Over the past, all the big economies across the world are focusing on attainment of objectives of COP27 and COP28 and USA is forefront among them. Therefore, present study aims to unraveling the role of renewable energy, energy innovation, climate change and green financial development in mapping and shaping the energy transition system in the USA. In view of this, study utilizes annual data of said constructs from 2008 to 2022 and estimates through Dynamic Autoregressive Distributed Lag simulations (DARDLS) approach. Results indicate the positve impacts of renewable energy and energy innovation on energy transition and sustainable energy management in both long and short run. Whereas green financial development reflects low positive impact on energy transition in short run and getting stronger in long run. Expectedly, climate change adversely affect the energy transition and increases energy risk for the USA. Policy implications and Government frameworks are suggested to facilitate the renewable energy, energy innovation and green financial development and to mitigate climate change risk in USA.

中文翻译：

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可再生能源、能源创新和气候变化如何影响美国的能源转型？揭示绿色金融发展的作用


过去，世界上所有大型经济体都在专注于实现 COP27 和 COP28 的目标，而美国是其中的佼佼者。因此，本研究旨在揭示可再生能源、能源创新、气候变化和绿色金融发展在绘制和塑造美国能源转型体系中的作用。有鉴于此，该研究利用了 2008 年至 2022 年所述结构的年度数据，并通过动态自回归分布式滞后模拟 （DARDLS） 方法进行估计。结果表明，可再生能源和能源创新对能源转型和可持续能源管理的长期和短期都有积极影响。而绿色金融发展在短期内对能源转型的积极影响较小，从长期来看会变得更强。可以预见的是，气候变化会对能源转型产生不利影响，并增加美国的能源风险。建议制定政策影响和政府框架，以促进美国的可再生能源、能源创新和绿色金融发展，并减轻气候变化风险。