Mitigating the economic impact of COVID-19 on wind energy: assessing the role of green finance policies and the levelized cost of energy.

Abstract

This study examines the impact of the COVID-19 pandemic on wind and green energy, with a focus on controlling the rising cost of wind energy using the levelized cost of energy (LCOE) method. The objectives include exploring green financial policies to mitigate the pandemic's effects and analyzing the cost of wind energy in China before and after the outbreak. The findings reveal a decrease in wind energy costs and increased consumption during the COVID-19 crisis, attributed to the role of green financing. The study emphasizes the importance of wind energy growth for achieving CO2 reduction goals and highlights the need for green finance options to mitigate the economic impact of the pandemic on wind energy production. The research also suggests implications for stakeholders, such as promoting green financing and wind energy resource development. Furthermore, the study emphasizes the significance of collaboration, policy reforms, geographical spillover effects, and environmental regulations in establishing a sustainable green financial system and enhancing green innovation. Future research directions include exploring data-driven approaches, addressing endogeneity concerns, and validating findings through enhanced indices and data collection.