Abstract:Reducing carbon emissions is a major concern for China's future. This paper explores the embodied carbon footprint of Chinese final demand from the point of view of industries. It uses the Matrix Transformation Technique (MTT) to update the input-output table series from 1992 to 2020 in China. Then, we measure the embodied carbon emissions for the period 1992-2020 from 29 industry producers to the final demand, covering urban and rural residential consumption, government consumption, fixed capital formation, and net exports. The results show that construction, other services, wholesale, retail trade, accommodation and catering, industrial machinery and equipment, transport, storage and postal services, and manufacture of foods and tobacco are the industries with the greatest carbon emissions from producers, while fixed capital formation and urban consumption are the largest emitters from the perspective of final demand. The embodied carbon emission multipliers for most of the industries are decreasing, while the total carbon emissions are increasing each year. The ratio of emissions from residential consumption in terms of total emissions is decreasing. Each industry has a different main final demand-driven influencing factor on emission and, for each type of final demand, there are different industries with higher emissions.

Abstract:In response to the call of the Chinese government to support low-carbon development, the issue has come to the view gradually as to whether the behaviors of banks' green credit will contribute to easing their own credit risk. To reflect the behaviors of green credit of banks in detail, an indicator, named the carbon intensity of loans (CIL), is first proposed in this paper to measure the carbon emissions with association of the loans for commercial banks, on basis of the series of the input-output table. Then, a panel data model is used to explore the relationship between CIL and non-performing loan ratio, which measures the credit risk of banks. Based on the data of China's commercial banks from 2007 to 2014, an empirical study has been conducted to investigate the impacts of CIL upon the non-performing loan ratio from a microscopic-level perspective. The result indicates that CIL has a positive effect on the non-performing loan ratio of banks. Since CIL is considered a significant indicator for the banks' green credit, this paper comes to a conclusion that the green credit policy not only contributes to achieving of the emission-reduction targets for the society, but also promotes the development of banks' credit risk.

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