EconPapers    
Economics at your fingertips  
 

The Road to Carbon Neutrality: How Does Green Finance Clustering Affect Total Factor Carbon Productivity in China

Shikuan Zhao (), Xuemeng Liu () and Faten Moussa ()
Additional contact information
Shikuan Zhao: Chongqing University
Xuemeng Liu: Chengdu University of Technology
Faten Moussa: South Mediterranean University

Chapter Chapter 18 in The Palgrave Handbook of Green Finance for Sustainable Development, 2024, pp 509-533 from Palgrave Macmillan

Abstract: Abstract The significance of green finance (GF) has grown as its ideas and practices have advanced and matured. It now plays a crucial role as a financial catalyst for promoting sustainable development and reducing carbon emissions. However, the imbalance of green finance clustering (GFC) at the geospatial level in China has become more and more prominent, and there is a lack of research on the impact of GFC on total factor carbon productivity (TFCP). Therefore, the objective of this study is to address this research gap by using panel data from 30 provinces in China during the period of 2007–2018 in order to investigate the impact of the GFC on TFCP. The results of the analysis demonstrate a significant enhancement of GFC on TFCP. Secondly, our basic conclusion still holds after a series of robustness tests and addressing endogenous issues. Thirdly, the positive effect of green security clustering on TFCP is most obvious, followed by green investment clustering and green credit clustering. At last, the impact of GFC on TFCP exhibits nonlinear characteristics, influenced by factors such as energy efficiency, green innovation, and energy consumption. Building upon these findings, this paper puts forth policy recommendations aimed at elevating the GFC level to enhance TFCP, thereby facilitating the achievement of carbon neutrality.

Keywords: Carbon neutrality; Total factor carbon productivity; Green finance clustering; Heterogeneity analysis; Nonlinear effects; China (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:psifcp:978-3-031-65756-6_18

Ordering information: This item can be ordered from
http://www.palgrave.com/9783031657566

DOI: 10.1007/978-3-031-65756-6_18

Access Statistics for this chapter

More chapters in Palgrave Studies in Impact Finance from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-31
Handle: RePEc:pal:psifcp:978-3-031-65756-6_18