Research on the impact of green finance on carbon emissions: evidence from China

Jiancheng Bai, Zhonglu Chen, Xiang Yan and Yueyan Zhang

Economic Research-Ekonomska Istraživanja, 2022, vol. 35, issue 1, 6965-6984

Abstract: Green finance is an effective means adopted by the Chinese government to reduce carbon emissions. Does the development of green finance in Chinese provinces reduce carbon emissions to a certain extent? This study selects panel data of various provinces and cities in China from 2003 to 2019. Based on the Hansen threshold regression model, an empirical analysis is conducted with economic growth and industrial structure as threshold variables to test the impact of green finance on carbon emissions. The results show that green finance increases the speed of carbon emission mitigation when PGDP is the threshold. Taking industrial structure as the threshold, the impact of green finance development on carbon emissions presents an inverted N shape. At the same time, it is found that green finance has become an important means to reduce carbon emissions in the eastern region, the impact of green finance on carbon emissions in the central region presents an inverted U shape, and the driving force of green finance on carbon emission reduction in the western region is weak. Furthermore, it is pointed out that improving the quality of green finance and enhancing the level of green finance empowered by science and technology are the keys to realizing sustainable green development.

Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
http://hdl.handle.net/10.1080/1331677X.2022.2054455 (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:reroxx:v:35:y:2022:i:1:p:6965-6984

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rero20

DOI: 10.1080/1331677X.2022.2054455

Access Statistics for this article

Economic Research-Ekonomska Istraživanja is currently edited by Marinko Skare

More articles in Economic Research-Ekonomska Istraživanja from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().