The Moderating Effect and Threshold Effect of Green Finance on Carbon Intensity: From the Perspective of Capital Accumulation

Zhang, Jun; Ke, Haiqian

doi:10.1155/2022/4273691

Cited by 4 publications

(3 citation statements)

References 60 publications

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“…China is a policy development-oriented country, and the state and its policies occupy an extremely important position at the level of environmental governance. Generally speaking, the more funds are invested in environmental management, the greater the supervision on the environment [47]. The percentage of investment in reducing environmental pollution to GDP is used to represent it.…”

Section: Control Variablesmentioning

confidence: 99%

The Empirical Effectiveness of China Digital Economy Enhancing Environmental Governance

Dai,

Fan,

Zhao

et al. 2023

Pol. J. Environ. Stud.

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At present, China is entering the era of digital economy. At the same time, "carbon peak" and "carbon neutral" are the main challenges. There is an urgent need to explore the role of the digital economy in reducing carbon emissions and environmental governance. In view of this, using the provincial panel data from 2011 to 2020, this paper makes an empirical study on the mechanism of the digital economy in environmental governance. It is found that with the growth of the digital economy, regional carbon emissions have decreased and the level of environmental governance has improved. After passing several kinds of robustness tests, this conclusion is still valid. The impact of the digital economy on environmental governance is heterogeneous. And the effect is even more obvious in the East. In addition, the transmission mechanism of strengthening environmental governance in the digital economy obviously benefits from the upgrading of industrial structure, the efficiency of capital allocation and labor allocation. Finally, according to the analysis and discussion of the results, some policy suggestions for developing countries to actively develop the digital economy and strengthen the effectiveness of environmental governance are put forward.

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Section: Control Variablesmentioning

confidence: 99%

The Empirical Effectiveness of China Digital Economy Enhancing Environmental Governance

Dai,

Fan,

Zhao

et al. 2023

Pol. J. Environ. Stud.

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“…Kapa et al [13] investigated six countries that account for 61% of global carbon emissions and discovered that green finance contributes to a remarkable reduction in carbon intensity. Zhang and Ke [14] found that every 1% increase in green finance development results in a 2% decrease in carbon intensity. Du [15] confirmed that both short and longterm estimates of green finance significantly reduce carbon intensity using the quantile autoregressive distributed lag (QARDL) model.…”

Section: Green Finance and Carbon Intensitymentioning

confidence: 99%

The Impact of Green Finance Pilot Policy on Carbon Intensity in Chinese Cities—Based on the Synthetic Control Method

Feng

Sun

2023

Sustainability

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As an innovative and efficient approach, green finance unlocks the potential to achieve China’s carbon peak and neutrality goals. This study takes China’s Green Finance Pilot Scheme as a quasi-natural experience and adopts the synthetic control method to evaluate the carbon intensity reduction effects of the Green Finance Pilot Policy (GFPP) based on the city-level panel data in China from 2008 to 2019. We find that the GFPP significantly reduces the carbon intensity of pilot cities in eastern China, such as Guangzhou, Huzhou, and Quzhou. However, implementing GFPP does not achieve the desired reduction effect in Nanchang and Guiyang situated in central and western China. After multiple robustness tests, it can be proved that the preceding conclusions are robust. The mechanism analysis results show that the GFPP can promote carbon intensity reduction through financial agglomeration and green innovation. This study is conducive to assessing the policy effectiveness of China’s GFPP and provides empirical evidence for promoting green finance system construction in China.

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“…In terms of the relationship between green finance and SDRE, some scholars believe that the threshold mechanism of green finance is conducive to narrowing the regional gap of sustainable development. Nevertheless, the inhibition effect of green finance on carbon intensity is affected by the structure of factors in different regions [16,17]. Zhou et al (2022) [18] studied the impact of green finance on regional ecological development in China, and they found boundary differences among the eastern, central, and western regions.…”

Section: Introductionmentioning

confidence: 99%

How Does Green Finance Affect the Sustainable Development of the Regional Economy? Evidence from China

Xuan

Wang

et al. 2023

Sustainability

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The continuous expansion of green finance makes it a new scheme to stimulate economic vitality, but its stimulation path remains to be explored. Using the panel data of 30 regions in China from 2016 to 2020, this research utilized an entropy method to evaluate green finance and the sustainable development of the regional economy (SDRE), and then discussed their coupling coordination relationship and regional heterogeneity. The results show that: (1) The developments of green finance and SDRE in the eastern coastal regions are generally better than that of China’s inland regions. (2) If green finance and SDRE are at a high level, their coupling coordination will be enhanced. Otherwise, the coordination effect will be weakened. (3) The influence of green finance on SDRE has evident regional heterogeneity, and the influence is positive in the echelon with a high degree of green finance.

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The Moderating Effect and Threshold Effect of Green Finance on Carbon Intensity: From the Perspective of Capital Accumulation

Cited by 4 publications

References 60 publications

The Empirical Effectiveness of China Digital Economy Enhancing Environmental Governance

The Empirical Effectiveness of China Digital Economy Enhancing Environmental Governance

The Impact of Green Finance Pilot Policy on Carbon Intensity in Chinese Cities—Based on the Synthetic Control Method

How Does Green Finance Affect the Sustainable Development of the Regional Economy? Evidence from China

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