Has the establishment of green finance reform and innovation pilot zones improved air quality? Evidence from China
Bibliographic Data
| ID | 22230855 |
|---|---|
| Authors | Xiaoyang Xu (0000-0002-5970-1739, Jiangsu University, corresponding author), Yufan Xie (Jiangsu University), Emma Serwaa Obobisa (0000-0002-8285-9315, Jiangsu University), Huaping Sun (0000-0002-9328-7850, Jiangsu University) |
| Year | 2023 |
| Volume | 10 |
| Issue | 1 |
| Publication date | 2023-05-26 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Humanities and Social Sciences Communications (JOURNAL) |
| Journal identifiers | ISSN: 2662-9992 • E-ISSN: 2662-9992 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1057/s41599-023-01773-0 |
| OpenAlex | W4378469565 |
| Language | EN |
| Citations received | 8 |
| References cited | 59 |
The role of finance in environmental sustainability is becoming increasingly important. This study conducts a quasi-natural experiment using a sample of 146 prefecture-level cities from 2015 to 2019. It adopts difference-in-differences to examine the impact of China’s green finance reform and innovations pilot zones (GFRIs) on urban air quality. The findings show that air quality has improved after the establishment of GFRIs, indicating that GFRIs have the potential to control air pollution levels. The mechanism tests indicate that the GFRIs are conducive to improving air quality through industrial structure upgrading and green innovation. Furthermore, the heterogeneity analyses show that the air quality in the south of the Qinling Mountains-Huaihe River line, in large and well-developed financially scaled cities, has improved significantly after the establishment of GFRIs
Air pollution · Air quality index · Business · China · Difference in differences · Economics · Environmental planning · Geography · Meteorology · Natural resource economics · Sustainability · Air Quality and Health Impacts · Energy, Environment, Economic Growth · Environmental Science · Environmental Sustainability in Business
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| Unique citing works | 8 |
|---|---|
| Citations per year | 4 |
| Citation span | 2024 - 2025 (2) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |