Abstract

This paper evaluates the association between education, fossil fuel resources, and green development in China from 1980 to 2021. The findings from the ARDL (Autoregressive Distributed Lag) technique confirmed that the education index has a positive effect on sustainable development. Sustainable electricity generation in China positively affects sustainable development, while using fossil fuels in the industry has an adverse effect on China's sustainable development. The inflow of foreign direct investment harms the sustainable development index, whereas the effectiveness of the green financing market in promoting sustainable development goals exists only in the long term. The Chinese policymakers should pay attention to the digital green financing market, green cryptocurrencies, green FDI regulations, and further cooperation with the United Nations in the education for sustainable development (ESD).

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