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Green Finance for Energy Transition, Energy Poverty Alleviation, and Energy Security
Energy poverty and security are persistent global challenges affecting developed and developing nations. This study examines the role of green finance in mitigating energy poverty and enhancing energy security within the framework of inclusive financial development. Using panel data from 30 Chinese provinces spanning 2004 to 2017, we employ a fully modified ordinary least squares (FMOLS) regression approach to analyze the impact of energy security and inclusive financial development on energy poverty. The results underscore the importance of integrating green finance into national strategies to promote sustainable energy access and economic growth. Policy recommendations include the development of a national green financial development strategy, the implementation of energy efficiency incentives, and the acceleration of renewable energy deployment. This study provides critical insights for policymakers and stakeholders aiming to advance sustainable energy solutions and enhance energy security through innovative financial mechanisms.
Keywords: green finance; inclusive financial development; energy poverty; energy security, sustainable energy access