How does green finance strategy foster the green transition? Based on the perspective of provinces’ green total factor productivity

Zhongwen Xu and Yi Chen

Journal of Environmental Planning and Management, 2025, vol. 68, issue 7, 1599-1621

Abstract: China’s Green Finance (GF) policy has been making significant strides toward the transition from a resource-oriented society to one that is resource-conserving and environmentally sustainable. Policymakers are currently focused on increasing green output to facilitate the next stage of green financial growth. In this study, we use panel data from 30 Chinese provinces between 2011 and 2020 to empirically analyze GF’s effect on Green Total Factor Productivity (GTFP). Evidence reveals that GF has a significant positive effect on provincial GTFP by promoting investment in innovation and optimizing industrial structure. However, the positive impact of GF on GTFP can be mitigated by green technology innovation output, highlighting the need for collaborative strategies for GF policy implementation and technology advancement. Furthermore, with the expansion of fintech innovation, the reduction of carbon emissions, and the intensification of environmental regulation, the effect of GF on GTFP is even more pronounced.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/09640568.2023.2294689 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jenpmg:v:68:y:2025:i:7:p:1599-1621

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CJEP20

DOI: 10.1080/09640568.2023.2294689

Access Statistics for this article

Journal of Environmental Planning and Management is currently edited by Dr Neil Powe, Dr Ken Willis and George Bill Page

More articles in Journal of Environmental Planning and Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().