The impact of access to credit on energy efficiency

Jun Zhou, Zhichao Yin and Pengpeng Yue

Finance Research Letters, 2023, vol. 51, issue C

Abstract: This paper proposes a brand-new measure of energy efficiency at household level and explores how it is affected by access to credit. We calculate the energy and carbon intensity of the related sectors, which experience a substantial decline from 2005 to 2019. Although there is still high inequality in energy use and carbon emissions among Chinese households, the energy efficiency appears to be improved in long run. Our research further maps the relationship between financial market and energy. The results suggest that broadened access to credit encourages households to improve energy efficiency, with higher energy use and carbon emission.

Keywords: Financial markets; Consumer lifestyle approach; Indirect energy use; Energy efficiency; Carbon neutrality; Emission peak (search for similar items in EconPapers)
JEL-codes: D12 G51 O13 P18 P28 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:51:y:2023:i:c:s1544612322006481

DOI: 10.1016/j.frl.2022.103472

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