Assessment of a green credit policy aimed at energy-intensive industries in China based on a financial CGE model

Liu, Jingyu; Xia, Yan; Fan, Ying; Lin, Shih-Mo; Wu, Jie

doi:10.1016/j.jclepro.2015.10.111

Cited by 243 publications

(108 citation statements)

References 6 publications

Supporting

Mentioning

104

Contrasting

Unclassified

Order By: Relevance

“…GCP is an incentive system that provides financial benefits for environmental performance ( Kang et al, 2020 ). According to the guidelines of the GCP in China, banks and other financial institutions may give more loans or financial support for environmentally friendly or energy-saving companies ( Liu et al, 2017 ). Regulations encourage corporations to concentrate on environmental problems in the procedures of the SCM in manufacturing ( Zhu et al, 2007 ).…”

Section: Introductionmentioning

confidence: 99%

A model for evaluating green credit rating and its impact on sustainability performance

Nabeeh

Abdel‐Basset

Soliman

2021

Journal of Cleaner Production

View full text Add to dashboard Cite

The development of economic activities and social progress index leads to the governmental considerations for the environmental challenge's issues. The Green Credit Policy (GCP) in China for manufacturing, as a part of a sustainable finance package, initiatives restrictions with suppliers to reduce harmful pollution for the environment. The study mainly validates the impact of GCP on manufacturing for diminishing the emerged pollution to the environment. The study develops Neutrosophic Multiple-Criteria Decision-Making Framework (N-MCDMF) according to neutrosophic theory and various MCDM methods of grey relational analysis (GRA), analytic network process (ANP), the Decision-Making Trial and Evaluation Laboratory technique (DEMATEL), and the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) to support the decision-makers with highly systematic procedures in the uncertain and inconsistent environmental conditions. The N-MCDMF evaluates the conditions of GCP and recommends the optimal Supply Chain Management (SCM) in manufacturing alternatives. A case study is presented for the validation of the issues of applicability and flexibility for the proposed N-MCDMF. The results obtained from the implementation of the N-MCDMF indicates the applicability and flexibility of the proposed approach. In addition, results show that SCM in manufacturing can provide more cooperation for the environment to reduce harmful pollution and to attain sustainability for achieving motivations under the restrictions of GCP.

show abstract

Section: Introductionmentioning

confidence: 99%

A model for evaluating green credit rating and its impact on sustainability performance

Nabeeh

Abdel‐Basset

Soliman

2021

Journal of Cleaner Production

View full text Add to dashboard Cite

show abstract

“…In cooperation with the Environmental Protection Administration, the China Banking Regulatory Commission (CBRC)ordered domestic banks to tighten the credit exposure of the high-pollution and high-emission industries and expand the credit exposure of the green industries, to decrease the negative effects of industrialization on the environment. Some of the literature has posited that this green credit policy has produced notable results, for example, seriously restricting the debt maturity of high-pollution and high-emission enterprises [74], inhibiting investment in energy-intensive industries [52], the negative net debt financing effect of state-owned enterprises [53], and the positive impact on renewable energy companies [77].…”

Section: Literature Reviews and Contributionsmentioning

confidence: 99%

Can the reform of green credit policy promote enterprise eco-innovation? A theoretical analysis

Wu¹,

Wu²,

Zhao³

2022

JIMO

View full text Add to dashboard Cite

The weakness that China's traditional credit fails to effectively limit enterprise emissions has become increasingly evident. Although the industryoriented green credit policy has achieved certain effects on environmental performance through the differentiated resource allocation of the industries, banking financial institutions have the ambiguity in the definition of the credit object and the characteristics of profit maximization, which cannot achieve the essential purpose of green credit sustainably. Hence, we propose a new eco-innovation-oriented green credit policy. We prove theoretically that the new green credit is feasible and can be used as an exogenous driver for improving enterprises' eco-innovation. Contrasting with traditional credit, the newly proposed credit policy is an expansionary monetary policy, which has the characteristics of expanding credit lines and differential interest rates. Utilizing evolutionary game theory, we calculate the evolution stability conditions of green credit and eco-innovation. The results show that the key to green credit to maintaining sustainable development is the return on investment due to eco-innovation. Our theoretical analysis also reveals that environmental benefit-cost ratios and adjustment cost parameters of different assets are the important factors for green credit. 2020 Mathematics Subject Classification. 91B03.

show abstract

“…17 It continues to increase in recent years. While making contributions to stimulating low-carbon growth, the green loans have mainly targeted at macro-level policy goals, such as restructuring energy-intensive industries, implementing energy-saving projects (Liu et al., 2017). Consequently, to fulfill the carbon footprint assessment or labeling requirements in overseas markets was not a priority.…”

Section: The Roles Of State and Non-state Actors: Status And Dynamicsmentioning

confidence: 99%

Multi-Level Governance: Explaining the “climate-focused” behavior of Chinese exporting companies

Huang

2018

Public Policy and Administration

View full text Add to dashboard Cite

While being increasingly aware of the importance of adopting climate-friendly business strategies, Chinese exporting companies have been active in taking “climate-related” actions but moderate in taking “climate-focused” actions. This article presents a preliminary attempt to apply Multi-Level Governance theories to explain the behavior of Chinese exporting companies toward climate change mitigation. It argues that the convergence of state-centered climate politics and market-oriented climate governance, which has a multi-level feature, has shaped the “climate-focused” behavior of Chinese exporting companies. Specifically, nation-states, multinational enterprises, and non-governmental organizations have contributed in the following ways: (1) at the global level, nation-states co-established and interpreted international norms, which generally justify the stance of the Chinese government, have been an indirect source of influence; (2) at the national level, the Chinese government has been the most influential actor, which has put emphasis on energy-saving when interpreting and operationalizing international norms; (3) at the industrial level, multinational enterprises and international non-governmental organizations have been influential contributors by playing a proactive role in launching and running low-carbon initiatives; and (4) transnational public–private partnerships launched in China and some developed countries have offered limited momentum.

show abstract

Assessment of a green credit policy aimed at energy-intensive industries in China based on a financial CGE model

Cited by 243 publications

References 6 publications

A model for evaluating green credit rating and its impact on sustainability performance

A model for evaluating green credit rating and its impact on sustainability performance

Can the reform of green credit policy promote enterprise eco-innovation? A theoretical analysis

Multi-Level Governance: Explaining the “climate-focused” behavior of Chinese exporting companies

Contact Info

Product

Resources

About