The Effect of Green Finance on Energy Sustainable Development: A Case Study in China

Zhang, Bufan; Wang, Yifeng

doi:10.1080/1540496x.2019.1695595

Cited by 143 publications

(51 citation statements)

References 31 publications

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“…A positive impact of green finance on boosting green energy projects, mainly small-scale energy investments, was found by Sachs et al (2019). Zhang and Wang (2019) and Polzin and Sanders (2020) stated that green finance could help countries reach sustainable renewable energy development by attracting private investors and creating synergy among state and private sectors. Sarangi (2018) studied different aspects of green energy finance in India and found that the growth of the green energy financing market improves green projects, leading to a more significant contribution of green energy to India's total energy basket.…”

Section: Literature Reviewmentioning

confidence: 99%

Role of green finance in improving energy efficiency and renewable energy development

2022

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Section: Literature Reviewmentioning

confidence: 99%

Role of green finance in improving energy efficiency and renewable energy development

2022

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“…Numerous studies have been recently conducted in the field of GF worldwide [1,3,12,16,[21][22][23][24][25][26][27][28][29][30][31][32], and these studies are mostly centered on GF for sustainable economic development [23][24][25]31,32]; the impact of GF on Fintech [26]; GF trends and opportunities [3,16,22,28]; the environmental effect of GF reform and innovations [17,29]; GF development and sustainability [1,27,33,34]; GF standards and green bonds [21,30]; and GF and sustainable development [12,[35][36][37]. Besides this, a few studies have tried to identify the relationship between GF and the green economy [7,38]; GF, carbon intensity, and non-fossil energy consumption, as well as climate change mitigation in the context of N11, BRICS countries, and China [39,40]; and sustainability performance [19,41].…”

Section: Introductionmentioning

confidence: 99%

Factors Affecting the Sustainability Performance of Financial Institutions in Bangladesh: The Role of Green Finance

et al. 2021

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Despite the increasing popularity of green finance and sustainable investment in the field of Sustainable Development Goals (SDGs), very few studies have investigated the effect of green finance dimensions on the sustainable performance of banks. Therefore, this study attempts to examine the dimensions of green finance and their effects on the sustainability performance of financial institutions in developing economies such as Bangladesh. The study also depicts the level of green financing adoption among the banks and non-bank financial institutions in the country between 2015 and 2020. Considering the nature of the dataset, the structural equation modeling technique was employed in this study to fulfil the research objectives. Amongst banks and non-bank financial institutions, the study highlighted private commercial banks as being the highest contributor to green financing, accounting for 78.12% of the total green financing in Bangladesh. In addition, the empirical findings revealed that the dimensions of green finance are related to the economic, social, and environmental aspects of the SDGs. Furthermore, empirical findings indicated that the dimensions of green finance—social, economic, and environmental—have a strong positive effect on the sustainability performance of banks. The study also discovered that approximately 95% of bankers identify green financing as an essential element in the short- and long-term development of banking strategies in Bangladesh. Consequently, this study adds to the body of knowledge on green finance development and the sustainability performance of banks and financial institutions in emerging economies such as Bangladesh. Therefore, major managerial policy implications are discussed.

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“…At present, in the financial field, green finance has become an important direction of the development of the financial industry, which is of vital significance to promote the sustainable development of the economy (Fang and Lin, 2019a;He and Yan, 2020;Lee, 2020). Besides, from the perspective of the macro-economy, green finance is a powerful driving force to encourage the construction of ecological civilization and helps to optimize the energy structure and promote sustainable energy development (Zhang and Wang, 2019;Wang F. et al, 2021). Therefore, in the context of the new normal, how to promote the development of green finance has become an important issue (Jiao, 2017;Li and Tang, 2021).…”

Section: Introductionmentioning

confidence: 99%

Spatial differentiation and influencing factors of green finance development level in China

Zhou

Liu²,

Wang³

et al. 2022

Front. Environ. Sci.

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The entropy method measures the development level of green finance in 30 provinces and cities in China, and the spatial analysis method is used to describe the difference. Spatial pattern of the development level of green finance in China and empirically analyze the influencing factors of the development level of green finance. The results of the spatial econometric model show that the absolute difference in the development level of China’s green finance shows an overall increasing trend, and the relative difference shows a downward trend year by year. The level of financial development and environmental governance promote the development of green finance, while the level of economic growth and energy consumption inhibit the development of green finance. On this basis, we put forward countermeasures and suggestions from strengthening government functions and adjusting industrial structure according to economic growth, so as to promote the development of green finance in China.

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The Effect of Green Finance on Energy Sustainable Development: A Case Study in China

Cited by 143 publications

References 31 publications

Role of green finance in improving energy efficiency and renewable energy development

Role of green finance in improving energy efficiency and renewable energy development

Factors Affecting the Sustainability Performance of Financial Institutions in Bangladesh: The Role of Green Finance

Spatial differentiation and influencing factors of green finance development level in China

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