A New Approach to Energy Transition in Morocco for Low Carbon and Sustainable Industry (Case of Textile Sector)

How does green digital finance drive the low-carbon energy transition in China?

In the modern world, green digital financing is believed to be an efficient, resilient, and viable source of funding for crisis conditions and to solve the preceding issues in a timely manner. It is a modern tool of financing mainly introduced by the World Bank and the International Monetary Fund. Following the paths, most economies started considering it to solve their national economic issues. Thus, to fulfill the requirements of the modern world, current research aims to study the driving role of green digital financing on low-carbon energy transition in China. Using the generalized method of moments (GMM) model based on data collected from 2015 to 2020, this research made an effort to determine the empirical nexus between the green digital financing index and the low-carbon energy transition index and to recommend the possible policy implications to the policymakers and other practitioners. Results have shown that a 0.27% rise in green digital financing is observed in the Chinese economy from scratch, and it resulted from a 0.365% efficiency in the low-carbon energy transition in China. Accordingly, the study resulted that the role of green digital finance is clustering in the Chinese renewable energy industry, which impacts both the performance of the Chinese renewable energy industry and the economy. For more resilience, extended efficiency and viable energy transition study suggested the practical implications for the stakeholders to consider for practice. The novelty of the study is its motivation, findings, and solutions.

Linking energy crises and solar energy in China: a roadmap towards environmental sustainability

Fossil fuels are the primary energy sources of China, which are not only expensive but have adverse environmental impacts. To cope with this situation, the Chinese government wants to fulfil 25% of its energy consumption by non-fossil fuels by 2030. In this perspective, we selected the solar sources of the country and collected solar irradiation data for one year in the six big cities of China in 2022. For the analysis of data and assessing the effectiveness of photovoltaic (PV), RETScreen and MATLAB were utilized. A further step was taken by performing the life cycle assessment (LCA) to scrutinize the different features of solar energy, including fuel consumption, price, average lifetime, maintenance and operation expenses, land requirements, and greenhouse gas emissions. Results reveal that all these cities have enormous solar power potential. However, the highest solar power (0.27 kW) is generated in Nanchang city, while the lowest power (0.21 kW) is generated in Sanya city. Solar energy is durable and has a good average lifespan but can be costly, as PV panels lose efficiency due to dust and pollution. The regular cleaning of PV panels, in turn, demands substantial cost. Based on research results, significant policy suggestions have been recommended to fulfil the country's energy demand on its way to a future of sustainable development.