How does green fiscal policy promote the synergy of pollution mitigation and carbon reduction? Evidence from China

Bangzhu Zhu, Gang Chen and Ping Wang

Energy, 2024, vol. 313, issue C

Abstract: This study constructs a comprehensive analysis model, utilizing data from Chinese provinces from 2014 to 2021 as the sample to explore how green fiscal policy (GFP) influences the synergy of pollution mitigation and carbon reduction (SPMCR). We collect data on multiple pollutants and greenhouse gas emissions and utilize a composite system model to assess the SMPCR in various regions of China. The findings show that green fiscal policy has significantly contributed to fostering the SPMCR. Industrial upgrading, green innovation, and energy optimization are effective channels for green fiscal policy to achieve SPMCR. Green fiscal policy is more conducive to promoting SPMCR in China's eastern and central regions, demonstrating a gradient of “east > central > west”. Environmental regulation and green fiscal policy synergistically promote SPMCR, with the positive impact of green fiscal policy being more pronounced in regions with stringent environmental regulations. The green fiscal policy presents more positive nonlinear effects on SPMCR when the level of green finance and informatization is higher. After a series of rigorous robustness tests, the main findings are consistent and reliable. In addition, we provide policy recommendations for developing countries to promote pollution and carbon reduction, thus fostering sustainable development.

Keywords: Synergy of pollution mitigation and carbon reduction; Green fiscal policy; Synergy assessment model; Mechanism analysis (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544224034789
Full text for ScienceDirect subscribers only

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:eee:energy:v:313:y:2024:i:c:s0360544224034789

DOI: 10.1016/j.energy.2024.133700

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().