The threshold effect of environmental regulation in the nexus between green finance and total factor carbon productivity: evidence from a dynamic panel threshold model

Li, Zibiao; Lu, Xue; Wang, Siwei; Li, Xin; Li, Han

doi:10.1007/s11356-023-25214-2

Cited by 10 publications

(6 citation statements)

References 70 publications

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“…If there is no estimate γ 1 < Q it ≤ γ 2 in the middle, it is a single-threshold model. Taking energy consumption intensity and green technology innovation as threshold variables, this paper discusses the nonlinear relationship between environmental regulation and carbon emission efficiency and constructs a double-threshold model [24,28], which is specifically expressed as Model (2) and Model (3). Model (2) takes energy consumption intensity (EI) as the threshold variable and Model (3) takes green technology innovation (GTI) as the threshold variable.…”

Section: Panel Threshold Modelmentioning

confidence: 99%

Does Environmental Regulation Improve Carbon Emission Efficiency? Inspection of Panel Data from Inter-Provincial Provinces in China

Pan

Zhao

et al. 2022

Sustainability

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This study aims to analyze the nonlinear relationship between environmental regulation and carbon emission efficiency and provide scientific reference for achieving the goal for carbon neutrality at a lower cost. Taking 30 provinces in China, using dual carbon policy as the research objects, the slacks-based measure–Malmquist–Luenberger (SBM–ML) index method was used to measure the carbon emission efficiency from 2009 to 2019 and a panel threshold regression model was established to explore the nonlinear effects of environmental regulation and carbon emission efficiency in each province. The results show that: (1) during the sample period, there is geographical variability in CEE, with the eastern coastal provinces having the highest CEE, followed by the central and western provinces, and the resource-dependent provinces having the lowest CEE and their energy consumption and utilization efficiency being significantly lower than other provinces; (2) when the energy consumption intensity is used as a threshold variable, the relationship between environmental regulation and carbon emission rate is an inverted “U” shape; and (3) when green technology innovation is used as a threshold variable, the relationship between environmental regulation and carbon emission rate is a “U” shape. This study provides a new perspective for improving carbon emission efficiency.

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Section: Panel Threshold Modelmentioning

confidence: 99%

Does Environmental Regulation Improve Carbon Emission Efficiency? Inspection of Panel Data from Inter-Provincial Provinces in China

Pan

Zhao

et al. 2022

Sustainability

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show abstract

“…In order to examine the robustness of the results, we refer to the method of Li (2023) to adjust the research sample. Excluding municipalities with unique political and economic status, high degree of marketization, leading Internet development and a relatively high degree of industrial intelligence, 26 provinces are selected as research sample.…”

Section: Robustness Testsmentioning

confidence: 99%

“…Market-incentive environmental regulation (MER) is a kind of economic stimulus-oriented investment in a business environment. It plays the regulating role of the market mechanism with the help of economic incentives, and then influences the environmental protection decisions of enterprises (Li et al, 2023). Reasonable MER can guide enterprises to shift from end-of-pipe treatment to cleaner production, which will effectively reduce the cost of emission reduction for society as a whole in the long run (Cheng et al, 2017).…”

Section: Internet Development Heterogeneous Environmental Regulations...mentioning

confidence: 99%

“…CER: command-controlled environmental regulation is the government's mandatory constraint on the actors who pollute the environment through the enactment of environmental related laws and regulations, and the number of environmental administrative penalties to some extent represents the intensity of its regulation. Therefore, referring to Li (2023), we characterize CER by the number of environmental administrative penalty cases decided by the government each year. MER: market-incentive environmental regulation uses market regulation mechanism to stimulate enterprises' environmental behavior and enable them to consider pollution control in production.…”

Section: Threshold Variables: Cer Mer and Vermentioning

confidence: 99%

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The impact of Internet development on carbon emission efficiency of industrial sector: the threshold effect ofmultiple environmental regulations

baitong,

jian,

Yan

2023

Preprint

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Under the background of carbon emission constraint and Industrial intelligent transformation, the extent to which Internet development affects the carbon emission efficiency of industrial sector (CEEI) has been increasingly focused. Using China’s provincial data during the period of 2011 to 2020, this study illustrates the impact of Internet development on CEEI and the role of different types and intensities of environmental regulatory tools in the relationship. The following conclusions could be drawn from this study. (1) Internet development will promote the CEEI. And the relationship is influenced by multiple environmental regulations, namely, command-controlled environmental regulation (CER), market-incentive environmental regulation (MER) and voluntary public participation environmental regulation (VER). For the whole sample, the enhancement effect of Internet development across the CER threshold on CEEI is weakened. when MER is between its two thresholds, the boost effect will be greatest. And under the VER threshold effect, the relationship presents an inverted U-shaped. (2) Heterogeneity analysis shows that the influence of Internet development on CEEI varies in different regions under the threshold of three types of environmental regulation tools. Therefore, the government should implement a diversified portfolio of environmental regulation policies, and give full play to the maximum effect of Internet development on CEEI promotion according to regional characteristics, thereby promoting industrial green transformation and upgrading.

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“…The terms "green economy" (75) and "environmental economics" (57) refer to the integration of environmental considerations into economic systems and decisionmaking procedures. This emphasizes the importance of transitioning to environmentally sustainable economic models and policies.…”

Section: Most Frequent Wordsmentioning

confidence: 99%

Emerging new themes in green finance: a systematic literature review

Mudalige

2023

Futur Bus J

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There is a need for an extensive understanding of the emerging themes and trends within the domain of green finance, which is still evolving. By conducting a systematic literature review on green finance, the purpose of this study is to identify the emerging themes that have garnered significant attention over the past 12 years. In order to identify the emerging themes in green finance, bibliometric analysis was performed on 978 publications that were published between 2011 and 2023 and were taken from the databases of Scopus and Web of Science. The author examined annual scientific production, journal distribution, countries scientific production, most relevant authors, most frequent words, areas where empirical research is lacking, words' frequency over time, trend topics, and themes of green finance. The outcome of the review identified the following seven themes: (i) green finance and environmental sustainability; (ii) green finance and investments; (iii) green finance and innovation; (iv) green finance policy/green credit guidelines; (v) green finance and economy; (vi) green finance and corporate social responsibility; (vii)trends/challenges/barriers/awareness of green finance. The analysis of these emerging themes will contribute to the existing corpus of knowledge and provide valuable insights into the landscape of green finance as it evolves.

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The threshold effect of environmental regulation in the nexus between green finance and total factor carbon productivity: evidence from a dynamic panel threshold model

Cited by 10 publications

References 70 publications

Does Environmental Regulation Improve Carbon Emission Efficiency? Inspection of Panel Data from Inter-Provincial Provinces in China

Does Environmental Regulation Improve Carbon Emission Efficiency? Inspection of Panel Data from Inter-Provincial Provinces in China

The impact of Internet development on carbon emission efficiency of industrial sector: the threshold effect ofmultiple environmental regulations

Emerging new themes in green finance: a systematic literature review

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