Achieving clean energy via economic stability to qualify sustainable development goals in China

Abstract

The aim of the study is to determine the clean energy future based on economic stability in the lines of Strategic Development Goals (SDGs). The Sustainable Growth Goals are an international strategy for guiding countries toward sustainable growth. When developing nations like China achieve one Sustainable Development Goal (SDG), it frequently forces them to make concessions in other areas, threatening sustainability as a whole. The reputable study looked at data from 2000 to 2020. The unit root examination and the generalized technique of moments are employed for inference. Since both energy consumption and energy costs are expected to rise under the growth circumstances, the research concludes that further investment in the energy industry is warranted. There is a trade-off among financial development and ecological sustainability when more money is put into other investments and energy use. The presents multiple policy implications for the associated stakeholders.