IDEAS home Printed from https://ideas.repec.org/a/taf/reroxx/v35y2022i1p6965-6984.html
   My bibliography  Save this article

Research on the impact of green finance on carbon emissions: evidence from China

Author

Listed:
  • Jiancheng Bai
  • Zhonglu Chen
  • Xiang Yan
  • Yueyan Zhang

Abstract

Green finance is an effective means adopted by the Chinese government to reduce carbon emissions. Does the development of green finance in Chinese provinces reduce carbon emissions to a certain extent? This study selects panel data of various provinces and cities in China from 2003 to 2019. Based on the Hansen threshold regression model, an empirical analysis is conducted with economic growth and industrial structure as threshold variables to test the impact of green finance on carbon emissions. The results show that green finance increases the speed of carbon emission mitigation when PGDP is the threshold. Taking industrial structure as the threshold, the impact of green finance development on carbon emissions presents an inverted N shape. At the same time, it is found that green finance has become an important means to reduce carbon emissions in the eastern region, the impact of green finance on carbon emissions in the central region presents an inverted U shape, and the driving force of green finance on carbon emission reduction in the western region is weak. Furthermore, it is pointed out that improving the quality of green finance and enhancing the level of green finance empowered by science and technology are the keys to realizing sustainable green development.

Suggested Citation

  • Jiancheng Bai & Zhonglu Chen & Xiang Yan & Yueyan Zhang, 2022. "Research on the impact of green finance on carbon emissions: evidence from China," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 6965-6984, December.
    • Handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:6965-6984
    DOI: 10.1080/1331677X.2022.2054455
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1331677X.2022.2054455
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1331677X.2022.2054455?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhang, Guowei, 2023. "The heterogeneous role of green finance on industrial structure upgrading - Based on spatial spillover perspective," Finance Research Letters, Elsevier, vol. 58(PC).
    2. Yan, Xiang & Han, Zhiyong & Zou, Chen & Cheng, Changgao, 2024. "Assessing the role of emerging green technology transfer in sustainable development and identification of key regions in Yangtze River Delta region," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    3. Yu, Zhong, 2024. "Do natural resources promote carbon neutrality: The role of green finance," Resources Policy, Elsevier, vol. 88(C).
    4. Uche, Emmanuel & Ngepah, Nicholas & Cifuentes-Faura, Javier, 2023. "Upholding the green agenda of COP27 through publicly funded R&D on energy efficiencies, renewables, nuclear and power storage technologies," Technology in Society, Elsevier, vol. 75(C).
    5. Lee, Chien-Chiang & Wang, Fuhao & Chang, Yu-Fang, 2023. "Does green finance promote renewable energy? Evidence from China," Resources Policy, Elsevier, vol. 82(C).
    6. Qun He & Aijun Sun & Yu Hua, 2024. "Can Financial Agglomeration Development Reduce Carbon Emissions? Evidence from the Yangtze River Delta Region of China," Sustainability, MDPI, vol. 16(5), pages 1-22, February.
    7. Xuelian Li & Tinghui Lu & Jyh-Horng Lin & Ching-Hui Chang, 2024. "Insurer green financing for a supply chain under cap-and-trade regulation: a capped call contingent claim analysis," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
    8. Zhang, Lixia & Sun, Huaping & Pu, Tianlong & Sun, Hui & Chen, Zhenling, 2024. "Do green finance and hi-tech innovation facilitate sustainable development? Evidence from the Yangtze River Economic Belt," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 1430-1442.
    9. Rui Dong & Shengnan Wang & Muhammad Awais Baloch, 2024. "Do green finance and green innovation foster environmental sustainability in China? Evidence from a quantile autoregressive-distributed lag model," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(10), pages 25995-26017, October.
    10. Xin, Baogui & Jiang, Kai & Santibanez Gonzalez, Ernesto D.R., 2024. "The coevolution effect of central bank digital currency and green bonds on the net-zero economy," Energy Economics, Elsevier, vol. 134(C).
    11. Huang, Tianwei & Yang, Lei & Liu, Yufei & Liu, Haibing, 2023. "Dutch disease revisited: China's provincial data perspective with the role of green finance and technology peak," Resources Policy, Elsevier, vol. 83(C).
    12. 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.
    13. Leping Huang & Yuning Cao & Yingfu Zhu, 2023. "Is there any recovery power for economic growth from green finance? Evidence from OECD member countries," Economic Change and Restructuring, Springer, vol. 56(6), pages 3909-3926, December.
    14. Hodžić, Sabina & Šikić, Tanja Fatur & Dogan, Eyup, 2023. "Green environment in the EU countries: The role of financial inclusion, natural resources and energy intensity," Resources Policy, Elsevier, vol. 82(C).
    15. Xiao, Yi & Chen, Ke, 2024. "Green finance, natural resource dependence and environmental quality: Evidence from China," Resources Policy, Elsevier, vol. 92(C).

    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:taf:reroxx:v:35:y:2022:i:1:p:6965-6984. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rero .

    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.