The impact of green finance on carbon emission efficiency

被引：11
|
作者：
Wu, Gongliang [1 ,3 ]
Liu, Xu [1 ,3 ]
Cai, Yueling [2 ]
机构：
[1] Zhejiang Univ Technol, Sch Econ, Hangzhou, Peoples R China
[2] Zhejiang Sci Tech Univ, Sch Econ & Management, Hangzhou, Peoples R China
[3] Zhejiang Univ Technol, Inst Ind Syst Modernizat, Hangzhou, Peoples R China
来源：
HELIYON | 2024年 / 10卷 / 01期
关键词：
Green finance; Carbon emission efficiency; Sensitivity analysis; LSTM model; Random forest model;
D O I：
10.1016/j.heliyon.2023.e23803
中图分类号：
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号：
07 ; 0710 ; 09 ;
摘要：
Green finance plays a pivotal role in guiding and incentivizing private capital to invest in lowcarbon industries and initiatives. This study utilizes data of Chinese cities from 2006 to 2022 to investigate the influence of green finance on carbon emission efficiency. The results show that green finance significantly contributes to enhancing carbon emission efficiency. The impact of green finance on carbon emission efficiency is subject to a dual threshold effect, which depends on the level of regional economic development. Regional innovation emerges as a vital channel through which green finance influences carbon emission efficacy. Moreover, the sensitivity of carbon emission efficiency to the green finance index shows an inverted U-shaped trend. Green support is most significant in green finance sub-dimensions. These findings provide valuable theoretical support for the role of green finance in fostering carbon efficiency improvement and provide essential insights for formulating effective policy strategies.
引用
收藏
页数：18
相关论文
共 50 条
  • [21] Impact of green finance on green energy efficiency: A pathway to sustainable development in China
    Zhao, Xingqi
    Zeng, Boya
    Zhao, Xueshu
    Zeng, Sheng
    Jiang, Songyu
    [J]. JOURNAL OF CLEANER PRODUCTION, 2024, 450
  • [22] The impact of green finance and local regulations on industrial green innovation efficiency in China
    YiHan Xia
    LuYi Luo
    KaiWen Ji
    Chao Huang
    Fei Wan
    ZhiGang Wang
    [J]. Environmental Science and Pollution Research, 2024, 31 : 1980 - 1994
  • [23] The impact of geopolitical risk, institutional governance and green finance on attaining net-zero carbon emission
    Hunjra, Ahmed Imran
    Azam, Muhammad
    Verhoeven, Peter
    Taskin, Dilvin
    Dai, Jiapeng
    [J]. JOURNAL OF ENVIRONMENTAL MANAGEMENT, 2024, 359
  • [24] Pilot policies for low-carbon cities in China: a study of the impact on green finance development and energy carbon efficiency
    Gao, Jiazhan
    Hua, Guihong
    Huo, Baofeng
    Randhawa, AbidAli
    Li, Zilian
    [J]. CLIMATE POLICY, 2024,
  • [25] Study on the Impact of Carbon Emission Trading Pilot on Green Land Use Efficiency in Cities
    Xu, Luyao
    Sun, Hui
    [J]. LAND, 2024, 13 (04)
  • [26] The impact of green financial policies on carbon emission efficiency: empirical evidence from China
    Lei, Zhonghao
    Wang, Dongmei
    [J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2023, 30 (38) : 89521 - 89534
  • [27] Impact of green finance on China's pollution reduction and carbon efficiency: Based on the spatial panel model
    Li, Yuantian
    Xu, Yingming
    [J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2024, 94
  • [28] Impact of government support on firm carbon emission efficiency: The transmission channel of green innovation
    Jin, Jie
    Wang, Fan
    [J]. FINANCE RESEARCH LETTERS, 2024, 68
  • [29] The impact of green technology innovation on carbon emission efficiency: The intermediary role of intellectual capital
    Liao, Tailai
    Yan, Jingdong
    Zhang, Qiuhong
    [J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2024, 92 : 520 - 532
  • [30] The impact of green financial policies on carbon emission efficiency: empirical evidence from China
    Zhonghao Lei
    Dongmei Wang
    [J]. Environmental Science and Pollution Research, 2023, 30 : 89521 - 89534
12345