Impact of green credit on high-efficiency utilization of energy in China considering environmental constraints

Malin Song, Qianjiao Xie and Zhiyang Shen

Energy Policy, 2021, vol. 153, issue C

Abstract: Maintaining steady economic growth while considering environmental protection and achieving high-efficiency energy utilization is a challenge that China is' increasingly facing in the new normal. This study employs the super-efficiency data envelopment analysis and spatial econometric model to analyze energy utilization efficiency against the backdrop of environmental constraints. It uses China's inter-provincial panel data from 2007 to 2017 to examine the impact of green finance on high-efficiency utilization of energy. China's energy efficiency utilization shows an upward trend overall, but the utilization level is low. Energy efficiency utilization levels in the east, middle, and west show a declining gradient change. Green credit, credit scale, environmental regulation, technological progress, and industrial structure have a significant role in promoting high-efficiency utilization of energy. China's regional high-efficiency utilization of energy has an apparent spatial effect. Green credit, environmental regulation, technological progress, and industrial structure have a certain influence on the regional high-efficiency utilization of energy, but the influence of the credit scale is not apparent. Therefore, from the perspective of environmental constraints, green credit has a positive impact on high-efficiency utilization of energy in China.

Keywords: Green finance; Environmental regulation; High-efficiency energy utilization; Spatial effect (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (106)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:153:y:2021:i:c:s0301421521001361

DOI: 10.1016/j.enpol.2021.112267

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