Whether Green Finance Can Effectively Moderate the Green Technology Innovation Effect of Heterogeneous Environmental Regulation

Fang, Yong; Shao, Zhenquan

doi:10.3390/ijerph19063646

Cited by 88 publications

(59 citation statements)

References 42 publications

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“…There are great differences in the level of economic development, energy utilization, economic structure, environmental regulation, R&D investment, and opening up in different regions of China, which makes the effect of green financial development on carbon emissions exhibit heterogeneity in different regions [ 22 ]. The variables selected in the existing research are different.…”

Section: Empirical Strategymentioning

confidence: 99%

The Spatial Heterogeneity Effect of Green Finance Development on Carbon Emissions

Feng

Shang

et al. 2022

Entropy

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This paper uses the entropy method to estimate China’s green financial development from four aspects, namely, green credit, green securities, green insurance, and green investment, based on the provincial-level panel data from 2008 to 2019. The spatial Durbin model (SDM) is adopted to estimate the spatial effect of green finance on carbon emissions. We then compare the heterogeneous effect in the South and North of China. The results show that China’s green financial development can significantly reduce carbon emissions, and regional heterogeneities are obvious. In the South of China, this effect from local and adjacent regions is not significant, while on the whole, green finance can significantly reduce carbon emissions; but for Northern China, this effect is not significant; nationally, the development of green finance and carbon emissions in adjacent areas showed an inverted U-shaped relationship. China’s green financial development and carbon emissions also showed an inverted U-shaped relationship. These results suggest that the effect of green finance development on carbon emissions exhibits substantial regional heterogeneity in China. Our paper provides some concrete empirical evidence for policymakers to formulate green financial policies to achieve the double carbon goal in China.

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Section: Empirical Strategymentioning

confidence: 99%

The Spatial Heterogeneity Effect of Green Finance Development on Carbon Emissions

Feng

Shang

et al. 2022

Entropy

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“…Feng et al proposed that financial development is an important driving force for promoting green technology innovation [20]. Fang and Shao [21] and Wang [22] reached the same conclusion in their research. Ye et al research showed that the positive effect of the finance on green development by supporting green technology innovation is significant in eastern China [6].…”

Section: Introductionmentioning

confidence: 60%

Data-Driven Green Development Efficiency of Regional Sci-Tech Finance: A Case Study of the Yangtze River Delta

Wang

Liu²,

Zhou³

et al. 2022

Mathematical Problems in Engineering

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Green development is an important connotation of high-quality development and is one of the goals of scientific and technological innovation. This study constructs a data-driven measurement model of the green development efficiency of regional sci-tech finance, measures the green development efficiency of sci-tech finance by using the super-slack-based measure model, and deeply analyses and evaluates the changes in green development efficiency of regional sci-tech finance by calculating Malmquist index. This study calculates the green development efficiency of sci-tech finance in the Yangtze River Delta. Results show that the green development efficiency of sci-tech finance in the Yangtze River Delta is on the rise as a whole and maintains an efficient state, but differences are observed between provinces and cities. This study provides theoretical and methodological support for the evaluation of the green development efficiency of regional sci-tech finance and serves as reference for policy makers and researchers of sci-tech finance.

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“…Specifically, under the background of the development of green finance, the funds of financial institutions are inclined to green and high-tech industries, forcing the "two high and one surplus" industries to carry out green technological innovation under the constraint of funds . At the same time, the green finance policy can not only incite the resources of financial institutions, but also incite social capital to gather in green technology innovation of enterprises, and mobilize the vitality of green technology innovation and research and development of enterprises (Fang and Shao, 2022). Second, green finance contributes to the ecological transformation of industrial structure (Hu et al, 2020).…”

Section: Baseline Resultsmentioning

confidence: 99%

Can green finance improve carbon emission efficiency? Evidence from China

Liang

Song

2022

Front. Environ. Sci.

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The improvement of carbon emission efficiency and the realization of the goal of “carbon peaking and carbon neutrality” are the key issues that China needs to solve urgently at this stage. The green and low-carbon transformation of the economy requires sufficient financial support. Whether green finance is an opportunity to improve China’s carbon emission efficiency is worth studying. For the aim, based on the macro-panel data of 30 provinces in China from 2010 to 2019, this paper uses fixed effect model and spatial Durbin model to study the impact of green finance on regional carbon emission efficiency. The results show that: First, the development of green finance can improve the carbon emission efficiency; Second, in addition to the “local effect”, the influence of green finance on carbon emission efficiency has a “neighborhood effect”, that is, it has a spatial spillover effect on carbon emission efficiency in neighboring areas, and this effect only exists in a short time; Third, the impact of green finance on carbon emission efficiency is heterogeneous in different regions with different environmental regulations. This paper has reference significance for green finance development and the implementation of the goal of “carbon peaking and carbon neutrality” in China.

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Whether Green Finance Can Effectively Moderate the Green Technology Innovation Effect of Heterogeneous Environmental Regulation

Cited by 88 publications

References 42 publications

The Spatial Heterogeneity Effect of Green Finance Development on Carbon Emissions

The Spatial Heterogeneity Effect of Green Finance Development on Carbon Emissions

Data-Driven Green Development Efficiency of Regional Sci-Tech Finance: A Case Study of the Yangtze River Delta

Can green finance improve carbon emission efficiency? Evidence from China

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