Influence Analysis of Environmental Information Disclosure Impact on Green Economy Development: An Exploratory Study Based on fsQCA

Abstract

Increasing environmental degradation has forced policymakers to include sustainability in the economic growth agenda. Green finance has attracted the attention of policymakers and the industry, but the impact of green finance on social and environmental sustainability has not been confirmed. This study using the panel data of 30 Chinese provinces to investigate the relationship between green finance and environmental degradation. The fuzzy set qualitative comparative analysis (fsQCA) method is utilized for analyzing the mixed effect of green finance on the patch release behavior of CO2 emissions. These factors include vulnerability severity level, attention degree, quantity impact and attack path. The results show that exogenous demand factors including attention and attack type have auxiliary effects when endogenous demand factors including severity and popularity exist as the core antecedent conditions among green finance and environmental degradation. Finally, the policymakers should encourage financial technology to actively participate in environmental protection initiatives that promote green consumption while minimizing the systemic risks caused by financial technology.