Blended Finance for State-led Decarbonization: How Public Interventions Direct Private Finance towards Green Investments

Choi, Esther; In, Soh Young

doi:10.2139/ssrn.3895653

Cited by 2 publications

(1 citation statement)

References 9 publications

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“…Firstly, green nancial policy itself has an incentive nature, which directly increases the government's nancial input by means of tax concessions, green subsidies and innovation funds, showing the government's active willingness in the eld of sustainable development (Herrera et al, 2015) , which helps to alleviate the nancial pressure of enterprises in green innovation, and thus incentivizes them to carry out green innovation activities more actively. Second, green nance policies indirectly in uence the incentive behavior of the government by setting up strict environmental standards and regulations to guide rms towards a more environmentally friendly and sustainable direction (Choi & In, 2021) Again, green nance policies create an environment conducive to green innovation by establishing an innovation ecosystem, where the government establishes institutions such as innovation funds, incubators, and gas pedals to provide innovative rms with nancial support, training, mentorship, and other resources. Finally, the promotion of green nance policies has also increased government incentive behavior at the international level.…”

Section: The Mediating Role Of Government Incentive Behaviormentioning

confidence: 99%

The innovation effect of green finance reform—based on the green innovation vitality perspective

Mao,

Chen

2024

Environ Sci Pollut Res

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In order to develop green nance and realize the coordinated development of the environment and the economy, China set up the Green Finance Reform and Innovation Pilot Zone in 2017. This paper takes the green nancial reform and innovation pilot zones set up in China as an exogenous shock, takes the ve provinces that set up green nancial reform and innovation pilot zones in 2017 as the experimental group, and takes the other 25 provinces that did not set up or set up green nancial reform and innovation pilot zones later as the control group, and constructs panel data for the period of 2012-2021 for the 30 provinces in China (excluding Hong Kong, Macao , Taiwan, and Tibet) panel data, using synthetic control method, double difference model and mediation effect model to analyze the impact and mechanism of green nancial policies on China's green innovation vitality. It is found that the implementation of green nancial policies can signi cantly enhance the level of green innovation vitality in China. The results of the heterogeneity study show that the positive effect of green nancial policies is greatest in the east, followed by the west, while the positive promotion effect is not obvious in the central region. The results of the mechanism study indicate that green nancial policies promote the level of green innovation vitality through government incentive behavior. The ndings of the study can provide effective support for the further promotion of the pilot policy and provide important insights for green development.

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Section: The Mediating Role Of Government Incentive Behaviormentioning

confidence: 99%

The innovation effect of green finance reform—based on the green innovation vitality perspective

Mao,

Chen

2024

Environ Sci Pollut Res

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The Innovation Effect of Green Finance Reform-Based on the green innovation vitality perspective

Mao,

Chen

2023

Preprint

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In order to develop green finance and realize the coordinated development of the environment and the economy, China set up the Green Finance Reform and Innovation Pilot Zone in 2017. This paper takes the green financial reform and innovation pilot zones set up in China as an exogenous shock, takes the five provinces that set up green financial reform and innovation pilot zones in 2017 as the experimental group, and takes the other 25 provinces that did not set up or set up green financial reform and innovation pilot zones later as the control group, and constructs panel data for the period of 2012-2021 for the 30 provinces in China (excluding Hong Kong, Macao , Taiwan, and Tibet) panel data, using synthetic control method, double difference model and mediation effect model to analyze the impact and mechanism of green financial policies on China's green innovation vitality. It is found that the implementation of green financial policies can significantly enhance the level of green innovation vitality in China. The results of the heterogeneity study show that the positive effect of green financial policies is greatest in the east, followed by the west, while the positive promotion effect is not obvious in the central region. The results of the mechanism study indicate that green financial policies promote the level of green innovation vitality through government incentive behavior. The findings of the study can provide effective support for the further promotion of the pilot policy and provide important insights for green development.

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Blended Finance for State-led Decarbonization: How Public Interventions Direct Private Finance towards Green Investments

Cited by 2 publications

References 9 publications

The innovation effect of green finance reform—based on the green innovation vitality perspective

The innovation effect of green finance reform—based on the green innovation vitality perspective

The Innovation Effect of Green Finance Reform-Based on the green innovation vitality perspective

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