Towards green recovery: Natural resources utilization efficiency under the impact of environmental information disclosure

Zhao, Xing; Guo, Yifan; Feng, Tianchu

doi:10.1016/j.resourpol.2023.103657

Cited by 29 publications

(6 citation statements)

References 75 publications

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“…Column (1) displays the regression outcomes without including control variables, whereas column (2) showcases the results with all control variables included. In both columns, the coefficient of regression for core explanatory variable (GF) is notable, with a value of 3.177 in Column (1) and 1.137 in Column (2). Both values are statistically significant at the 1% level.…”

Section: Baseline Regression Resultsmentioning

confidence: 89%

“…The sample is divided into a lower government spending on S&T group (Low S&T) and a higher government spending on S&T group (High S&T), and empirical tests are conducted using Model (1). Column (1) of Table 5 presents the results for the sample with low S&T, whereas column (2) shows the results for the sample with high S&T. The regression coefficient of green finance in column (1) is 1.594, statistically significant at the 5% level. However, that in column (2) is 0.357, which is not statistically significant.…”

Section: Government Spending On Sandtmentioning

confidence: 99%

“…An important problem lies in the fact that the energy consumption process is extremely highly carbonized. The high carbonization of the energy consumption structure is fundamentally determined by China's natural resource reserves because energy consumption is derived from utilizing natural resources [2]. For China, this is reality is inescapable.…”

Section: Introductionmentioning

confidence: 99%

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Green finance, green development and decarbonization of the energy consumption structure

Zhu,

Feng,

2024

PLoS ONE

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Energy plays a crucial role in global economic development, but it also contributes significantly to CO2 emissions. China has proposed a “dual-carbon” goal, and a key aspect to achieving this objective is finding effective ways to promote the decarbonization of the energy consumption structure (DECS). Compared with traditional finance, green finance is pivotal in advancing green and low-carbon development. However, the mechanism through which green finance impacts DECS has not been thoroughly explored. This study employs an enhanced weighted multi-dimensional vector angle method, which is more systematic and scientific, to measure DECS. Then, dynamic panel data from 30 provinces in China spanning the years 2003 to 2020 are used. A double fixed-effects model is applied to investigate the impact of green finance on the DECS and identify potential pathways. Results reveal that green finance significantly enhances DECS, primarily by reinforcing green development. The critical impact pathway involves the promotion of green technology innovation and green industry development. Moreover, the enhancing effect of green finance on the DECS is considerably significant in regions with relatively low government spending on science and technology (S&T), and where the focus is not on the “Atmospheric Ten” policy. The measurement of DECS is innovative, and the conclusions derived from it can offer compelling evidence for various social stakeholders. The government has the opportunity to establish a green financial system, supporting green technological innovation and the development of green industries. This approach can accelerate the DECS and work toward achieving the “double carbon” goal at an earlier date.

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Section: Baseline Regression Resultsmentioning

confidence: 89%

Section: Government Spending On Sandtmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Green finance, green development and decarbonization of the energy consumption structure

Zhu,

Feng,

2024

PLoS ONE

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“…The authors focused on studies on sustainable investment options, analyzed how environmental, social, and governance aspects are incorporated into financial decision-making, and evaluated how sustainability affects financial performance. Researchers are expected to advance ethical and sustainable financial practices and help the world accomplish its sustainability goals by studying sustainability within the context of green finance [5,25,43,46,59,73,77,90,91,94,104,109,138,161,163,165,167,171].…”

Section: Discussionmentioning

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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“…First, it enriches empirical research on the microeconomic consequences of green transformation. Most existing literature discusses the economic effects of regional green transformation at the macro level [ [17] , [18] , [19] ] or analyzes the impact of external factors on corporate green transformation at the micro level [ [20] , [21] , [22] , [23] ]. However, few studies examine the effect of corporate green transformation on their development.…”

Section: Introductionmentioning

confidence: 99%

Does green technology transformation alleviate corporate financial constraints? Evidence from Chinese listed firms

Feng,

Wang,

2024

Heliyon

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Towards green recovery: Natural resources utilization efficiency under the impact of environmental information disclosure

Cited by 29 publications

References 75 publications

Green finance, green development and decarbonization of the energy consumption structure

Green finance, green development and decarbonization of the energy consumption structure

Emerging new themes in green finance: a systematic literature review

Does green technology transformation alleviate corporate financial constraints? Evidence from Chinese listed firms

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