IDEAS home Printed from https://ideas.repec.org/a/bla/bstrat/v34y2025i2p1669-1690.html
   My bibliography  Save this article

Green Climate Finance Development and Environmental Air Quality Improvement: Unveiling the Role of Green Technological Progress and Industrial Symbiotic Agglomeration

Author

Listed:
  • Jiazhan Gao
  • Guihong Hua
  • Baofeng Huo

Abstract

Green finance represents a transformative approach within the financial sector, markedly influencing both economic growth and environmental stewardship. This study analyzes data spanning 2006 to 2020 from 278 Chinese cities to explore green climate finance (GCF) development's effects on environmental air quality and its operative mechanisms. Results demonstrate a significant positive correlation between GCF development and environmental air quality enhancements. The mediation effect analysis underscores the critical roles of industrial symbiotic networks and green technological progress in facilitating air quality improvements through GCF development. Further investigations delineate a more substantial influence of GCF development on air quality in resource‐dependent and larger urban areas. Non‐linear dynamics between GCF development and air quality enhancements are elucidated through threshold model investigations, indicating varying levels of GCF development effectiveness. This study provides valuable empirical insights for financial policy formulation concerning air quality management and carries profound implications for both theoretical understanding and practical application in the economic and environmental realms.

Suggested Citation

  • Jiazhan Gao & Guihong Hua & Baofeng Huo, 2025. "Green Climate Finance Development and Environmental Air Quality Improvement: Unveiling the Role of Green Technological Progress and Industrial Symbiotic Agglomeration," Business Strategy and the Environment, Wiley Blackwell, vol. 34(2), pages 1669-1690, February.
    • Handle: RePEc:bla:bstrat:v:34:y:2025:i:2:p:1669-1690
    DOI: 10.1002/bse.4060
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/bse.4060
    Download Restriction: no
    File URL: https://libkey.io/10.1002/bse.4060?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:bstrat:v:34:y:2025:i:2:p:1669-1690. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-0836 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.