How can green finance promote low-carbon transition of Chinese cities: technological innovation or industrial structure adjustment ?
Xiao-qing Wu,
Hong-xing Wen,
Pu-yan nie
et al.
Abstract:Green finance (GF) has emerged as a promising tool to promote low-carbon development, while knowledge is rather limited regarding the underlying mechanism. This article aims to address this void by constructing a city-level GF index covering seven dimensions and identifying the main pathways through which GF can facilitate the low-carbon development of cities. Using a balanced panel data covering 277 Chinese cities from 2010 to 2020, the results show that: (1) China’s GF development exhibits an overall spatial… Show more
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