Positive impacts of green finance on environmental protection investment: Evidence from green finance reform and innovations pilot zone DOI Creative Commons

Zhao Cheng,

Chengcheng Zhu

Heliyon, Journal Year: 2024, Volume and Issue: 10(13), P. e33714 - e33714

Published: June 28, 2024

After long-term development, the global economic level has improved significantly, but environmental issues generated by early extensive development seriously threaten survival of human beings. China, in particular, urgently needs to promote sustainable through green finance policies. For this reason, paper regards 2017 eight pilot zones five provinces for reform and innovations (GFRIs) as a quasi-natural experiment, explores whether it can encourage investment protection heavily polluting enterprises using difference-in-differences-in-differences (DDD) model. The finds that: First, GFRIs bolster heavy enterprises. results remain consistent after several robustness checks, covering placebo test, PSM-DID test so on. Second, mechanism tests find that policy promotes alleviating financing constraints cutting costs. Third, heterogeneity analysis shows promotion effect on is more pronounced with higher percentages secondary industry GDP, large-scale enterprises, better ESG management. This demonstrates beneficial influence promoting transformation provides suggestions improvement such

Language: Английский

Empowering sustainable development: The crucial nexus of green fintech and green finance in Luxembourg’s banking sector DOI Open Access

Mariam Sohail,

Soha Khan,

Ahsan Akbar

et al.

Journal of Infrastructure Policy and Development, Journal Year: 2024, Volume and Issue: 8(7), P. 4979 - 4979

Published: July 22, 2024

Luxembourg institutions have the opportunity to reconcile environmental goals with financial stability by implementing Green Fintech solutions, as banking sector increasingly recognizes importance of sustainability. This study employs a quantitative approach and analyzes data collected from 150 participants working in industry Luxembourg. The research aims assess consequences adopting on sustainable development. Banking can boost their resilience mitigate climate-related risks Fintech, which improves paper emphasizes for advancing development goals. To effectively address complex concerns, it is crucial embrace innovative Fintechs.

Language: Английский

Citations

5

The impact of green finance on economic growth: Evidence from the green finance reform and innovation pilot zone DOI
Changfei Nie,

Yujie Yao,

Yuan Feng

et al.

American Journal of Economics and Sociology, Journal Year: 2024, Volume and Issue: 83(4), P. 709 - 736

Published: April 15, 2024

Abstract This study examines the impact and its mechanisms of green finance on economic growth by using reform innovation pilot zone (GFRIPZ) as a quasi‐natural experiment. Based panel data 30 provinces in China from 2011 to 2019, we employ difference‐in‐differences (DID) model find that GFRIPZ's construction has positive effect growth, resulting real GDP 2.2% zones. Mechanism analysis shows GFRIPZ policy promotes stimulating technological increasing fiscal expenditures. Further, moderating result reveals more powerful environmental regulation, better policy. Additionally, heterogeneity indicates can contribute accelerating Zhejiang, Jiangxi Xinjiang. Our findings provide latest empirical evidence well cross‐references for policymakers scientifically execute monetary policies effectively balance development growth.

Language: Английский

Citations

4

Influence of fintech, natural resources, and energy transition on environmental degradation of BRICS countries: Moderating role of human capital DOI

Xiaoli Liao,

Hafizah Mat Nawi, Pham Hoang An

et al.

Resources Policy, Journal Year: 2024, Volume and Issue: 92, P. 105022 - 105022

Published: May 1, 2024

Language: Английский

Citations

4

Systematic literature review and bibliometric analysis of green finance and renewable energy development DOI
Siti Nurain Muhmad,

Sadia Cheema,

Akmalia Mohamad Ariff

et al.

Sustainable Development, Journal Year: 2024, Volume and Issue: unknown

Published: June 19, 2024

Abstract Climate change poses a significant threat to ecosystems, the economy, human health, and livelihoods worldwide. Hence, it is imperative establish international collaboration among governments corporations effectively address climate through reduction of emissions preservation environment. This study aims examine deliberate on publications green finance initiatives renewable energy development. conducts systematic literature review meticulous bibliometric analysis that examines 128 scientific papers from 2010 2023 development urgent need for sustainable solutions in fight against change. The shows increase annual publications, revealing growth global interest with high‐impact journals playing vital role publishing research outputs. Furthermore, China country most holding commanding position. Another finding an academic perspective, United States also heavily engaged confirms positive relationship between development, there have companies accelerate energy. findings emphasize importance further collaborations harness potential sustainable, low‐carbon future.

Language: Английский

Citations

4

Positive impacts of green finance on environmental protection investment: Evidence from green finance reform and innovations pilot zone DOI Creative Commons

Zhao Cheng,

Chengcheng Zhu

Heliyon, Journal Year: 2024, Volume and Issue: 10(13), P. e33714 - e33714

Published: June 28, 2024

After long-term development, the global economic level has improved significantly, but environmental issues generated by early extensive development seriously threaten survival of human beings. China, in particular, urgently needs to promote sustainable through green finance policies. For this reason, paper regards 2017 eight pilot zones five provinces for reform and innovations (GFRIs) as a quasi-natural experiment, explores whether it can encourage investment protection heavily polluting enterprises using difference-in-differences-in-differences (DDD) model. The finds that: First, GFRIs bolster heavy enterprises. results remain consistent after several robustness checks, covering placebo test, PSM-DID test so on. Second, mechanism tests find that policy promotes alleviating financing constraints cutting costs. Third, heterogeneity analysis shows promotion effect on is more pronounced with higher percentages secondary industry GDP, large-scale enterprises, better ESG management. This demonstrates beneficial influence promoting transformation provides suggestions improvement such

Language: Английский

Citations

4