Abstract
AbstractBased on an analysis of the relationship between green finance and total factor carbon emission reduction efficiency, this article measures the levels of green finance and total factor carbon emission reduction efficiency in 30 provinces and cities in China. It also establishes a spatial Durbin model to quantitatively explore the impact of green finance on China’s total factor carbon emission reduction efficiency. The results indicate that currently, green finance and total factor carbon emission reduction efficiency in China follow a distribution pattern of high in the east, medium in the central region, and low in the west. The impact of green finance on total factor carbon emission reduction efficiency demonstrates a U-shaped relationship, and the spatial spillover effect between the two displays a similar U-shaped trend. The mechanism analysis demonstrates that green finance exerts a U-shaped influence on the efficiency of reducing total factor carbon emissions through the interplay of technological progress and technical efficiency enhancements. Other variables, such as research and development investment, comprehensive energy consumption, human capital, infrastructure construction, and government regulation, also have an impact on total factor carbon emission reduction efficiency. Therefore, it is recommended that regions strengthen their green finance initiatives, support efforts to carbon emission reduction, and contribute towards achieving the “dual-carbon” goal.
Funder
This research was supported by the National Social Science Foundation of Chin
Publisher
Springer Science and Business Media LLC
Subject
Health, Toxicology and Mutagenesis,Pollution,Environmental Chemistry,General Medicine
Reference35 articles.
1. Acheampong AO (2019) Modelling for insight: does financial development improve environmental quality[J]. Energy Econ 83:156–179
2. Chenggang L (2023) The impact of green finance on high-quality economic development [J]. Journal of Zhongnan University of Economics and Law 257(2):65–77
3. Chengliang Y, Tao L, Wei L (2016) Financial development, innovation, and carbon dioxide emissions [J]. Financial Research 1:14–30
4. Chunhong Z et al (2011) Productivity growth and environmental regulations - accounting for undesirable outputs: analysis of China’s thirty provincial regions using the Malmquist–Luenberger index[J]. Ecol Econ 70(12):2369–2379
5. Chunxia Y, Hailun J (2022) Environmental regulation, financial agglomeration, and green economic growth: an analysis based on spatial metrology and threshold effect models [J]. Financial Theory Research 01:1122
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献