The effects of green finance, environmental tax and industrial ecologicalization towards carbon neutrality targets in China: evidence from autoregressive distributed lag-error correction model

Duyun Peng (), Xiaoyu Liu () and Koji Shimada ()
Additional contact information
Duyun Peng: Jiangxi University of Finance and Economics
Xiaoyu Liu: Jiangxi University of Finance and Economics
Koji Shimada: Ritsumeikan University

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2024, vol. 26, issue 10, No 68, 26237-26261

Abstract: Abstract A quite efficient tool to tackle climate change is green finance. By applying autoregressive distributed lag-error correction model to analyze 2011–2019 provincial data in China, this study investigated how green finance influences carbon neutrality targets, while taking considerations of industrial ecologicalization and environmental tax to thoroughly analyze interactions in the long term as well as the short term. Research outcomes indicated that, throughout the research period, green finance had greatly improved and that the measuring system was appropriate. The outcomes also demonstrated that the error correction coefficient matches the predicted adverse effect. While long-term reductions in carbon emissions per capita were significantly impacted by green finance and industrial ecologicalization. The short-term estimation’s findings, nevertheless, confirmed that environmental taxes considerably reduced carbon emissions per capita. However, it was shown that environmental taxes had a negligible long-term impact on air pollution emissions. Meanwhile, green finance and industry ecologicalization showed a significant short-term impact.

Keywords: Carbon neutrality; Green finance; Environmental tax; Industrial ecologicalization; The autoregressive distributed lag-error correction model; Air pollutant emissions (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10668-023-03726-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:endesu:v:26:y:2024:i:10:d:10.1007_s10668-023-03726-8

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10668

DOI: 10.1007/s10668-023-03726-8

Access Statistics for this article

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development is currently edited by Luc Hens

More articles in Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().