• Energy Research
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Considering the significance of green governance in economic restructuring and the green technology revolution, this study examines the impact of China’s recent green governance policies and their implications in various regions; it also examines new models, methods, and development directions for China’s green governance in the future. Green governance efficiency and spatial patterns have been studied through 2008–2018 data using a three-stage generalized panel Data Envelopment Analysis (DEA) model, spatial autocorrelation model, spatial gravity model, and social network analysis. The study summarizes the status and role of each provincial region in green governance based on the social network of green governance efficiency under the network architecture. It concludes that (1) green governance efficiency in China’s provinces has a U-shaped trend, with non-managerial elements in the external environment masking genuine green governance efficiency. (2) During the study period, the overall efficiency of the industrial system improved. The efficiency of the manufacturing and wastewater stages has been substantially enhanced, but no significant gains were observed in the treatment stages of solid and gas waste. (3) Although China has made progress in enhancing the overall efficiency of its industrial system, there is still potential for improvement. (4) China has established a “three horizontal and two vertical grid-type” green governance spatial correlation structure among the sub-stages of the industrial system, and the radiation impact of major provincial areas would increase overall green governance efficiency.

Considering the significance of green governance in economic restructuring and the green technology revolution, this study examines the impact of China’s recent green governance policies and their implications in various regions; it also examines new models, methods, and development directions for China’s green governance in the future. Green governance efficiency and spatial patterns have been studied through 2008–2018 data using a three-stage generalized panel Data Envelopment Analysis (DEA) model, spatial autocorrelation model, spatial gravity model, and social network analysis. The study summarizes the status and role of each provincial region in green governance based on the social network of green governance efficiency under the network architecture. It concludes that (1) green governance efficiency in China’s provinces has a U-shaped trend, with non-managerial elements in the external environment masking genuine green governance efficiency. (2) During the study period, the overall efficiency of the industrial system improved. The efficiency of the manufacturing and wastewater stages has been substantially enhanced, but no significant gains were observed in the treatment stages of solid and gas waste. (3) Although China has made progress in enhancing the overall efficiency of its industrial system, there is still potential for improvement. (4) China has established a “three horizontal and two vertical grid-type” green governance spatial correlation structure among the sub-stages of the industrial system, and the radiation impact of major provincial areas would increase overall green governance efficiency.

The study aims to test the nexus of green financing with renewable electricity generation and energy efficiency. The study used data envelopment analysis (DEA) technique during the year of 2016 to 2020 in developed and developing countries. The findings show that there is a 24% possibility of worldwide rise in expenditures in renewable energy through energy efficiency projects and probably could fall around 17% much further in 2017 and 2018. This may jeopardize the Sustainable Development Goals (SDGs) and the Paris climate change agreement. Lack of access to private financing slows the development of green initiatives. Now that sustainable energy is not about science and technology, it is all about getting financing in developed and developing countries. As policy measure, the study suggested to value environmental initiatives, like other infrastructure initiatives, for greater electricity generation and energy efficiency in developed and developing countries. Such infrastructural projects need long-term financing and capital intensiveness. It is further suggested to sustain growth, development, and energy poverty reduction, and around $26 trillion would be required, in terms of green financing, in the developed and developing countries alone by the year 2030 to enhance energy efficiency. To achieve energy sustainability goals in developed and developing countries, recent research suggested some policy implication considering the post COVID-19 time. If such policy implications are implemented successfully, there are chances that green financing would make energy generation and energy efficiency effective.

The study aims to test the nexus of green financing with renewable electricity generation and energy efficiency. The study used data envelopment analysis (DEA) technique during the year of 2016 to 2020 in developed and developing countries. The findings show that there is a 24% possibility of worldwide rise in expenditures in renewable energy through energy efficiency projects and probably could fall around 17% much further in 2017 and 2018. This may jeopardize the Sustainable Development Goals (SDGs) and the Paris climate change agreement. Lack of access to private financing slows the development of green initiatives. Now that sustainable energy is not about science and technology, it is all about getting financing in developed and developing countries. As policy measure, the study suggested to value environmental initiatives, like other infrastructure initiatives, for greater electricity generation and energy efficiency in developed and developing countries. Such infrastructural projects need long-term financing and capital intensiveness. It is further suggested to sustain growth, development, and energy poverty reduction, and around $26 trillion would be required, in terms of green financing, in the developed and developing countries alone by the year 2030 to enhance energy efficiency. To achieve energy sustainability goals in developed and developing countries, recent research suggested some policy implication considering the post COVID-19 time. If such policy implications are implemented successfully, there are chances that green financing would make energy generation and energy efficiency effective.