The Role of Mineral Resource Usage, Energy Tariffs, Fintech, Green Bonds, Carbon Policy in Adopting Net-Zero Supply Chain in Energy System

Rengaowa Wu; Talla M.  Aldeehani; Abdurrahman Adamu Pantamee; Kim Mee Chong; Jamshid Pardaev

doi:10.5755/j01.ee.37.2.43055

Authors

Rengaowa Wu School of Economics and Management, University of Science and Technology Beijing; Hetao University, China
Talla M. Aldeehani College of Business Administration, Kuwait University, Kuwait
Abdurrahman Adamu Pantamee Department of Accounting, College of Economics, Management and Information Systems, University of Nizwa, Sultanate of Oman
Kim Mee Chong School of Accounting and Finance, Faculty of Business and Law, Taylor’s University, Malaysia
Jamshid Pardaev Finance and Tourism Department, Termez University of Economics and Service, Uzbekistan

DOI:

https://doi.org/10.5755/j01.ee.37.2.43055

Keywords:

Environment, Carbon Policy, Green Bonds, Energy Tariffs, Fintech and Natural Resource Rents

Abstract

With response towards the global responsibility in addressing the climate change, China has implemented a wider range of policy measures that aimed at limiting the emissions of growth and promotion of renewable energy consumption. These measures include the regulation of energy parameters, with increased funding for research and development, the digitalisation of financial services, and expansion of environmental taxation and energy efficiency policies. In this context, current study determines the impact of carbon policy, natural resource rents, financial technology (fintech), energy tariffs and green bonds on renewable energy consumption in China for the period of 2000-2023. With the use of Dynamic Auto-regressive Distributed Lag (Dynamic ARDL) approach, the outcomes indicate that carbon policy, green bonds, and energy tariffs exerts a significant and positive effect on renewable consumption of energy in long-run, where as fintech development and natural resource rents do not show statistically significant impact on renewable energy consumption, however carbon-policy, energy tariffs, natural resource rents and green bonds do not show significant effects. These outcomes offer significant policy implications for China, suggesting that strengthening green bond markets, enhancement of carbon policy frameworks, optimisation of energy tariff structures, and supporting fintech development could play a crucial role in promoting the renewable energy consumption.

Author Biographies

Rengaowa Wu, School of Economics and Management, University of Science and Technology Beijing; Hetao University, China

Rengaowa Wu, Ph.D., is an Associate Professor at Hetao University. She obtained her doctoral degree at the School of Economics and Management, University of Science and Technology Beijing. Her research interests focus on carbon emission efficiency and green development. ORCID iD https://orcid.org/0009-0008-8521-0985.
Talla M. Aldeehani, College of Business Administration, Kuwait University, Kuwait

Talla M. Aldeehani is a Professor at the College of Business Administration, Kuwait University, Kuwait, affiliated with the Department of Finance and Financial Institutions. He has served in academic leadership roles, including Acting Assistant Dean for Academic Affairs. His research focuses on finance, banking systems, financial markets, corporate finance, and Islamic banking, with particular interest in market volatility, dividend policy, and financial crises. ORCID: 0000-0002-6025-7196
Abdurrahman Adamu Pantamee, Department of Accounting, College of Economics, Management and Information Systems, University of Nizwa, Sultanate of Oman

Abdurrahman Adamu Pantamee is an Assistant Professor in the Department of Accounting at the College of Economics, Management and Information Systems, University of Nizwa, Oman. He holds a Ph.D. in Accounting from Universiti Utara Malaysia. His research interests include taxation, corporate governance, financial reporting quality, auditing, and sustainability (ESG). ORCID: 0000-0002-3093-7107
Kim Mee Chong, School of Accounting and Finance, Faculty of Business and Law, Taylor’s University, Malaysia

Kim Mee Chong is a Senior Lecturer at the School of Accounting and Finance, Faculty of Business and Law, Taylor’s University, Subang Jaya, Malaysia. She holds a Ph.D. in Business Management (Finance) from Universiti Malaysia Sarawak. Her research expertise includes financial planning, sustainable finance, financial literacy, and smart city development. ORCID: 0000-0002-4373-021X
Jamshid Pardaev, Finance and Tourism Department, Termez University of Economics and Service, Uzbekistan

Jamshid Pardaev, Ph.D. in Economics, is an Associate Professor in the Department of Finance and Tourism at Termez University of Economics and Service, Uzbekistan. His research focuses on finance, tourism economics, investment analysis, and sustainable development in emerging markets. ORCID: 0009-0004-8319-6906