Role of green finance and regional environmental efficiency in China

Ziwei Zhang, Hu Fu, Shiqi Xie, Javier Cifuentes-Faura and Bobur Urinov

Renewable Energy, 2023, vol. 214, issue C, 407-415

Abstract: High-quality green finance development and environmental efficiency are made possible through economic growth. This study examines the factors affecting investments in green finance and regional environmental efficiency in China from 2008 to 2020, using the GMM model. Results show that green financing positively impacts energy usage restructuring at the national level. However, the impact is limited, despite positive coefficients between financial growth, energy prices, and energy usage patterns. In the central area, green financial development benefits energy usage structure, while in the eastern region, economic and industrial development have little effect. The study provides strategic recommendations for China's green funding to support the adaptation of energy use structures.

Keywords: Green finance; Environmental efficiency; Economic development; China; Energy usage (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:214:y:2023:i:c:p:407-415

DOI: 10.1016/j.renene.2023.05.076

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