Study on high energy-consuming industrial agglomeration, green finance, and carbon emission

Hou, Hui; Chen, Minna; Zhang, Minghao

doi:10.1007/s11356-022-24228-6

Cited by 13 publications

(5 citation statements)

References 66 publications

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“…Frontiers in Environmental Science frontiersin.org support green projects such as environmental protection industry and clean energy by reducing financing costs, relaxing quota restrictions and increasing financial leverage, thus promoting environmental protection transformation and technological upgrading of enterprises and reducing carbon emissions. However, some scholars hold the opposite view, such as Huang and Tian (2023), Kant et al (2021) and Hou et al (2022), indicating that the development of green finance may increase carbon dioxide emissions by expanding the production scale of enterprises and promoting consumption. In addition, the existing research has not reached an agreement on whether the environmental regulatory tools have the effect of carbon emission reduction, and the "strong Porter hypothesis" and "weak Porter hypothesis" coexist.…”

Section: Research On the Relationship Between Green Finance Environme...mentioning

confidence: 99%

Impact on green finance and environmental regulation on carbon emissions: evidence from China

Guo,

Yang,

Shen

et al. 2024

Front. Environ. Sci.

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Introduction: Achieving peak carbon dioxide emissions and carbon neutrality is an extensive and profound systematic economic and social change. Through market-oriented financial means, green finance has moved forward the effective governance port, curbed polluting investment and promoted technological progress such as green low-carbon, energy conservation and environmental protection, which has become a powerful starting point to support the practice of low-carbon development.Methods: Based on the panel data of 30 provinces in China (except Tibet, Hongkong, Macau and Taiwan Province) from 2004 to 2021, this paper calculates the development level of green finance in China provinces by using entropy weight method, and on this basis, uses mathematical statistical model to verify the impact of green finance and its sub-dimensions on carbon emissions and the regulatory effect of heterogeneous environmental regulation tools.Results: The results show that the development of green finance has a significant inhibitory effect on carbon emissions during the investigation period, and there is a time lag effect. After a series of robustness tests and considering endogenous problems, this conclusion still holds. From the results of heterogeneity analysis, the carbon emission reduction effect of green credit is the most obvious, and the impact of green finance on carbon emission is slightly different in different regions. Besides, Command-controlled environmental regulation tools and public participation environmental regulation tools play a positive regulatory role in the transmission path of green finance’s impact on carbon emissions, but market-driven environmental regulation tools cannot effectively enhance the carbon emission reduction effect of green finance development.Discussion: The research results of this paper provide a basis for the government to formulate flexible, accurate, reasonable and appropriate green financial policies, help to strengthen the exchange and cooperation between regions in reducing carbon and fixing carbon, and actively and steadily promote China’s goal of “peak carbon dioxide emissions, carbon neutrality”.

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Section: Research On the Relationship Between Green Finance Environme...mentioning

confidence: 99%

Impact on green finance and environmental regulation on carbon emissions: evidence from China

Guo,

Yang,

Shen

et al. 2024

Front. Environ. Sci.

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“…Cities highly dependent on energy consumption are regulated by green finance policies and faced with great pressure to transform their economic structure. Some local energy-intensive enterprises choose to reduce their production or withdraw from the local market, leading to the decrease in the scale of energy-intensive industries and energy consumption intensity in cities (Hou et al, 2022). In addition, consumers voluntarily choose low-carbon lifestyles under the influence of the green financial policies, which accelerate the decline of urban energy consumption from the demand side.…”

Section: Mechanism Analysismentioning

confidence: 99%

The impact of Green Financial Policies on Carbon Emission Efficiency: Empirical Evidence from China

Lei

Wang

2023

Preprint

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Given the release of China's green financial policy, this paper constructs a quasi-natural experiment to investigate the impact of such policy on urban carbon emission efficiency and its impact mechanism. In 2016, seven ministries including the People's Bank of China jointly issued the Guidance on Building A Green Financial System, a milestone of the establishment of a more comprehensive green financial policy system in China. However, it is not a straight determinant of improved efficiency of carbon emissions. Based on the empirical panel data of 283 prefecture-level cities from 2011–2020, we adopted a DID model to examine the effect of green financial policies on urban carbon emission efficiency, where the treatment and control groups were divided according to their degrees of dependence on energy as influenced by green financial policies. The results indicated that green financial policies significantly and sustainably improved the carbon efficiency in these cities. Our mechanism further revealed that such improvement was achieved by technological innovation, accelerated industrial restructuring, and reduced energy consumption.

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“…This article selects Yunnan Province as the empirical research object, because Yunnan Province, as a resource rich province in China, not only has a large quantity of resources, but also a variety of types. Moreover, Yunnan's economic development belongs to underdeveloped areas, and its economic operation is still dominated by high energy consuming industries [6]. This economic development model is very representative, making it easy to extend the model to other provinces.…”

Section: Accounting and Eci (Environmental Comprehensive Index) Analy...mentioning

confidence: 99%

Green GDP Accounting and Green Economic Efficiency Analysis in Yunnan Province under the Double Carbon Background: Based on the Three-Stage DEA-Malmquist Model

Liu

2023

IJGEM

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In the efforts to practice the dual carbon national strategic objectives under the premise, this paper takes Yunnan Province as the research object, firstly constructed the green GDP evaluation index system, on this basis, the use of entropy method to calculate the green GDP value and ECI index of Yunnan Province, the development of Yunnan Province on the economy and resources and environment between each other was briefly studied; then through the above data to further select the green economic efficiency input-output index application of three-stage DEA-Malmquist model of green total factor productivity in Yunnan Province to calculate and analyze, obtain the five-year green economic efficiency level of Yunnan Province; finally through a large number of data analysis of technical progress index is the most important factor affecting the green economic efficiency of Yunnan Province, and give appropriate countermeasures and suggestions.

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Study on high energy-consuming industrial agglomeration, green finance, and carbon emission

Cited by 13 publications

References 66 publications

Impact on green finance and environmental regulation on carbon emissions: evidence from China

Impact on green finance and environmental regulation on carbon emissions: evidence from China

The impact of Green Financial Policies on Carbon Emission Efficiency: Empirical Evidence from China

Green GDP Accounting and Green Economic Efficiency Analysis in Yunnan Province under the Double Carbon Background: Based on the Three-Stage DEA-Malmquist Model

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