Will Green Finance Become a New Driving Force for Environmental Governance in The Post-Covid-19 Era: Evidence from China

Siyu Ren and Mingyue Du ()
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Siyu Ren: Nankai University, China
Mingyue Du: Beijing Technology and Business University, China

Bulletin of Monetary Economics and Banking, 2024, vol. 27, issue 1, 151-166

Abstract: Green finance stimulus plan has become an important tool for environmental governance in the post-COVID-19 era. This paper investigates the emission reduction effect and impact mechanism of green finance (GF). The empirical results indicate that GF reduces environmental pollution. This reduction effect is attributed to a promotion in green innovation and industrial upgrading. The emission reduction effect of GF reflects the threshold characteristics. Specifically, stricter environmental regulation increases the inhibitory effect of GF on pollution.

Keywords: Green finance; Environmental pollution; COVID-19 (search for similar items in EconPapers)
JEL-codes: G18 G32 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:27:y:2024:i:1g:p:151-166

DOI: 10.59091/2460-9196.2229

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