Green bonds and carbon prices: a dynamic relationship revealed DOI
Kai‐Hua Wang, Shumei Li

Environment Development and Sustainability, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 10, 2024

Language: Английский

The impact of green finance on labor income share: Evidence from green finance reform and innovation pilot zone DOI
Bingnan Guo,

Weizhe Feng,

Ji Lin

et al.

Economic Analysis and Policy, Journal Year: 2024, Volume and Issue: 84, P. 1347 - 1358

Published: Oct. 24, 2024

Language: Английский

Citations

11

How does green finance policy affect firms' pro‐environmental mergers and acquisitions? DOI

Zhimin Yi,

Haiyue Liu, Yile Wang

et al.

Accounting and Finance, Journal Year: 2024, Volume and Issue: 64(5), P. 4723 - 4748

Published: Aug. 20, 2024

Abstract The study reveals that the Green Credit Guidelines significantly encourage firms' pro‐environmental mergers and acquisitions (M&As) among polluting industries, as evidenced by difference‐in‐differences estimations with Chinese listed firms (2004–2020). Three primary mechanisms include increased commercial credit financing, improvements within firm agencies, heightened scrutiny from external analysts. effect is more prominent in non‐state‐owned firms, a higher number of executives financial backgrounds, regions lower levels green development environmental regulations. Post‐M&A, acquiring demonstrate marked decrease governance expenses carbon emissions, alongside an improvement overall performance.

Language: Английский

Citations

3

Pathway to sustainable consumption and production: The role of climate-related development finance, digitalization, and financial development on material productivity and energy intensity of developing countries DOI
Ningning Liu, Dinkneh Gebre Borojo, Yushi Jiang

et al.

Energy & Environment, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 3, 2025

Improving material productivity (MP) and energy intensity (EI) is a crucial tool for sustainable consumption production targets of SDGs. However, the diverse effects climate-related development finance (CDF), digital infrastructure (DI), financial (FD) on MP EI in developing countries (DCs) remain underexplored. Therefore, employing method moments quantile regression (MMQR) approach, this study examines heterogeneous CDF, DI, FD across 87 DCs from 2000 to 2020. Also, CDF DI are explored, considering heterogeneity. The results imply that FD, have beneficial efficiency (EE). Specifically, with higher distribution benefit more coefficients rising 0.004 0.019 quantiles estimates increasing 0.224 0.391 medium quantile. Conversely, lower as indicated by ranging −0.017 −0.012 20th 80th −0.569 −0.233 40th 60th quantile, respectively. Besides, drive gain improvement. influenced variations FD. These findings vital implications prudent digitalization policies promote EE DCs, congruent SDG-7.3, SDG-8.4, SDG-12.2 improving resource management.

Language: Английский

Citations

0

Exploring the Role of Digital Economy in Reducing Natural Resource Dependence: An Empirical Study From Resource‐Based Cities in China DOI

Yuan-Qiao Yang,

Jianlong Wang, Yong Liu

et al.

Growth and Change, Journal Year: 2025, Volume and Issue: 56(2)

Published: April 29, 2025

ABSTRACT The potential of the digital economy to mitigate resource dependence by affecting industrial structure is a topic great significance for transformation resource‐based cities. This paper presents development index and employs data sourced from 102 Chinese cities 2011 2019 investigate impact on in findings this study can be summarized as follows: (1) has an inhibitory effect dependence. (2) By decomposing upgrading into rationalization advancement, it becomes evident that reduces facilitating advancement. (3) exerts more pronounced negative influence eastern central regions, thereby substantiating presence regional heterogeneity. elucidates extent which mitigates offers invaluable insights guiding

Language: Английский

Citations

0

The impact of green finance reform on industrial water pollution: Evidence from innovation pilot zones in China DOI

Weizhe Feng,

Bingnan Guo,

Yisha Yu

et al.

Water Economics and Policy, Journal Year: 2024, Volume and Issue: unknown

Published: Dec. 31, 2024

Taking advantage of green finance to achieve the synergistic growth in economy and ecology is a critical issue China’s modernization. This paper first constructs theoretical model including sector illustrate reduction effect on Industrial Water Pollution (IWP). Then, through panel data 265 prefecture-level cities China, we construct multi-period difference-in-differences evaluate Green Finance Reform Innovation Pilot Zones (GFRIPZ) IWP its mechanism channels. The findings show that: (1) GFRIPZ significantly suppresses IWP. conclusion still holds after multiple robustness checks. (2) Mechanism analyses reveal that can reduce by promoting technological innovation. Additionally, this strengthened as market-oriented reforms deepen. (3) Heterogeneity indicate that, compared central-western non-resource-based regions, non-provincial-border cities, stronger eastern resource-based regions provincial-border cities. provides new evidence understand finance.

Language: Английский

Citations

3

Unlocking Green Patterns: The Local and Spatial Impacts of Green Finance on Urban Green Total Factor Productivity DOI Open Access

Jiyou Xiang,

Linfang Tan, Da Gao

et al.

Sustainability, Journal Year: 2024, Volume and Issue: 16(18), P. 8005 - 8005

Published: Sept. 13, 2024

The urgency of global climate change and environmental degradation has become increasingly apparent, green finance, as a pioneering financial tool, is providing critical support to unlock regional patterns. Based on the data China’s prefecture level from 2010 2021, this study examines causal relationship mechanism finance (GF) urban total factor productivity (GTFP) using spatial Durbin model. results show following: (1) Green can not only improve local GTFP, but also spillover effect, it still valid after robustness test, which means that development GF significantly promote transformation. (2) effect are more obvious in coastal developed areas. (3) After deconstructing transformation, paper finds improving energy utilization efficiency, mitigating capital mismatch degree, enhancing new quality important impact channels for enhance GTFP. These conclusions provide theoretical reference help with construction high-quality “Double Cycle” pattern, low-carbon This application value provides experience other developing countries seek transformation perspective practice.

Language: Английский

Citations

1

Frontier technology readiness and mineral resources utilization effect on load capacity factor: Mediating function of fintech indicators DOI
Ying Han, Liwen Sun

Resources Policy, Journal Year: 2024, Volume and Issue: 98, P. 105334 - 105334

Published: Oct. 10, 2024

Language: Английский

Citations

1

Green bonds and carbon prices: a dynamic relationship revealed DOI
Kai‐Hua Wang, Shumei Li

Environment Development and Sustainability, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 10, 2024

Language: Английский

Citations

0