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China’s Belt and Road Initiative (BRI) developed a system of interaction with the member countries to uplift economic and environmental integration. Through BRI, these countries are now developing in the field of financial management, energy and environment. This raised the importance to test nexus between energy, finance and environment-related constructs to present the empirical significance with policy suggestions. Therefore, considering the SDG number 7 for sustainable and reliable energy system, recent investigation attempted to determine that how green financing raise energy efficiency, and, to what extent economic and environmental integration act as a catalyst to enhance sustainability and reliability in energy systems of BRI member countries. For empirical analysis, study used the data from 2005–2018. The results have shown a significant variation in energy financing patterns, renewable energy sources consumption and carbon emission trends in BRI member nations. Moreover, the Probit regression analysis confirmed this variation between energy efficiency, financing patterns and carbon emission. Moreover, Human Development Index (HDI) and public financing in energy sector have shown a limited role in developing energy efficiency, which presented the room for private investment through green financing for energy efficiency maximization and this proved as significant in study context. This study also presented policy guidelines for key stakeholders.
Tu et al. (Mon,) studied this question.