Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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Does Green Finance Influence Regional Carbon Emission Intensity? Evidence from China

Authors
Mintianrui Ye1, *
1School of Financial Management, Shanghai University of International Business and Economics, Shanghai, 200000, China
*Corresponding author. Email: 19068027@suibe.edu.cn
Corresponding Author
Mintianrui Ye
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_124How to use a DOI?
Keywords
Green Finance; Carbon Emission Intensity; Empirical analysis
Abstract

Green finance is crucial to mitigate carbon emission intensity. However, the existing researches barely consider its practical effect and the transmission mechanism. Using sample data of 30 provinces in China for the periods 2016–2019, this paper incorporates a comprehensive index system and more accurate amounts of carbon emissions into measuring green finance and carbon emission intensity. Based on that, the research constructs the OLS regression model and fixed-effect model to analyze the carbon reduction effect of green finance from two aspects: whole and regional. The empirical results demonstrate that green finance has an overall significant influence on abating carbon emissions in China. Additionally, green finance in pilot zones for green finance reform and innovations lessens carbon emissions intensity more visibly than that in non-pilot areas. The study finds that the establishment of the pilot zones arouses local government’s concern about the reform of green finance and promotes more effective implementation of green finance policies. In addition, compared with western and central economic regions, the development of green finance in eastern economic areas has a higher correlation with the curb of carbon emissions. Hence, green finance’s actual impact on carbon reduction is related to regional characteristics, especially economic conditions. These findings are essential for policy-makers to cut down on carbon emissions at the local level.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_124
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_124How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Mintianrui Ye
PY  - 2022
DA  - 2022/12/27
TI  - Does Green Finance Influence Regional Carbon Emission Intensity? Evidence from China
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 1104
EP  - 1115
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_124
DO  - 10.2991/978-94-6463-052-7_124
ID  - Ye2022
ER  -