Transitioning green finance from theory to practice for renewable energy development

Sharma, Gagan Deep; Verma, Mahesh; Shahbaz, Muhammad; Gupta, Mansi; Chopra, Ritika

doi:10.1016/j.renene.2022.06.041

Cited by 83 publications

(24 citation statements)

References 57 publications

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“…In Table 7, model (1) and model (2) test whether TIL mediates the relationship between GCP and CSP. Model (1) shows that GCP has a significant positive relationship with TIL at the 1% level, but model (2) shows that the impact of TIL on CSP is not significant. Therefore, the causal stepwise regression method is not able to identify the mediating effect of TIL.…”

Section: Analysis Of Mediating Effectsmentioning

confidence: 96%

“…The paper uses 2010 as the time of GCP implementation for the counterfactual test. Model (2) shows that the coefficient of 𝑇𝑟𝑒𝑎𝑡𝑒𝑑 × 𝑃𝑜𝑠𝑡 is not significant after changing the time of implementation, indicating that CSP would not be significantly enhanced if the policy was not implemented. The improvement of CSP is affected by GCP, which passes the counterfactual test.…”

Section: Robustness Testmentioning

confidence: 99%

“…To test whether the level of long-term credit financing has a mediating effect on the relationship between GCP and CSP, this paper proceeds to construct the following models based on Equation (2).…”

Section: Analysis Of Mediating Effectsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…Green finance has emerged as a link between the environmental and financial sectors. As an important policy tool for modern environmental governance, green finance has the dual characteristics of financial resource allocation and environmental regulation and is a useful complement to traditional environmental regulation policies [ 2 ]. Green credit is an important green financial policy that requires financial institutions to take pollution control and environmental protection as an essential basis for credit decisions and to guide the green transformation of industrial structures through credit resource allocation (CRA) [ 3 ].…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

The Impact Mechanism of Green Credit Policy on the Sustainability Performance of Heavily Polluting Enterprises—Based on the Perspectives of Technological Innovation Level and Credit Resource Allocation

Ding¹,

Jing

et al. 2022

IJERPH

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Green credit policy (GCP), as one of the key financial instruments to achieve ’carbon peaking’ and ‘carbon neutrality’ targets, provides capital support for the green development of enterprises. This paper explores the impact mechanism of GCP on the sustainability performance of heavily polluting enterprises (HPEs) from the perspectives of technological innovation level (TIL) and credit resource allocation (CRA), using panel data for Chinese A-share listed manufacturing companies from 2010 to 2015 to construct a propensity score matching and differences-in-differences (PSM-DID) model. We find that GCP has a causal effect on corporate sustainability performance (CSP). Although GCP significantly improves CSP, there is no long-term effect. Heterogeneity analysis shows that the relationship between GCP and CSP is only significant in non-state-owned enterprises and in eastern and low-market-concentration enterprises. Mechanism tests indicate that GCP stimulates HPEs to invest more in technological innovation and thereby improves CSP through the innovation compensation effect; the credit constraint and information transfer effects caused by GCP reduce the credit resources available to HPEs but have a significant forced effect on CSP. This paper enriches the study of the economic consequences of GCP and provides implications for stakeholders to improve the green financial system and achieve green transformation of HPEs.

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Section: Analysis Of Mediating Effectsmentioning

confidence: 96%

Section: Robustness Testmentioning

confidence: 99%

Section: Analysis Of Mediating Effectsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

The Impact Mechanism of Green Credit Policy on the Sustainability Performance of Heavily Polluting Enterprises—Based on the Perspectives of Technological Innovation Level and Credit Resource Allocation

Ding¹,

Jing

et al. 2022

IJERPH

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The evolution of pro‐environmental behavior research in three decades using bibliometric analysis

Goyal,

Goyal

2024

Corp Soc Responsibility Env

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Pro‐environmental behavior plays a pivotal role in mitigating adverse environmental conditions like climate change and greenhouse gas emissions. Therefore, the current study aims to demonstrate the evolution of pro‐environmental behavior research and determine the emerging areas of this research field. This study employs a bibliometric approach encompassing temporal, co‐word, citation, and bibliographic coupling analyses using SciMAT and VOS Viewer to analyze 1824 articles extracted from Scopus, spanning the period from 1993 to 2022. The findings of bibliometric analysis reveal that (i) After the introduction of sustainable development goals, the research on pro‐environmental behavior has considerably evolved and gained enormous diversity, (ii) the predominant research themes include ecotourism, sustainable consumption behavior, and corporate social responsibility, (iii) green behavior and green marketing are the two significant emerging research areas. This study would facilitate research practitioners and academicians in comprehending evolving trends and identifying avenues for future research.

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Economic and social impacts of the green energy transition: A pathway towards 100% renewable energy agenda

Ma¹

2023

Geological Journal

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Despite the world economy's tremendous growth, significant environmental and sustainability concerns need adequate attention. Ecological, environmental conservation is facilitated by “green production” and the promotion of 100% renewable energy development goals.” The 100% renewable energy development goal is hailed in the developed economies as a fresh set of policy initiatives that, primarily via the use of renewable energy and resource efficiency, seek to achieve social objectives, including socio‐economic impacts and the reduction of economic inequality. This study examines the potential energy transition based on current technology and the green productivity of 40 industrialized nations from 1990 to 2020. In most industrialized nations, green growth is positive, efficiency change is negative and technology advancement is the primary factor behind economic and environmental improvement. Furthermore, our empirical findings show that trade between nations encourages green output in developed nations. The potential energy transition rate across industrialized nations is 5.21% on average. This suggests that, on average, 5.11% of each advanced nation's total energy usage can be changed from dirty to clean energy.

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Transitioning green finance from theory to practice for renewable energy development

Cited by 83 publications

References 57 publications

The Impact Mechanism of Green Credit Policy on the Sustainability Performance of Heavily Polluting Enterprises—Based on the Perspectives of Technological Innovation Level and Credit Resource Allocation

The Impact Mechanism of Green Credit Policy on the Sustainability Performance of Heavily Polluting Enterprises—Based on the Perspectives of Technological Innovation Level and Credit Resource Allocation

The evolution of pro‐environmental behavior research in three decades using bibliometric analysis

Economic and social impacts of the green energy transition: A pathway towards 100% renewable energy agenda

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