Unlocking green financing for building energy retrofit: A survey in the western China

Zhang, Mingshun; Lian, Ya; Zhao, Hui; Xia-Bauer, Chun

doi:10.1016/j.esr.2020.100520

Cited by 50 publications

(20 citation statements)

References 7 publications

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“…The purpose of green finance is to provide financial support for environmental protection related projects to solve the problems caused by climate change and improving energy efficiency. Some scholars have established the research framework of green finance and defined green finance (Wang and Zhi 2016;Zhang et al, 2020;Mohsin et al, 2020;Hafner et al, 2020). Green finance includes new financial supplies and policies such as green bonds, green banks, carbon market tools, fiscal policies, green central banks, financial technology, and national green development funds.…”

Section: Literature Review and Hypothesis Formulation Green Finance Development And Energy Efficiencymentioning

confidence: 99%

“…It is necessary to review the long-term economic growth in the context of environmental policy (Burke, 2015), and interest in analyzing the relationship between energy and economic performance has gradually recovered. The development of green finance contributes to the stable economic growth momentum and sustainable economic development (Mohsin et al, 2020;Zhang et al, 2020), which provides a new perspective for our study.…”

Section: Introductionmentioning

confidence: 98%

“…As traditional environmental regulations and policies have shown more uncertainties in influencing energy efficiency, environmental regulations that promote green finance development have emerged (Wang and Zhi 2016;Zhang et al, 2020;Mohsin et al, 2020;Hafner et al, 2020). Based on the establishment of the green finance framework, the impact of green finance development on energy transition has begun to be studied.…”

Section: Introductionmentioning

confidence: 99%

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Does Environmental Policy Promote Energy Efficiency? Evidence From China in the Context of Developing Green Finance

Peng

Zheng

2021

Front. Environ. Sci.

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In response to the dilemma between economic development and environmental protection, green finance is an effective tool for environmental regulation. Based on the stochastic frontier analysis method to measure the energy efficiency of China’s provinces from 2001 to 2017, the promotion effect of green finance on energy efficiency and the intermediary effect of green technology innovation are tested and analyzed in our study. The results show that green finance can significantly improve energy efficiency. Specifically, green finance makes stronger effect on energy efficiency in provinces with rich resource endowments, high levels of economic development, and high degree of marketization. Green finance can improve energy efficiency through the development of new energy technologies and disruptive green innovation, which provides important supports for formulating policies to optimize energy structure and improve energy efficiency.

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Section: Literature Review and Hypothesis Formulation Green Finance Development And Energy Efficiencymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 98%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Does Environmental Policy Promote Energy Efficiency? Evidence From China in the Context of Developing Green Finance

Peng

Zheng

2021

Front. Environ. Sci.

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“…In terms of financing barriers, the financing obstacles faced by green retrofitting include a lack of initial capital investment [20] and difficulty in obtaining loans or third-party financing for the ESCO industry in some countries [21]. In addition, Zhang et al [13] found that, unlike other developing countries and emerging economies, more substantial obstacles do not exist at the system policy level, but at the meso-and microlevels of operation in China. Many scholars have conducted research on how to solve the financing problem of green retrofitting.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Moreover, green retrofitting is generally not attractive to investors [11], which makes it difficult for ESCOs to obtain financing [12]. is is the key challenge to realizing the large-scale development of existing building green retrofitting [13]. e implementation of green credit policy provides new financing opportunities for ESCOs.…”

Section: Introductionmentioning

confidence: 99%

Game Analysis of the Multiagent Evolution of Existing Building Green Retrofitting from the Perspective of Green Credit

Chen

Zhang

Zhao

2021

Discrete Dynamics in Nature and Society

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Existing building green retrofitting can reduce building energy consumption and greenhouse gas emissions, which is conducive to the sustainable development of the construction industry. The financing dilemma of the existing building green retrofitting hinders the large-scale development of green retrofitting in China. This paper establishes the perceived payoff matrix and evolutionary game model of the government, Energy Service Companies (ESCOs), banks, and owners. Through simulation analysis, the primary factors affecting the choice of game strategy and the stable strategy under different conditions are discussed. The results show that the strategic choices of the government, ESCOs, banks, and owners influence each other in the two game models. Government regulations will have an impact on the strategic choices of ESCOs, banks, and owners. The owners’ strategy choice is closely related to the perceived benefits and costs of retrofitting. Based on the results, corresponding suggestions are proposed to provide theoretical support for the development of the existing building green retrofitting market.

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Green financing for sustainable development: Insights from multiple cases of Vietnamese commercial banks

Nguyen

Thi

Hoang³

et al. 2022

Bus Strat Env

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Although the public sector is seen as the main party responsible for taking action on climate change and sustainable development, private commercial banks are in a unique position to support or shift the funding focus on green investment. By employing a qualitative research approach based on six commercial banks, this paper aims to investigate the current practices of how commercial banks are contributing to advance green business initiatives. Accordingly, this research examines and identifies the facilitators and challenges in domestic and foreign commercial banks in Vietnam which support green business initiatives. In addition to addressing the recent calls for the investigation of the role of commercial banks in facilitating green finance, our study expands the emerging literature by demonstrating the current efforts of Vietnam's commercial banks in fostering green finance during the Covid‐19 pandemic.

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Unlocking green financing for building energy retrofit: A survey in the western China

Cited by 50 publications

References 7 publications

Does Environmental Policy Promote Energy Efficiency? Evidence From China in the Context of Developing Green Finance

Does Environmental Policy Promote Energy Efficiency? Evidence From China in the Context of Developing Green Finance

Game Analysis of the Multiagent Evolution of Existing Building Green Retrofitting from the Perspective of Green Credit

Green financing for sustainable development: Insights from multiple cases of Vietnamese commercial banks

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