Skip to main content

Advertisement

SpringerLink
Log in

Green finance, energy transition, and natural resources of real estate sector: driving eco-sustainability and sustainable economic growth

  • Published:
Economic Change and Restructuring Aims and scope Submit manuscript

Abstract

The paper examines the relationship between natural resource growth, green economy growth, and energy intensity levels in achieving environmentally friendly economic growth in Asian countries. It analyzes the connections among the number of natural resources, institutional capacity, trade liberalization, and foreign direct investment in China from 2010 to 2022. The study concludes that economies flourish when countries utilize organic and synthetic energy sources, and natural resources can stimulate or impede economic development. A radical adjustment in real estate policies is required to address the growing urgency of reversing environmental degradation and combating climate change. Integration of renewable energy sources, optimization of natural resource usage, and the use of novel financial instruments and investment techniques emerge as pressing needs. The research focuses on whether eco-friendly company practices are associated with long-term economic success in Asian countries. It evaluates the impact of energy intensity on GDP growth and emphasizes the importance of a green economy in promoting sustainable economic growth. The study suggests governments should prioritize improving energy efficiency, promoting renewable energy sources, and supporting environmentally friendly industries for long-term prosperity. The paper highlights the need for Asian authorities to balance rapid economic progress with minimizing negative environmental and natural resource impacts.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

Data availability

The data that support the findings of this study are openly available on request.

References

  • Balsalobre-Lorente D, Shahbaz M, Roubaud D, Farhani S (2018) How economic growth, renewable electricity and natural resources contribute to CO2 emissions? Energy Policy 113:356–367. https://doi.org/10.1016/j.enpol.2017.10.050

    Article  Google Scholar 

  • Bangso FD, Djati SP, Himawan Brahmantyo MH (2023) Crisis management as a form of tourism policy transformation: review of tourism resilience research. J Posit Sch Psychol 7:396–423

    Google Scholar 

  • Barnett HJ, Morse C (2013) Scarcity and growth: the economics of natural resource availability. Routledge

    Book  Google Scholar 

  • Bolwig S, Bolkesjø TF, Klitkou A, Lund PD, Bergaentzlé C, Borch K, Olsen OJ, Kirkerud JG, Chen Y, Gunkel PA (2020) Climate-friendly but socially rejected energy-transition pathways: the integration of techno-economic and socio-technical approaches in the Nordic-Baltic region. Energy Res Soc Sci 67:101559

    Article  Google Scholar 

  • Braungardt S, van den Bergh J, Dunlop T (2019) Fossil fuel divestment and climate change: reviewing contested arguments. Energy Res Soc Sci 50:191–200. https://doi.org/10.1016/J.ERSS.2018.12.004

    Article  Google Scholar 

  • Bugaje A-AB, Dioha MO, Abraham-Dukuma MC, Wakil M (2022) Rethinking the position of natural gas in a low-carbon energy transition. Energy Res Soc Sci 90:102604

    Article  Google Scholar 

  • Crespi G, Katz J, Olivari J (2020) Innovation, natural resource-based activities and growth in emerging economies: the formation and role of knowledge-intensive service firms. Learning and innovation in natural resource based industries. Routledge, pp 77–99

    Chapter  Google Scholar 

  • Croce MM, Nguyen TT, Raymond S, Schmid L (2019) Government debt and the returns to innovation. J Financ Econ 132(3):205–225. https://doi.org/10.1016/j.jfineco.2018.11.010

    Article  Google Scholar 

  • Dabamona SA, Cater C, Cave J, Low T (2021) Cultural identity through an educational school trip: voices of native Papuan students. Tour Manag Perspect 38:100807

    Google Scholar 

  • Du K, Worthington AC, Zelenyuk V (2018) Data envelopment analysis, truncated regression and double-bootstrap for panel data with application to Chinese banking. Eur J Oper Res 265(2):748–764

    Article  Google Scholar 

  • Emir F, Karlilar S (2023) Application of RALS cointegration test assessing the role of natural resources and hydropower energy on ecological footprint in emerging economy. Energy Environ 34(4):764–779

    Article  Google Scholar 

  • Ezici B, Eğilmez G, Gedik R (2020) Assessing the eco-efficiency of U.S. manufacturing industries with a focus on renewable vs. non-renewable energy use: an integrated time series MRIO and DEA approach. J Clean Prod. https://doi.org/10.1016/J.JCLEPRO.2019.119630

    Article  Google Scholar 

  • Gómez-Carmona O, Buján-Carballal D, Casado-Mansilla D, López-de-Ipiña D, Cano-Benito J, Cimmino A, Poveda-Villalón M, García-Castro R, Almela-Miralles J, Apostolidis D (2023) Mind the gap: the AURORAL ecosystem for the digital transformation of smart communities and rural areas. Technol Soc 74:102304

    Article  Google Scholar 

  • Gyamfi BA, Adebayo TS, Bekun FV, Agboola MO (2023) Sterling insights into natural resources intensification, ageing population and globalization on environmental status in Mediterranean countries. Energy Environ 34(5):1471–1491

    Article  Google Scholar 

  • Hafner M, Tagliapietra S (2020) The geopolitics of the global energy transition. Springer Nature

    Book  Google Scholar 

  • Hart SL (1995) A natural-resource-based view of the firm. Acad Manag Rev 20(4):986–1014

    Article  Google Scholar 

  • Huang Y, Anderson M, McIlveen-Wright D, Lyons GA, McRoberts WC, Wang YD, Roskilly AP, Hewitt NJ (2015) Biochar and renewable energy generation from poultry litter waste: a technical and economic analysis based on computational simulations. Appl Energy 160:656–663. https://doi.org/10.1016/J.APENERGY.2015.01.029

    Article  Google Scholar 

  • Jiang X, Shen JH, Lee CC, Chen C (2021) Supply-side structural reform and dynamic capital structure adjustment: evidence from Chinese-listed firms. Pac Basin Financ J. https://doi.org/10.1016/J.PACFIN.2020.101482

    Article  Google Scholar 

  • Johnson OW, Gerber V, Muhoza C (2019) Gender, culture and energy transitions in rural Africa. Energy Res Soc Sci 49:169–179

    Article  Google Scholar 

  • Kern F, Rogge KS (2016) The pace of governed energy transitions: agency, international dynamics and the global Paris agreement accelerating decarbonisation processes? Energy Res Soc Sci 22:13–17

    Article  Google Scholar 

  • King LC, Van Den Bergh JCJM (2018) Implications of net energy-return-on-investment for a low-carbon energy transition. Nat Energy 3(4):334–340

    Article  Google Scholar 

  • Le HP, Ozturk I (2020) The impacts of globalization, financial development, government expenditures, and institutional quality on CO2 emissions in the presence of environmental Kuznets curve. Environ Sci Pollut Res 27(18):22680–22697. https://doi.org/10.1007/S11356-020-08812-2

    Article  Google Scholar 

  • Li Z, Shao S, Shi X, Sun Y, Zhang X (2019) Structural transformation of manufacturing, natural resource dependence, and carbon emissions reduction: evidence of a threshold effect from China. J Clean Prod 206:920–927

    Article  Google Scholar 

  • Llambi L, Llambi LD (2001) A transdisciplinary framework for the analysis of tropical agroecosystem transformations. Environment society and natural resource management theoretical perspectives from Australasia and the Americas. Edward Elgar Publishing, pp 53–69

    Chapter  Google Scholar 

  • Maes J, Jacobs S (2017) Nature-based solutions for Europe’s sustainable development. Conserv Lett 10(1):121–124

    Article  Google Scholar 

  • Mohsin M, Nurunnabi M, Zhang J, Sun H, Iqbal N, Iram R, Abbas Q (2021) The evaluation of efficiency and value addition of IFRS endorsement towards earnings timeliness disclosure. Int J Financ Econ 26(2):1793–1807. https://doi.org/10.1002/ijfe.1878

    Article  Google Scholar 

  • Nazlioglu S, Gormus NA, Soytas U (2016) Oil prices and real estate investment trusts (REITs): gradual-shift causality and volatility transmission analysis. Energy Econ 60:168–175. https://doi.org/10.1016/j.eneco.2016.09.009

    Article  Google Scholar 

  • Panel UNEPIR (2011) Decoupling natural resource use and environmental impacts from economic growth. UNEP/Earthprint

    Google Scholar 

  • Rees J (2017) Natural resources: allocation, economics and policy. Routledge

    Book  Google Scholar 

  • Rodriguez-Gonzalez PT, Rico-Martinez R, Rico-Ramirez V (2018) An integrated stochastic economic-ecological-social model with stratified-population. Ecol Model 368:15–26. https://doi.org/10.1016/J.ECOLMODEL.2017.11.012

    Article  Google Scholar 

  • Scherr SJ (2000) A downward spiral? Research evidence on the relationship between poverty and natural resource degradation. Food Policy 25(4):479–498

    Article  Google Scholar 

  • Shinwari R, Yangjie W, Payab AH, Kubiczek J, Dördüncü H (2022) What drives investment in renewable energy resources? Evaluating the role of natural resources volatility and economic performance for China. Resour Policy. https://doi.org/10.1016/j.resourpol.2022.102712

    Article  Google Scholar 

  • Sovacool BK, Griffiths S (2020) Culture and low-carbon energy transitions. Nat Sustain 3(9):685–693

    Article  Google Scholar 

  • Sterner T, Coria J (2013) Policy instruments for environmental and natural resource management. Routledge

    Book  Google Scholar 

  • Stratton AE, Wittman H, Blesh J (2021) Diversification supports farm income and improved working conditions during agroecological transitions in southern Brazil. Agron Sustain Dev 41(3):35

    Article  Google Scholar 

  • Sun W, Dong K, Zhao T (2017) Market demand dynamic induced mechanism in China’s steel industry. Resour Policy 51:13–21. https://doi.org/10.1016/j.resourpol.2016.10.011

    Article  Google Scholar 

  • Vanegas Cantarero MM (2020) Of renewable energy, energy democracy, and sustainable development: a roadmap to accelerate the energy transition in developing countries. Energy Res Soc Sci. https://doi.org/10.1016/j.erss.2020.101716

    Article  Google Scholar 

Download references

Funding

This work was sponsored by 2023 Social Development Project in Hebei Province (20230202022), Research on Standardized Management of Private Schools Based on Financial Governance (WTZX202309), General programs of the National Social Science Foundation of China (20BGJ029) and Major projects of the National Social Science Foundation of China (22&ZD178).

Author information

Authors and Affiliations

  1. Hebei University of Chinese Medicine, Shijiazhuang, 050000, Hebei, China

    Bingru Liu

  2. Hebei Jiaotong Vocational and Technical College, Shijiazhuang, 050011, Hebei, China

    Xingtong Pan

Authors
  1. Bingru Liu
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Xingtong Pan
    View author publications

    You can also search for this author in PubMed Google Scholar

Contributions

BL performed writing—original draft; XP performed data curation, analysis, visualization, and editing.

Corresponding author

Correspondence to Xingtong Pan.

Ethics declarations

Conflict of interest

The authors declare no conflict of interest.

Consent for publication

We do not have any person's data.

Ethical approval

The authors declared that they have no known competing financial interests or personal relationships, which affect the work reported in this article. We declare that we have no human participants, human data, or human issues.

Additional information

Publisher's Note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Liu, B., Pan, X. Green finance, energy transition, and natural resources of real estate sector: driving eco-sustainability and sustainable economic growth. Econ Change Restruct 57, 65 (2024). https://doi.org/10.1007/s10644-024-09602-3

Download citation

  • Received:

  • Accepted:

  • Published:

  • DOI: https://doi.org/10.1007/s10644-024-09602-3

Keywords

Search

Navigation