Resolving China's Energy Trilemma: The Role of Green Finance Reform Pilot Zones in Driving Spatial Environmental Efficiency DOI
Xingqi Zhao, Songyu Jiang

Published: Jan. 1, 2024

Addressing the urgent need to resolve energy trilemma—balancing security, equity, and environmental sustainability—is pivotal for global economy's transition towards green development. This study investigates role of financial policy (GFP) in enhancing efficiency across Chinese cities from 2006 2021, utilizing a spatial double-difference (SDID) model. Results indicate significant enhancement within 500-kilometre radius due GFP, attributed optimizations industrial structure, reductions consumption, advancements innovation, strengthened regulations. The further explores GFP's capacity address trilemma by improving through mechanism testing heterogeneity analysis. It highlights necessity city-specific applications, providing nuanced insights policymakers, entities, corporations committed sustainable paper acknowledges certain limitations calls in-depth future research on comprehensive impact, thereby advancing discourse finance's potential mitigate challenges.

Language: Английский

Resolving China's Energy Trilemma: The Role of Green Finance Reform Pilot Zones in Driving Spatial Environmental Efficiency DOI
Xingqi Zhao, Songyu Jiang

Published: Jan. 1, 2024

Addressing the urgent need to resolve energy trilemma—balancing security, equity, and environmental sustainability—is pivotal for global economy's transition towards green development. This study investigates role of financial policy (GFP) in enhancing efficiency across Chinese cities from 2006 2021, utilizing a spatial double-difference (SDID) model. Results indicate significant enhancement within 500-kilometre radius due GFP, attributed optimizations industrial structure, reductions consumption, advancements innovation, strengthened regulations. The further explores GFP's capacity address trilemma by improving through mechanism testing heterogeneity analysis. It highlights necessity city-specific applications, providing nuanced insights policymakers, entities, corporations committed sustainable paper acknowledges certain limitations calls in-depth future research on comprehensive impact, thereby advancing discourse finance's potential mitigate challenges.

Language: Английский

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