Evaluating financial implications of renewable energy for climate action and sustainable development goals

The global issue is the urgent need to shift to renewable energy sources to mitigate climate change and sustainable development. China, as the world's largest greenhouse gas emitter, is under increasing pressure to transition to renewable energy sources to meet global climate targets, including its commitment to peak carbon emissions by 2030 and achieve carbon neutrality by 2060. This shift is necessary to achieve Sustainable Development Goals (SDGs), particularly SDG 7 (Affordable and clean energy) and SDG 13 (Climate action). Adopting renewable energy presents a number of significant challenges. Therefore, assessing the financial impact of renewable energy adoption is essential for driving climate action and…