The main objective of the present study was to examine the impact of socioeconomic factors on environmental degradation or preservation using the logarithmic mean disivia index (LMDI). The study used the latest data from thirty Chinese provinces from 2012 to 2020. Pooled mean group (PMG) results were estimated to determine the long-term and short-term impact of the aforementioned compound variables on carbon emissions. The study results revealed that population growth, per capita GDP growth, and fossil fuel-led energy consumption, positively impacted environmental degradation in China at the provincial level. However, clean energy intensity and a transition towards renewable energy in China are helping to reduce carbon emissions. Similarly, clean energy intensity is also helping to lower carbon emissions. The study proposed that at the provincial level, joint efforts were required to control environmental degradation in China. The positive impact of renewable energy intensity on carbon emissions encourages the transition from fossil fuels to clean energy sources for environmentally friendly growth.

Environmentalists are more concerned with the environment in this age of industrialization, and they are continually interested in researching factors that can facilitate the transition towards sustainability. This study applies an econometric technique called the panel Generalized Method of Moments generalized moments to analyze green finance and renewable energy’s impact on CO₂ emissions from 2010 to 2019. According to the findings, green finance has a significant negative and positive impact on carbon emissions and green economic recovery. In addition, the results showed that logistics operations use energy and fossil fuel, and the findings also showed that the amount of fossil fuel and non-green energy sources creates a significant harmful effect on the environmental sustainability, in addition to having a negative impact on economic growth. Inadequate transportation-related infrastructure and logistics services are other significant contributors to CO₂ and overall emissions of greenhouse gases. According to the findings, sustainable energy development can be advanced by fostering the growth of green finance. This can be accomplished by employing a variety of metrics that pertain to the three dimensions of economic development, financial development, and environmental development.