China’s pilot free trade zone and green high-quality development: an empirical study from the perspective of green finance

Chang, Yanjun; Wang, Shuai

doi:10.1007/s11356-023-28729-w

Cited by 5 publications

(1 citation statement)

References 46 publications

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“…This has brought new opportunities for comprehensively promoting the high-quality development of enterprises. Another example is that Chang and Wang (Chang and Wang, 2023) conducted an analysis of the carbon market's influence on green-balanced development and put forward that China's carbon emission trading system has notably enhanced the state of green-balanced development. Meanwhile, it additionally advances the alignment between environmentally conscious economic growth and equity in the environmental domain, offering a viable route encompassing both efficiency and fairness for the pursuit of green development.…”

Section: Effectiveness Of Carbon Emission Trading Pilot Policymentioning

confidence: 99%

Collaborative integration or policy diversification: the influence of policy synergy on regional green development

Chang,

Wang

2023

Front. Environ. Sci.

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Enhancing the green and high-quality development of urban in China and exploring the synergistic effects of multiple policy implementations is the key to effectively playing the leading role of policies. To explore the synergistic effects and driving mechanisms of dual policies on regional green development, this study selected panel data from 30 provinces in China from 2008 to 2020. Employing Multi-period difference-in-differences and Mediation effects models, the research systematically explores the synergistic effects of these dual-pilot policies on urban green and high-quality development. The findings of this study reveal a significant improvement in the level of urban green development under the influence of the dual-pilot policy. After conducting a series of rigorous tests for robustness, this conclusion remains valid. This improvement is primarily attributed to the stimulation of technological innovation capabilities and the optimization of industrial structures within the cities. Compared to the carbon emissions trading city single pilot and free trade zone city single pilot, the dual pilot effect of carbon emissions trading and free trade zone city is stronger. The carbon emissions trading city pilot and free trade zone city pilot have a synergistic effect on regional green and high-quality development. This research provides valuable theoretical insights to guide the planning of pilot cities, facilitating the realization of both high-quality economic development and sustainability objectives.

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Section: Effectiveness Of Carbon Emission Trading Pilot Policymentioning

confidence: 99%

Collaborative integration or policy diversification: the influence of policy synergy on regional green development

Chang,

Wang

2023

Front. Environ. Sci.

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Unlocking sustainability potential: The impact of green finance reform on corporate ESG performance

Gao,

Zhou,

Wan

2024

Corp Soc Responsibility Env

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Improving the incentive mechanism and institutional framework of green finance policy is important to promote the synchronization of environmental management and enterprise development. Based on China's green finance reform and innovation pilot (GFRIP) policy in 2017, this study constructs a quasi‐natural experiment with a sample of A‐share listed companies and draws the following conclusions. (1) The effectiveness of GFRIP policy in significantly promoting enterprises' ESG performance in pilot areas, robustness tests such as propensity score matching and placebo tests reconfirm conclusions. (2) The GFRIP policy can effectively improve enterprise ESG performance by easing financing constraints, promoting green investment, and improving managers' green cognition. (3) Both external environmental law enforcement and internal manager environmental awareness can enhance the promotion effect of the GFRIP policy on ESG performance. (4) Heterogeneity analysis shows that the ESG performance of state‐owned enterprises, large enterprises, and high‐polluting enterprises is more affected by pilot policy. The results of the study provide a valuable perspective on how the government can promote green finance policies and implications for enterprises' sustainable development.

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Can institutional opening-up promote green development in cities? Evidence from China's Pilot Free Trade Zones

Ling,

Peng,

Peng

2024

Journal of Cleaner Production

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China’s pilot free trade zone and green high-quality development: an empirical study from the perspective of green finance

Cited by 5 publications

References 46 publications

Collaborative integration or policy diversification: the influence of policy synergy on regional green development

Collaborative integration or policy diversification: the influence of policy synergy on regional green development

Unlocking sustainability potential: The impact of green finance reform on corporate ESG performance

Can institutional opening-up promote green development in cities? Evidence from China's Pilot Free Trade Zones

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