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

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.

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