Research on the impact of green finance on carbon emissions

Evidence from China

Datos Bibliográficos

ID15066554
AutoresJiancheng Bai (0000-0003-0100-0996, Southwest Jiaotong University), Zhonglu Chen (0000-0002-5523-474X, Southwest Jiaotong University, autor de correspondencia), Xiang Yan (0000-0002-8309-6671, Business School of Yancheng Teachers University, Yancheng, China), Yueyan Zhang (0000-0002-9554-4400, Southwest Jiaotong University)
Año2022
Volumen35
Número1
Páginas6965-6984
Fecha de publicación2022-12-31
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEconomic Research-Ekonomska Istraživanja (JOURNAL)
Identificadores de la revistaISSN: 1331-677X • E-ISSN: 1848-9664
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2022.2054455
OpenAlexW4226138260
IdiomaEN
Citas recibidas19
Referencias citadas53

Green finance is an effective means adopted by the Chinese government to reduce carbon emissions. Does the development of green finance in Chinese provinces reduce carbon emissions to a certain extent? This study selects panel data of various provinces and cities in China from 2003 to 2019. Based on the Hansen threshold regression model, an empirical analysis is conducted with economic growth and industrial structure as threshold variables to test the impact of green finance on carbon emissions. The results show that green finance increases the speed of carbon emission mitigation when PGDP is the threshold. Taking industrial structure as the threshold, the impact of green finance development on carbon emissions presents an inverted N shape. At the same time, it is found that green finance has become an important means to reduce carbon emissions in the eastern region, the impact of green finance on carbon emissions in the central region presents an inverted U shape, and the driving force of green finance on carbon emission reduction in the western region is weak. Furthermore, it is pointed out that improving the quality of green finance and enhancing the level of green finance empowered by science and technology are the keys to realizing sustainable green development

Business · Carbon fibers · Carbon finance · China · Econometrics · Economics · Geography · Green development · Greenhouse gas · Natural resource economics · Panel data · Political science · Sustainable development · Air Quality and Health Impacts · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Environmental Science · Mathematics · Finance