Green finance and micro-zone level carbon emissions

Peng Lu, Ziwei Wang and Yibo Liu

Finance Research Letters, 2025, vol. 79, issue C

Abstract: We examine the impact of green finance on carbon emissions across urban, suburban, and rural zones via the geographic information system. We investigate that green finance only reduces carbon emissions in urban centers, with its effect varying across degrees of urbanization classifications (DUCs). Considering residual correlation among DUCs, we reveal that green finance facilitates transferring carbon emissions from urban to suburban zones. With the spatial weight matrix for emissions and the IV-GMM approach, we demonstrate that carbon emissions display spatial spillover effects within a city. Green finance may contribute to the relocation of emissions from urban centers to suburban zones.

Keywords: Carbon emission; Green finance; Urban–rural zones; Spatial reallocation (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325005252

DOI: 10.1016/j.frl.2025.107262

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