Dynamic association between energy transition technologies, renewable energy production, trade openness, green investment, carbon tax, and carbon neutrality: empirical evidences from China

Abstract

The existing millennium documents the most adverse consequen-cesofglobalwarmingwhichincontrasttopre-industrialeraaremore devastating. Thus, these prevailing consequences raisenumerous concerns regarding the well-being of future and currentgeneration. Scholars, in this regard, are putting efforts punctiliouslytowards methods that could halt the surging emissions. This paperalso attempts to contributes to existing literature by reporting theempirical evidences regarding the role of energy transition technol-ogies, renewable energy production (REP), trade openness, greeninvestment, and carbon taxes in carbon neutrality in Chinse econ-omy covering the time span of 1980–2020. By employing DynamicAuto-regressive Distributed Lags (DARDL) model to check the asso-ciation, findings exposed that electricity production from watersources, electricity production from solar sources, REP, trade open-ness, green investment, and carbon taxes are negatively correlatedwith CO2emissions. Study offers policymakers a help in formulat-ing policies related to achieve carbon neutrality using renewablesources of energy production, carbon taxes, and green investment.