Volume 25: Accelerated Energy Innovations and Emerging Technologies

Firm Investment in Renewable Energy: An Empirical Evidence from the People’s Republic of China Dina Azhgaliyeva, Hai Le

Abstract

This study investigates the effects of firm characteristics on firms’ decisions to invest in renewable energy. Using the unique dataset of annual firm-level data from around 300 firms from the People’s Republic of China that invested in renewable energy projects in the People Republic of China during the period 2015-2020 from Bloomberg Terminal, Bloomberg New Energy Finance, and S&P Capital IQ pro, our results demonstrate which firm characteristics affect firm decisions to invest in renewable energy.

Keywords renewable energy, People's Republic of China, leverage, firm age, green investment, green finance, GHG emission, air pollutant