Green Finance Development and Carbon Emissions: Evidence from a Spatial Panel Data Analysis in China

被引:0
|
作者
Yang, Qianqian [1 ]
Ye, Zihan [2 ]
机构
[1] Zhejiang Univ Finance & Econ, Sch Finance, 18 Xueyuan St, Hangzhou 310018, Peoples R China
[2] Zhejiang Univ Technol, Sch Econ, 288 Liuhe Rd, Hangzhou 310023, Peoples R China
来源
关键词
green finance; carbon emissions; spatial correlation; green technology innovation; industrial structure upgrading; CORPORATE SOCIAL-RESPONSIBILITY; PERFORMANCE; CREDIT; RISK;
D O I
10.15244/pjoes/184642
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Green finance is a specialized financial institutional arrangement that has emerged in response to the increasingly severe pressure on resources and the environment. In this paper, we construct a comprehensive indicator system from the perspective of green financial services and adopt an improved entropy method to measure green finance development. Using the panel data of 30 provincial regions in China, we adopt a spatial econometric model to investigate the effect of green finance development on carbon emissions. The results show that the carbon emissions exhibit a positive spatial correlation among the provinces. Meanwhile, green finance development has a significant carbon emission reduction effect. Evidence from China's carbon emissions trading policy further confirms this effect. The relationship we found is consistent with two mechanisms: the technology effect of green technology innovation and the structural effect of industrial structure upgrading
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页数:20
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