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The Study of the Impact of Carbon Finance Effect on Carbon Emissions in Beijing-Tianjin-Hebei Region—Based on Logarithmic Mean Divisia Index Decomposition Analysis

Author

Listed:
  • Li Li

    (School of Economics, Beijing Technology and Business University, Beijing 100048, China)

  • Di Liu

    (School of Economics, Beijing Technology and Business University, Beijing 100048, China)

  • Jian Hou

    (School of Economics and Management, Beijing Forestry University, Beijing 100083, China)

  • Dandan Xu

    (School of Economics, Beijing Technology and Business University, Beijing 100048, China)

  • Wenbo Chao

    (School of Economics, Beijing Technology and Business University, Beijing 100048, China)

Abstract

The negative effects of global warming are becoming more and more serious. The fundamental way to prevent global warming is by reducing carbon dioxide emissions. Achieving this has become a key concern for all countries. The logarithmic mean divisia index model was constructed to decompose the total carbon emission increment. Carbon finance effect was divided into green credit effect and carbon trading effect to analyze the impact of carbon finance on carbon emissions. The results showed that the total carbon emission reduction value caused by green credit effect from 2010 to 2016 in the Beijing-Tianjin-Hebei region was 66193.96 million tons, and the added value of carbon emission caused by carbon trading effect was 80266.68 million tons. There are regional differences in the effects of carbon finance on carbon emissions in these regions. It can be concluded that to a certain extent, green credit can reduce carbon emissions, and carbon trading can increase carbon emissions. Using the gradual expansion of carbon finance trading and market mechanism of carbon finance to solve the problem of carbon emission can improve the efficiency of carbon emission reduction.

Suggested Citation

  • Li Li & Di Liu & Jian Hou & Dandan Xu & Wenbo Chao, 2019. "The Study of the Impact of Carbon Finance Effect on Carbon Emissions in Beijing-Tianjin-Hebei Region—Based on Logarithmic Mean Divisia Index Decomposition Analysis," Sustainability, MDPI, vol. 11(5), pages 1-12, March.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:5:p:1465-:d:212501
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    Cited by:

    1. Wenjie Zhang & Mingyong Hong & Juan Li & Fuhong Li, 2021. "An Examination of Green Credit Promoting Carbon Dioxide Emissions Reduction: A Provincial Panel Analysis of China," Sustainability, MDPI, vol. 13(13), pages 1-21, June.
    2. Magdalena Ziolo & Krzysztof Kluza & Anna Spoz, 2019. "Impact of Sustainable Financial and Economic Development on Greenhouse Gas Emission in the Developed and Converging Economies," Energies, MDPI, vol. 12(23), pages 1-30, November.
    3. Xiaolan Chen & Qinggang Meng & Jianing Shi & Yufei Liu & Jing Sun & Wanfang Shen, 2022. "Regional Differences and Convergence of Carbon Emissions Intensity in Cities along the Yellow River Basin in China," Land, MDPI, vol. 11(7), pages 1-19, July.
    4. Yalin Mo & Dinghai Sun & Yu Zhang, 2023. "Green Finance Assists Agricultural Sustainable Development: Evidence from China," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    5. Shengxian Ge & Xianyu Yu & Dequn Zhou & Xiuzhi Sang, 2019. "The Integrated Effect of Carbon Emissions Trading and Pollution Rights Trading for Power Enterprises—A Case Study of Chongqing," Sustainability, MDPI, vol. 11(11), pages 1-17, June.
    6. Yingying Zhou & Yaru Xu & Chuanzhe Liu & Zhuoqing Fang & Jiayi Guo, 2019. "Spatial Effects of Technological Progress and Financial Support on China’s Provincial Carbon Emissions," IJERPH, MDPI, vol. 16(10), pages 1-22, May.

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