 Role of green finance policy in renewable energy deployment for carbon neutrality: Evidence from ChinaYunpeng Sun, Weimin Guan, Yuning Cao and Qun Bao Renewable Energy, 2022, vol. 197, issue C, 643-653 Abstract: Carbon emission is not just a threat to the environment but also an economic burden. Faced with the growing pollutant emission, the purpose of financial institutions is more crucial. To address this issue, this research employs difference-in-differences to assess the role of China's green financing policy in renewable energy deployment for emission reduction. The findings demonstrate that the green finance strategy in renewable energy can reduce the general situation of emission reduction. The results show that the policy was effective in lower three contaminants, including Sulfur dioxide, Nitrogen dioxides, and PM2.5, but are inadequate in reducing Carbon monoxide, Ozone, and PM10. Besides, the control impacts of green finance policy are via local enterprises' economic activities. Compared with the financially advanced areas, the reducing emissions impacts of green financing policies in the financially undeveloped areas are greater. These results give recommendations for controlling air quality financial advantage from the standpoint of micro practice. Keywords: Air pollution; Green finance; Difference-in-differences; China; Renewable energy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:197:y:2022:i:c:p:643-653 DOI: 10.1016/j.renene.2022.07.164 Access Statistics for this article Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides More articles in Renewable Energy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.