Politická ekonomie X:X | DOI: 10.18267/j.polek.1483

Effects of Green Quality of Energy Mix and Financial Development on Load Capacity Factor in China: A Novel Rolling Window Kernel-Based Regularized Least Square Approach

Tomiwa Sunday Adebayo ORCID..., Oktay Özkan, Babatunde Sunday Eweade
Tomiwa Sunday Adebayo , Near East University, Operational Research Center in Healthcare, TRNC Mersin 10, Turkey; University of Economics and Human Sciences, Warsaw, Poland; Research Center of Development Economics, Azerbaijan; State University of Economics (UNEC), Baku, Azerbaijan; Tashkent State University of Economics, Department of Econometrics, Tashkent, Uzbekistan
Oktay Özkan, Tokat Gaziosmanpasa University, Faculty of Economics and Administrative Sciences, Department of Business Administration, Tokat, Turkey
Babatunde Sunday Eweade (corresponding author), Eastern Mediterranean University, Faculty of Business and Economics, Department of Economics, Via Mersin 10, Famagusta, North Cyprus, Turkey

Amidst ongoing global worries over climate change and its ecological ramifications amidst rapid economic growth, the United Nations has set forth a comprehensive agenda known as the Sustainable Development Goals (SDGs), aiming to achieve them by 2030. These goals are tailored to foster sustainable socio-economic progress while enhancing the global environment’s quality. Therefore, this study explores the connections between load capacity factor, green quality of energy mix, financial development, economic growth, and natural resources in alignment with SDGs 7, 11, 13, and 12, focusing on China from 1981 to 2021. The study introduced the rolling window kernel-based regularized least squares (RWKRLS) method to assess the interrelationship. The RWKRLS analysis exposed that a green quality of energy mix and financial development positively influence ecological quality. Furthermore, natural resource consumption and economic growth impact ecological quality negatively. Drawing on these critical time-varying interrelationships, a set of interactive policies aligned with the SDGs is proposed, specifically tailored to address China’s unique context.

Keywords: Green quality of energy mix, load capacity factor, financial development, natural resources, economic growth, rolling window KRLS

Vloženo: 22. duben 2024; Revidováno: 1. prosinec 2024; Přijato: 25. prosinec 2024; Zveřejněno online: 8. září 2025 

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