Road to a greener future

How does green credit policy affect the green innovation of Chinese energy enterprises

Dados Bibliográficos

ID7397235
AutoresNa Zhang (0000-0001-8065-3412), Haoyuan Cheng (0000-0003-1366-0721), Hang Lu (0000-0002-4795-3410), Hui Jiang (0000-0001-8393-8368)
Ano2025
Volume9
Páginas100676-100676
Data de publicação2025-05-13
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoSustainable Futures (JOURNAL)
Identificadores do periódicoISSN: 2666-1888
EditoraElsevier BV (PUBLISHER)
DOI10.1016/j.sftr.2025.100676
OpenAlexW4410334051
IdiomaEN
Citações recebidas2
Referências citadas57

In China's carbon emission structure, the energy sector accounts for approximately 80 % of carbon emissions. Green technology innovation within the energy sector is therefore critical for China to attain its “carbon peaking and carbon neutrality” goals and sustain high-quality economic development. To fully leverage the supportive role of green credit in the green innovation of energy enterprises, this study uses the promulgation of the Green Credit Guidelines in China as a quasi-natural experiment. It selects listed enterprises in the traditional energy sector as the treatment group and new energy listed enterprises as the control group. Using a difference-in-differences model, this paper investigates the impact of green credit policy on the green innovation of energy enterprises. The results indicate that, compared to new energy enterprises not subject to policy restrictions, green credit policy significantly enhance the green innovation level of traditional energy firms. This policy influences the green innovation of energy enterprises by tightening financing constraints and encouraging environmental information disclosure. The promoting effect of green credit policy on the green innovation of traditional energy enterprises is heterogeneous, being more pronounced for state-owned enterprises, those located in eastern regions, those with highly green-aware executives, and those holding green innovation patents

Affect (linguistics · Business · Economics · Environmental economics · Green growth · Green innovation · Industrial organization · Natural resource economics · Political science · Sociology · Sustainable development · Energy, Environment, Economic Growth · Environmental Sustainability in Business · Sustainable Supply Chain Management