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Keywords = China sustainability

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29 pages, 1413 KiB  
Article
The Impact of VAT Credit Refunds on Enterprises’ Sustainable Development Capability: A Socio-Technical Systems Theory Perspective
by Jinghuai She, Meng Sun and Haoyu Yan
Systems 2025, 13(8), 669; https://doi.org/10.3390/systems13080669 (registering DOI) - 7 Aug 2025
Abstract
We investigate whether China’s Value-Added Tax (VAT) Credit Refund policy influences firms’ sustainable development capability (SDC), which reflects innovation-driven growth and green development. Exploiting the 2018 implementation of the VAT Credit Refund policy as a quasi-natural experiment, we employ a difference-in-differences (DID) approach [...] Read more.
We investigate whether China’s Value-Added Tax (VAT) Credit Refund policy influences firms’ sustainable development capability (SDC), which reflects innovation-driven growth and green development. Exploiting the 2018 implementation of the VAT Credit Refund policy as a quasi-natural experiment, we employ a difference-in-differences (DID) approach and find causal evidence that the policy significantly enhances firms’ SDC. This suggests that fiscal instruments like VAT refunds are valued by firms as drivers of long-term sustainable and high-quality development. Our mediating analyses further reveal that the policy promotes firms’ SDC by strengthening artificial intelligence (AI) capabilities and facilitating intelligent transformation. This mechanism “AI Capability Building—Intelligent Transformation” aligns with the socio-technical systems theory (STST), highlighting the interactive evolution of technological and social subsystems in shaping firm capabilities. The heterogeneity analyses indicate that the positive effect of VAT Credit Refund policy on SDC is more pronounced among small-scale and non-high-tech firms, firms with lower perceived economic policy uncertainty, higher operational diversification, lower reputational capital, and those located in regions with a higher level of marketization. We also find that the policy has persistent long-term effects, with improved SDC associated with enhanced ESG performance and green innovation outcomes. Our findings have important implications for understanding the SDC through the lens of STST and offer policy insights for deepening VAT reform and promoting intelligent and green transformation in China’s enterprises. Full article
(This article belongs to the Section Systems Practice in Social Science)
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27 pages, 1578 KiB  
Article
Tapio-Z Decoupling of the Valuation of Energy Sources, CO2 Emissions, and GDP Growth in the United States and China Using a Fuzzy Logic Model
by Rabnawaz Khan and Weiqing Zhuang
Energies 2025, 18(15), 4188; https://doi.org/10.3390/en18154188 (registering DOI) - 7 Aug 2025
Abstract
Our contemporary society is powered by fossil fuels, which results in environmental catastrophes. The combustion of these materials results in the release of CO2, which accelerates the progression of climate change and its catastrophic consequences. The environmental repercussions of fossil fuel [...] Read more.
Our contemporary society is powered by fossil fuels, which results in environmental catastrophes. The combustion of these materials results in the release of CO2, which accelerates the progression of climate change and its catastrophic consequences. The environmental repercussions of fossil fuel extraction have been highlighted through research into alternative energy sources. This inquiry uses the Tapio-Z decoupling approach to assess energy inputs and emissions. Furthermore, the fuzzy logic model is used to inspect the economic growth of the USA and China, as well as the impact of environmental factors, energy sources, and utilization, through decoupling effects from 1994 to 2023. The findings are substantiated by the individual perspectives of the environmental factors regarding decoupling, which ultimately lead to the acquisition of valuable results. We anticipate a substantial reduction in the total volume of CO2 emissions in both the USA and China. Compared to China, the USA shows a significant increase in CO2 emissions due to its reliance on fossil fuels. It is evident that a comprehensive transition to renewable resources and a broad range of technology is required to mitigate CO2 emissions in high-energy zones. In their pursuit of sustainability, these two nations are making remarkable strides. The percentage change in CO2 emissions indicates that effective changes in economic growth, energy input, and energy utilization, particularly sustainable energy, transmute energy output, as does the sustained implementation of robust environmental protection policies. The percentage change in CO2 emissions indicates a remarkable transformation in energy input, energy consumption, and economic growth. This transition has been most visible in the areas of energy transformation, sustainability, and the maintenance of strong environmental protection measures. Full article
(This article belongs to the Special Issue Energy Transition and Environmental Sustainability: 3rd Edition)
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39 pages, 825 KiB  
Article
Public Water Concern, Managerial Green Cognition, and Corporate Water Responsibility: Evidence from High-Water-Consuming Enterprises in China
by Liyuan Zheng, Wei Wang, Bo Shang and Mengjiao Wang
Sustainability 2025, 17(15), 7150; https://doi.org/10.3390/su17157150 - 7 Aug 2025
Abstract
To address water sustainability challenges, this study investigates how public water concern influences corporate water responsibility (CWR) and how managerial green cognition moderates this relationship. Drawing on institutional theory and cognitive theory, we analyze a panel of 1292 publicly listed high-water-consuming firms in [...] Read more.
To address water sustainability challenges, this study investigates how public water concern influences corporate water responsibility (CWR) and how managerial green cognition moderates this relationship. Drawing on institutional theory and cognitive theory, we analyze a panel of 1292 publicly listed high-water-consuming firms in China from 2015 to 2024. The results show that public water concern significantly improves CWR by increasing legitimacy pressure, while its effect through government water governance attention is not statistically significant. Furthermore, managerial green cognition—including both economic and moral dimensions—positively moderates this relationship. Heterogeneity analysis reveals that the moderating effect is stronger in firms with more female directors, older executives, and internationally experienced teams. These findings contribute to refining institutional theory in the context of environmental responsibility and highlight the critical role of executive cognition and demographic structure in corporate sustainability behavior. Full article
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19 pages, 12670 KiB  
Article
Risk Assessment of Flood Disasters with Multi-Source Data and Its Spatial Differentiation Characteristics
by Wenxia Jing, Yinghua Song, Wei Lv and Junyi Yang
Sustainability 2025, 17(15), 7149; https://doi.org/10.3390/su17157149 - 7 Aug 2025
Abstract
The changing global climate and rapid urbanization make extreme rainstorm events frequent, and the flood disaster caused by rainstorm has become a prominent problem of urban public safety in China, which severely restricts the healthy and sustainable development of social economy. The weight [...] Read more.
The changing global climate and rapid urbanization make extreme rainstorm events frequent, and the flood disaster caused by rainstorm has become a prominent problem of urban public safety in China, which severely restricts the healthy and sustainable development of social economy. The weight calculation method of traditional risk assessment model is single and ignores the difference of multi-dimensional information space involved in risk analysis. This study constructs a flood risk assessment model by incorporating natural, social, and economic factors into an indicator system structured around four dimensions: hazard, exposure, vulnerability, and disaster prevention and mitigation capacity. A combination of the Analytic Hierarchy Process (AHP) and the entropy weight method is employed to optimize both subjective and objective weights. Taking the central urban area of Wuhan with a high flood risk as an example, based on the risk assessment values, spatial autocorrelation analysis, cluster analysis, outlier analysis, and hotspot analysis are applied to explore the spatial clustering characteristics of risks. The results show that the overall assessment level of flood hazard in central urban area of Wuhan is medium, the overall assessment level of exposure and vulnerability is low, and the overall disaster prevention and mitigation capability is medium. The overall flood risk levels in Wuchang and Jianghan are the highest, while some areas in Qingshan and Hanyang have the lowest levels. The spatial characteristics of each dimension evaluation index show obvious autocorrelation and spatial differentiation. These findings aim to provide valuable suggestions and references for reducing urban disaster risks and achieving sustainable urban development. Full article
(This article belongs to the Special Issue Sustainable Transport and Land Use for a Sustainable Future)
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21 pages, 4581 KiB  
Article
Spatiotemporal Variations and Drivers of the Ecological Footprint of Water Resources in the Yangtze River Delta
by Aimin Chen, Lina Chang, Peng Zhao, Xianbin Sun, Guangsheng Zhang, Yuanping Li, Haojun Deng and Xiaoqin Wen
Water 2025, 17(15), 2340; https://doi.org/10.3390/w17152340 - 6 Aug 2025
Abstract
With the acceleration of urbanization in China, water resources have become a key factor restricting regional sustainable development. Current research primarily examines the temporal or spatial variations in the water resources ecological footprint (WREF), with limited emphasis on the integration of both spatial [...] Read more.
With the acceleration of urbanization in China, water resources have become a key factor restricting regional sustainable development. Current research primarily examines the temporal or spatial variations in the water resources ecological footprint (WREF), with limited emphasis on the integration of both spatial and temporal scales. In this study, we collected the data and information from the 2005–2022 Statistical Yearbook and Water Resources Bulletin of the Yangtze River Delta Urban Agglomeration (YRDUA), and calculated evaluation indicators: WREF, water resources ecological carrying capacity (WRECC), water resources ecological pressure (WREP), and water resources ecological surplus and deficit (WRESD). We primarily analyzed the temporal and spatial variation in the per capita WREF and used the method of Geodetector to explore factors driving its temporal and spatial variation in the YRDUA. The results showed that: (1) From 2005 to 2022, the per capita WREF (total water, agricultural water, and industrial water) of the YRDUA generally showed fluctuating declining trends, while the per capita WREF of domestic water and ecological water showed obvious growth. (2) The per capita WREF and the per capita WRECC were in the order of Jiangsu Province > Anhui Province > Shanghai City > Zhejiang Province. The spatial distribution of the per capita WREF was similar to those of the per capita WRECC, and most areas effectively consume water resources. (3) The explanatory power of the interaction between factors was greater than that of a single factor, indicating that the spatiotemporal variation in the per capita WREF of the YRDUA was affected by the combination of multiple factors and that there were regional differences in the major factors in the case of secondary metropolitan areas. (4) The per capita WREF of YRDUA was affected by natural resources, and the impact of the ecological condition on the per capita WREF increased gradually over time. The impact factors of secondary metropolitan areas also clearly changed over time. Our results showed that the ecological situation of per capita water resources in the YRDUA is generally good, with obvious spatial and temporal differences. Full article
(This article belongs to the Section Water Resources Management, Policy and Governance)
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23 pages, 3580 KiB  
Review
Computational Chemistry Insights into Pollutant Behavior During Coal Gangue Utilization
by Xinyue Wang, Xuan Niu, Xinge Zhang, Xuelu Ma and Kai Zhang
Sustainability 2025, 17(15), 7135; https://doi.org/10.3390/su17157135 - 6 Aug 2025
Abstract
Coal serves as the primary energy source for China, with production anticipated to reach 4.76 billion tons in 2024. However, the mining process generates a significant amount of gangue, with approximately 800 million tons produced in 2023 alone. Currently, China faces substantial gangue [...] Read more.
Coal serves as the primary energy source for China, with production anticipated to reach 4.76 billion tons in 2024. However, the mining process generates a significant amount of gangue, with approximately 800 million tons produced in 2023 alone. Currently, China faces substantial gangue stockpiles, characterized by a low comprehensive utilization rate that fails to meet the country’s ecological and environmental protection requirements. The environmental challenges posed by the treatment and disposal of gangue are becoming increasingly severe. This review employs bibliometric analysis and theoretical perspectives to examine the latest advancements in gangue utilization, specifically focusing on the application of computational chemistry to elucidate the structural features and interaction mechanisms of coal gangue, and to collate how these insights have been leveraged in the literature to inform its potential utilization routes. The aim is to promote the effective resource utilization of this material, and key topics discussed include evaluating the risks of spontaneous combustion associated with gangue, understanding the mechanisms governing heavy metal migration, and modifying coal byproducts to enhance both economic viability and environmental sustainability. The case studies presented in this article offer valuable insights into the gangue conversion process, contributing to the development of more efficient and eco-friendly methods. By proposing a theoretical framework, this review will support ongoing initiatives aimed at the sustainable management and utilization of coal gangue, emphasizing the critical need for continued research and development in this vital area. This review uniquely combines bibliometric analysis with computational chemistry to identify new trends and gaps in coal waste utilization, providing a roadmap for future research. Full article
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20 pages, 2088 KiB  
Article
Sustainable Soil Management in Reservoir Riparian Zones: Impacts of Long-Term Water Level Fluctuations on Aggregate Stability and Land Degradation in Southwestern China
by Pengcheng Wang, Zexi Song, Henglin Xiao and Gaoliang Tao
Sustainability 2025, 17(15), 7141; https://doi.org/10.3390/su17157141 - 6 Aug 2025
Abstract
Soil structural instability in reservoir riparian zones, induced by water level fluctuations, threatens sustainable land use by accelerating land degradation. This study examined the impact of water-level variations on soil aggregate composition and stability based on key indicators, including water-stable aggregate content (WSAC), [...] Read more.
Soil structural instability in reservoir riparian zones, induced by water level fluctuations, threatens sustainable land use by accelerating land degradation. This study examined the impact of water-level variations on soil aggregate composition and stability based on key indicators, including water-stable aggregate content (WSAC), mean weight diameter (MWD), and geometric mean diameter (GMD). The Savinov dry sieving, Yoder wet sieving, and Le Bissonnais (LB) methods were employed for analysis. Results indicated that, with decreasing water levels and increasing soil layer, aggregates larger than 5 mm decreased, while aggregates smaller than 0.25 mm increased. Rising water levels and increasing soil layer corresponded to reductions in soil stability indicators (MWD, GMD, and WSAC), highlighting a trend toward soil structural instability. The LB method revealed the lowest aggregate stability under rapid wetting and the highest under slow wetting conditions. Correlation analysis showed that soil organic matter positively correlated with the relative mechanical breakdown index (RMI) (p < 0.05) and negatively correlated with the relative slaking index (RSI), whereas soil pH was negatively correlated with both RMI and RSI (p < 0.05). Comparative analysis of aggregate stability methods demonstrated that results from the dry sieving method closely resembled those from the SW treatment of the LB method, whereas the wet sieving method closely aligned with the FW (Fast Wetting) treatment of the LB method. The Le Bissonnais method not only reflected the outcomes of dry and wet sieving methods but also effectively distinguished the mechanisms of aggregate breakdown. The study concluded that prolonged flooding intensified aggregate dispersion, with mechanical breakdown influenced by water levels and soil layer. Dispersion and mechanical breakdown represent primary mechanisms of soil aggregate instability, further exacerbated by fluctuating water levels. By elucidating degradation mechanisms, this research provides actionable insights for preserving soil health, safeguarding water resources, and promoting sustainable agricultural in ecologically vulnerable reservoir regions of the Yangtze River Basin. Full article
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23 pages, 1191 KiB  
Article
The Power of Interaction: Fan Growth in Livestreaming E-Commerce
by Hangsheng Yang and Bin Wang
J. Theor. Appl. Electron. Commer. Res. 2025, 20(3), 203; https://doi.org/10.3390/jtaer20030203 - 6 Aug 2025
Abstract
Fan growth serves as a critical performance indicator for the sustainable development of livestreaming e-commerce (LSE). However, existing research has paid limited attention to this topic. This study investigates the unique interactive advantages of LSE over traditional e-commerce by examining how interactivity drives [...] Read more.
Fan growth serves as a critical performance indicator for the sustainable development of livestreaming e-commerce (LSE). However, existing research has paid limited attention to this topic. This study investigates the unique interactive advantages of LSE over traditional e-commerce by examining how interactivity drives fan growth through the mediating role of user retention and the moderating role of anchors’ facial attractiveness. To conduct the analysis, real-time data were collected from 1472 livestreaming sessions on Douyin, China’s leading LSE platform, between January and March 2023, using Python-based (3.12.7) web scraping and third-party data sources. This study operationalizes key variables through text sentiment analysis and image recognition techniques. Empirical analyses are performed using ordinary least squares (OLS) regression with robust standard errors, propensity score matching (PSM), and sensitivity analysis to ensure robustness. The results reveal the following: (1) Interactivity has a significant positive effect on fan growth. (2) User retention partially mediates the relationship between interactivity and fan growth. (3) There is a substitution effect between anchors’ facial attractiveness and interactivity in enhancing user retention, highlighting the substitution relationship between anchors’ personal characteristics and livestreaming room attributes. This research advances the understanding of interactivity’s mechanisms in LSE and, notably, is among the first to explore the marketing implications of anchors’ facial attractiveness in this context. The findings offer valuable insights for both academic research and managerial practice in the evolving livestreaming commerce landscape. Full article
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19 pages, 398 KiB  
Article
Analyzing Regional Disparities in China’s Green Manufacturing Transition
by Xuejuan Wang, Qi Deng, Riccardo Natoli, Li Wang, Wei Zhang and Catherine Xiaocui Lou
Sustainability 2025, 17(15), 7127; https://doi.org/10.3390/su17157127 - 6 Aug 2025
Abstract
China has identified the high-quality development of its green manufacturing transition as the top priority for upgrading their industrial structure system which will lead to the sustainable development of an innovation ecosystem. To assess their progress in this area, this study selects the [...] Read more.
China has identified the high-quality development of its green manufacturing transition as the top priority for upgrading their industrial structure system which will lead to the sustainable development of an innovation ecosystem. To assess their progress in this area, this study selects the panel data of 31 provinces in China from 2011 to 2021 and constructs an evaluation index system for the green transformation of the manufacturing industry from four dimensions: environment, resources, economy, and industrial structure. This not only comprehensively and systematically reflects the dynamic changes in the green transformation of the manufacturing industry but also addresses the limitations of currently used indices. The entropy value method is used to calculate the comprehensive score of the green transformation of the manufacturing industry, while the key factors influencing the convergence of the green transformation of the manufacturing industry are further explored. The results show that first, the overall level of the green transformation of the manufacturing industry has significantly improved as evidenced by an approximate 32% increase. Second, regional differences are significant with the eastern region experiencing significantly higher levels of transformation compared to the central and western regions, along with a decreasing trend from the east to the central and western regions. From a policy perspective, the findings suggest that tailored production methods for each region should be adopted with a greater emphasis on knowledge exchanges to promote green transition in less developed regions. In addition, further regulations are required which, in part, focus on increasing the degree of openness to the outside world to promote the level of green manufacturing transition. Full article
(This article belongs to the Section Sustainable Management)
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28 pages, 5190 KiB  
Article
Assessing the Coevolution Between Ecosystem Services and Human Well-Being in Ecotourism-Dominated Counties: A Case Study of Chun’an, Zhejiang Province, China
by Weifeng Jiang and Lin Lu
Land 2025, 14(8), 1604; https://doi.org/10.3390/land14081604 - 6 Aug 2025
Abstract
Investigating the coevolution between ecosystem services (ES) and human well-being (HWB) holds significant implications for achieving the sustainable operation of human–environment systems. However, limited research has focused on ES-HWB interactions in ecotourism-dominated counties. To address this gap, this study takes Chun’an County in [...] Read more.
Investigating the coevolution between ecosystem services (ES) and human well-being (HWB) holds significant implications for achieving the sustainable operation of human–environment systems. However, limited research has focused on ES-HWB interactions in ecotourism-dominated counties. To address this gap, this study takes Chun’an County in Zhejiang Province, China, as a case study, with the research objective of exploring the processes, patterns, and mechanisms of the coevolution between ecosystem services (ES) and human well-being (HWB) in ecotourism-dominated counties. By integrating multi-source heterogeneous data, including land use data, the normalized difference vegetation index (NDVI), and statistical records, and employing methods such as the dynamic equivalent factor method, the PLUS model, the coupling coordination degree model, and comprehensive evaluation, we analyzed the synergistic evolution of ES-HWB in Chun’an County from 2000 to 2020. The results indicate that (1) the ecosystem service value (ESV) fluctuated between 30.15 and 36.85 billion CNY, exhibiting a spatial aggregation pattern centered on the Qiandao Lake waterbody, with distance–decay characteristics. The PLUS model confirms ecological conservation policies optimize ES patterns. (2) The HWB index surged from 0.16 to 0.8, driven by tourism-led economic growth, infrastructure investment, and institutional innovation, facilitating a paradigm shift from low to high well-being at the county level. (3) The ES-HWB interaction evolved through three phases—disordered, antagonism, and coordination—revealing tourism as a key mediator driving coupled human–environment system sustainability via a pressure–adaptation–synergy transmission mechanism. This study not only advances the understanding of ES-HWB coevolution in ecotourism-dominated counties, but also provides a transferable methodological framework for sustainable development in similar regions. Full article
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22 pages, 10285 KiB  
Article
Biophysical and Social Constraints of Restoring Ecosystem Services in the Border Regions of Tibet, China
by Lizhi Jia, Silin Liu, Xinjie Zha and Ting Hua
Land 2025, 14(8), 1601; https://doi.org/10.3390/land14081601 - 6 Aug 2025
Abstract
Ecosystem restoration represents a promising solution for enhancing ecosystem services and environmental sustainability. However, border regions—characterized by ecological fragility and geopolitical complexity—remain underrepresented in ecosystem service and restoration research. To fill this gap, we coupled spatially explicit models (e.g., InVEST and RUSLE) with [...] Read more.
Ecosystem restoration represents a promising solution for enhancing ecosystem services and environmental sustainability. However, border regions—characterized by ecological fragility and geopolitical complexity—remain underrepresented in ecosystem service and restoration research. To fill this gap, we coupled spatially explicit models (e.g., InVEST and RUSLE) with scenario analysis to quantify the ecosystem service potential that could be achieved in China’s Tibetan borderlands under two interacting agendas: ecological restoration and border-strengthening policies. Restoration feasibility was evaluated through combining local biophysical constraints, economic viability (via restoration-induced carbon gains vs. opportunity costs), operational practicality, and simulated infrastructure expansion. The results showed that per-unit-area ecosystem services in border counties (particularly Medog, Cona, and Zayu) exceed that of interior Tibet by a factor of two to four. Combining these various constraints, approximately 4–17% of the border zone remains cost-effective for grassland or forest restoration. Under low carbon pricing (US$10 t−1 CO2), the carbon revenue generated through restoration is insufficient to offset the opportunity cost of agricultural production, constituting a major constraint. Habitat quality, soil conservation, and carbon sequestration increase modestly when induced by restoration, but a pronounced carbon–water trade-off emerges. Planned infrastructure reduces restoration benefits only slightly, whereas raising the carbon price to about US$50 t−1 CO2 substantially expands such benefits. These findings highlight both the opportunities and limits of ecosystem restoration in border regions and point to carbon pricing as the key policy lever for unlocking cost-effective restoration. Full article
(This article belongs to the Special Issue The Role of Land Policy in Shaping Rural Development Outcomes)
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26 pages, 3194 KiB  
Article
Evolution Trends, Spatial Differentiation, and Convergence Characteristics of Urban Ecological Economic Resilience in China
by Xiaofeng Ran, Rui Ding and Bowen Zhang
Systems 2025, 13(8), 666; https://doi.org/10.3390/systems13080666 - 6 Aug 2025
Abstract
Achieving a win-win situation for both economy and ecology is crucial for promoting sustainable social development and shaping new advantages in high-quality developments. This article constructs an ecological economic resilience (EER) analysis framework by integrating both ecological and economic dimensions from a resilience [...] Read more.
Achieving a win-win situation for both economy and ecology is crucial for promoting sustainable social development and shaping new advantages in high-quality developments. This article constructs an ecological economic resilience (EER) analysis framework by integrating both ecological and economic dimensions from a resilience perspective. Based on panel data from 290 cities in China, it explores the dynamic evolution characteristics, regional differences, and convergence trends of EER. The findings indicate that the EER has weakened nationwide and in the four major economic regions, overall tending towards stability. Significant disparities exist in EER, particularly pronounced in the northeast. There is σ convergence in the nation as well as in the northeast and east regions. Additionally, both absolute and conditional β convergence is evident nationwide and in all regions, with conditional convergence occurring at a faster pace. The research findings in this paper provide solid theoretical support for promoting regional coordinated development and constructing a new development paradigm. Full article
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22 pages, 322 KiB  
Article
The Impact of Green Finance on Energy Transition Under Climate Change
by Zhengwei Ma and Xiangli Jiang
Sustainability 2025, 17(15), 7112; https://doi.org/10.3390/su17157112 - 6 Aug 2025
Abstract
In recent years, growing concerns over environmental degradation and deepening awareness of the necessity of sustainable development have propelled green and low-carbon energy transition into a focal issue for both academia and policymakers. By decomposing energy transition into the transformation of energy structure [...] Read more.
In recent years, growing concerns over environmental degradation and deepening awareness of the necessity of sustainable development have propelled green and low-carbon energy transition into a focal issue for both academia and policymakers. By decomposing energy transition into the transformation of energy structure and the upgrading of energy efficiency, this study investigates the impact and mechanisms of green finance on energy transition across 30 provinces (municipalities and autonomous regions) in China, with the exception of Tibet. In addition, the impact of climate change is incorporated into the analytical framework. Empirical results demonstrate that green finance development significantly accelerates energy transition, a conclusion robust to rigorous validation. Analysis of the mechanism shows that green finance promotes energy transition through the facilitation of technological innovation and the upgrade of industrial structures. Moreover, empirical evidence reveals that climate change undermines the promotional influence of sustainable finance on energy system transformation. The magnitude of this suppression varies nonlinearly across provincial jurisdictions with differing energy transition progress. Regional heterogeneity analyses further uncover marked discrepancies in climate–finance interactions, demonstrating amplified effects in coastal economic hubs, underdeveloped western provinces, and regions with mature eco-financial markets. According to these findings, actionable policy suggestions are put forward to strengthen green finance and accelerate energy transition. Full article
(This article belongs to the Special Issue Analysis of Energy Systems from the Perspective of Sustainability)
19 pages, 541 KiB  
Article
Export-Led Growth Under the Digital Economy: Evidence from China’s 31 Provinces
by Xiaomei Li, Radziah Adam and Ningjun Deng
Sustainability 2025, 17(15), 7111; https://doi.org/10.3390/su17157111 - 6 Aug 2025
Abstract
Under the rapid development of the digital economy, the interactive relationship between exports and the digital economy has become an important issue for promoting regional economic growth. Based on the panel data of 31 provinces and municipalities in China from 2012 to 2022, [...] Read more.
Under the rapid development of the digital economy, the interactive relationship between exports and the digital economy has become an important issue for promoting regional economic growth. Based on the panel data of 31 provinces and municipalities in China from 2012 to 2022, this paper systematically examines the impact of exports on economic growth and the moderating role of the digital economy, and it introduces research and development (R&D) investment to test its mediating mechanism. The research finds that exports significantly promote regional economic growth. The digital economy has a negative moderating effect on the export growth effect, and it is significant in the eastern region but not significant in the central and western regions, showing obvious regional heterogeneity. R&D investment has played a partial mediating role between exports and economic growth. This paper suggests that the government should focus on regional differences, promote the deep integration of the digital economy and exports, enhance technological innovation capabilities, formulate differentiated policies based on local conditions, strengthen the construction of digital infrastructure, optimize the export structure, support the development of R&D-driven enterprises, and build a digital export system that promotes regional coordination and high-quality growth, so as to achieve high-quality coordinated sustainable regional development. This paper also has certain reference value for other developing economies, in promoting the integration of the digital economy and trade. Full article
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39 pages, 1121 KiB  
Article
Digital Finance, Financing Constraints, and Green Innovation in Chinese Firms: The Roles of Management Power and CSR
by Qiong Zhang and Zhihong Mao
Sustainability 2025, 17(15), 7110; https://doi.org/10.3390/su17157110 - 6 Aug 2025
Abstract
With the increasing global emphasis on sustainable development goals, and in the context of pursuing high-quality sustainable development of the economy and enterprises, this study empirically examines the effect of digital finance on corporate financing constraints and the impact on corporate green innovation [...] Read more.
With the increasing global emphasis on sustainable development goals, and in the context of pursuing high-quality sustainable development of the economy and enterprises, this study empirically examines the effect of digital finance on corporate financing constraints and the impact on corporate green innovation with a sample of China’s A-share-listed companies in the period of 2011–2020 and explores the issue from the perspectives of management power and corporate social responsibility (CSR) at the micro level of enterprises. The empirical results show that digital finance can indeed alleviate corporate financing constraints. Still, the synergistic effect of the two on corporate green innovation produces a “quantitative and qualitative separation” effect, which only promotes the enhancement of iconic green innovation, and the effect on substantive green innovation is not obvious. The power of management and CSR performanceshave different moderating roles in the alleviation of financing constraints by the empowerment of digital finance. Management power and corporate social responsibility have different moderating effects on digital financial empowerment to alleviate financing constraints. The findings of this study enrich the research in related fields and provide more basis for the promotion of digital financial policies and more solutions for the high-quality development of enterprises. Full article
(This article belongs to the Special Issue Advances in Economic Development and Business Management)
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