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The effect of green finance on industrial pollution emissions: Evidence from China

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  • Lan, Jing
  • Wei, Yiming
  • Guo, Jie
  • Li, Qiuming
  • Liu, Zhen

Abstract

At present, China is undergoing a transformation from high-speed growth to high-quality development, and environmental protection is placed in a very important position. To explore the relationship between the pollution and green finance, this research uses the data of 30 provinces from 2001 to 2020 to calculate the provincial level green finance index and further examines the non-linear influence of green finance on industrial pollution emissions based on Kuznets Curve. Three types of pollutants are selected to generate the green Kuznets curves, and the "inverted N" curves were obtained to express the relationship between green finance and industrial pollution emission. For regional heterogeneity, the results show that relationship between green finance and industrial pulltion emission has regional heterogeneity for three types of pollutants, which can be attributed to different regional industrial structures to some extent. Hence, upgrading industrial structure is a win-win solution for green finance development and industrial pulltion emission reduction.

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  • Lan, Jing & Wei, Yiming & Guo, Jie & Li, Qiuming & Liu, Zhen, 2023. "The effect of green finance on industrial pollution emissions: Evidence from China," Resources Policy, Elsevier, vol. 80(C).
    • Handle: RePEc:eee:jrpoli:v:80:y:2023:i:c:s0301420722005992
    DOI: 10.1016/j.resourpol.2022.103156
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    1. Huidong Liu & Jing Yang & Fang Zhao & Lei Jiang & Na Li, 2024. "Can Green Finance Mitigate China’s Carbon Emissions and Air Pollution? An Analysis of Spatial Spillover and Mediation Pathways," Sustainability, MDPI, vol. 16(4), pages 1-16, February.
    2. Song, Yan & Zhu, Jing & Yue, Qian & Zhang, Ming & Wang, Longke, 2023. "Industrial agglomeration, technological innovation and air pollution: Empirical evidence from 277 prefecture-level cities in China," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 240-252.
    3. Xiuli Liu & Jing Cui & Yanrui Wu & Xiaohang Yue & Jun Shen & Pibin Guo, 2024. "The Nexus between Green Finance and Carbon Emissions: Evidence from Maturity Mismatch in China," Sustainability, MDPI, vol. 16(10), pages 1-24, May.
    4. Xi Zhao & Siqin Zhang & Najid Ahmad & Shuangguo Wang & Jiaxing Zhao, 2024. "Unlocking Sustainable Growth: The Transformative Impact of Green Finance on Industrial Carbon Emissions in China," Sustainability, MDPI, vol. 16(18), pages 1-21, September.
    5. Wang, Xiaoyin & Gao, Cuiyun, 2024. "Does green finance policy help to improve carbon reduction welfare performance? Evidence from China," Energy Economics, Elsevier, vol. 132(C).
    6. Guobin Geng & Yang Shen & Chenguang Dong, 2024. "The Impact of Green Finance on Agricultural Non-Point Source Pollution: Analysis of the Role of Environmental Regulation and Rural Land Transfer," Land, MDPI, vol. 13(9), pages 1-28, September.
    7. Li Cao & Jiaqi Gao, 2024. "The Impact of Green Finance on Agricultural Pollution and Carbon Reduction: The Case of China," Sustainability, MDPI, vol. 16(14), pages 1-15, July.
    8. Lingui Qin & Yan Zhang & Yige Wang & Xinning Pan & Zhe Xu, 2024. "Research on the Impact of Digital Green Finance on Agricultural Green Total Factor Productivity: Evidence from China," Agriculture, MDPI, vol. 14(7), pages 1-23, July.
    9. Niu, Xiaodong & Niu, Xiaoqin & Ibrahim, Ridwan Lanre & Al-Faryan, Mamdouh Abdulaziz Saleh, 2023. "Do the asymmetric effects of natural resource dependence and financial development amidst green policies make or mar sustainability agenda in E7 countries?," Resources Policy, Elsevier, vol. 85(PB).
    10. Pan, Changchun & Yu, Jingxia & Huang, Yuzhe & Altuntas, Sumeyya, 2023. "The dynamic relationship between resources, finances, and sustainable development: An in-depth analysis," Resources Policy, Elsevier, vol. 86(PB).
    11. Ziying Liu & Zhenzhong Shen & Wenqian Chang & Yingxiu Zhao, 2024. "Spatiotemporal Evolution of Green Finance and High-Quality Economic Development: Evidence from China," Sustainability, MDPI, vol. 16(13), pages 1-28, June.
    12. Linmei Cai & Jinsuo Zhang, 2024. "Does Green Finance Improve Industrial Energy Efficiency? Empirical Evidence from China," Energies, MDPI, vol. 17(19), pages 1-25, September.
    13. Muntazir Hussain & Ramiz Ur Rehman & Usman Bashir, 2024. "Environmental pollution, innovation, and financial development: an empirical investigation in selected industrialized countries using the panel ARDL approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 29217-29248, November.
    14. Mihaela Simionescu & Beáta Gavurová, 2023. "Pollution, income inequality and green finance in the new EU member states," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
    15. Na Yu & Meilin Lu, 2024. "Analysis of the Dynamic Evolution Game of Government, Enterprise and the Public to Control Industrial Pollution," Sustainability, MDPI, vol. 16(7), pages 1-20, March.

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