Nexus between Green Finance and Renewable Energy Development in China

Emerging Markets Finance and Trade, Journal Year: 2022, Volume and Issue: 59(4), P. 1205 - 1218

Published: Sept. 27, 2022

Renewable energy development is essential to structure transition and environmental emission reduction, promoting renewable via green financial instruments has been an effective approach attain the objective of carbon neutrality in China. This research explores bi-directional cointegration relationship between finance by adopting provincial data China from 2005 2018. Results indicate a long-run comovement exist development. appears eastern central provinces China, but absent for western provinces. The pooled mean group estimators show that cannot promote short run, whereas it does so long run both Our presents implications emerging economies initiate design measures.

Language: Английский

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The impact of digital transformation on corporate financialization: The mediating effect of green technology innovation

Innovation and Green Development, Journal Year: 2023, Volume and Issue: 2(1), P. 100032 - 100032

Published: Jan. 20, 2023

Language: Английский

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Digital transformation, financing constraints, and corporate environmental, social, and governance performance

Corporate Social Responsibility and Environmental Management, Journal Year: 2023, Volume and Issue: 30(6), P. 3189 - 3202

Published: June 12, 2023

Abstract Digital transformation is globally pervasive, and exploring how it can shape enterprises' sustainable development significant. Using the panel data of 710 listed corporates in China from 2011 to 2020, this paper empirically investigates impact digital on corporate Environmental, Social Governance (ESG) performance with fixed effect model SYS‐GMM method. The results indicate that significantly improves ESG performance, especially environmental social performance. A looser financing constraint (FC) environment will make improvements more visible. Among low FCs, private corporates, non‐technical has a noticeable improving by easing FCs. Our research presents implications for policymakers business decision‐makers achieve alignment between digitalization sustainability.

Language: Английский

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Enterprise digital transformation and ESG performance

Finance research letters, Journal Year: 2023, Volume and Issue: 58, P. 104692 - 104692

Published: Nov. 7, 2023

Language: Английский

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Extreme climate, innovative ability and energy efficiency

Energy Economics, Journal Year: 2023, Volume and Issue: 120, P. 106586 - 106586

Published: Feb. 23, 2023

Language: Английский

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Volatility spillover and hedging strategies between the European carbon emissions and energy markets

Energy Strategy Reviews, Journal Year: 2023, Volume and Issue: 46, P. 101058 - 101058

Published: Jan. 26, 2023

Much attention has been paid to the complex risk transmission between carbon and energy markets along with increasing global financial market integration. This research thus uses DCC-MVGARCH model spillover index method investigate volatility linkages European emissions markets. The results make it clear that there are indeed correlations bidirectional effects for above two In particular, dramatically change when economic turbulence political events occur. Apart from strongest correlation coal markets, effect renewable is gradually increasing. role of also changing: net information recipient becomes a transmitter phase II IV. Therefore, our findings provide investors flexible portfolio strategies by making full use dynamic gives decision-making basis regulators improve market's management mechanism. It means should pay close potential sources. Further policy recommendations put forward in conclusion section.

Language: Английский

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Green innovation, natural extreme events, and energy transition: Evidence from Asia-Pacific economies

Energy Economics, Journal Year: 2023, Volume and Issue: 121, P. 106638 - 106638

Published: March 24, 2023

Language: Английский

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Nexus between greenhouse gas emissions and its determinants: The role of renewable energy and technological innovations towards green development in South Korea

Innovation and Green Development, Journal Year: 2023, Volume and Issue: 2(3), P. 100066 - 100066

Published: May 3, 2023

The environmental challenges that have arisen as a result of rapid economic growth become hindrance to social progress. This article examines the effects energy consumption, urbanization, industrialization, development, and technological innovations on South Korea's greenhouse gas (GHG) emissions. Using data from 1990 2021 autoregressive distributed lag (ARDL) method for empirical investigations, findings indicate fossil fuel expansion all pose threat sustainability due their positive impact GHG In contrast, results suggest renewable usage improve by reducing emissions in both short long term. addition, were validated using Fully Modified Ordinary Least Squares (FMOLS), Dynamic (DOLS), Canonical Cointegration Regression (CCR) techniques. most significant contribution is this study provide various policy recommendations achieving net zero Korea.

Language: Английский

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Green finance, environment regulation, and industrial green transformation for corporate social responsibility

Corporate Social Responsibility and Environmental Management, Journal Year: 2023, Volume and Issue: 30(5), P. 2166 - 2181

Published: March 10, 2023

Abstract In order to meet the strategic goals of carbon peak and neutralization on schedule, it is crucial examine effects limitations green finance transformation industry. This research utilizes entropy method, Global Malmquist–Luenberger technique, panel data 30 provinces in China from 2005 2018 estimate extent industrial development each province. It builds static dynamic models experimentally effect transformation. After introducing environmental regulation (ER), this paper presents how ER influences link between The finds following. (1) According geographical differences growth transformation, economically developed east region more advanced than central west regions, region. (2) Green has a significantly positive impact influence certain continuity inertia. (3) Environmental favorable transformation; specifically, rise level stimulates process that boosts policy recommendations herein offer reference for construction China's financial system promotion CSR.

Language: Английский

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Impact of digital transformation on performance of environment, social, and governance: Empirical evidence from China

Business Ethics the Environment & Responsibility, Journal Year: 2023, Volume and Issue: 32(4), P. 1373 - 1388

Published: July 12, 2023

Abstract This research empirically investigates the static and dynamic impacts of firms' digital transformation on environmental, social, governance (ESG) performance by employing data listed Chinese companies from 2011 to 2020 via estimations propensity score matching difference in differences. First, we find that does some good improve ESG, which is confirmed after conducting several robustness tests. Second, benefits three aspects ESG (environmental performance, social responsibility, governance), its impact dynamic, promote two years reform. Third, not constant among different firms. Specifically, transformation's stronger firms located western or central regions China those polluting competitive industries, as well non‐stated‐owned enterprises.

Language: Английский

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