Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

The Threshold Effect of Clean Energy Development on Carbon Dioxide Emission

From the Perspective of Financial Scale

Authors
Guangzheng Wu1, a,*, , Chencong Zhang2, b, *,
1Auburn university, United States of American. Bachelor of Science in Computer Science. Nanchang, Jiangxi, China.
2Queen Mary University of London, Corporate finance faculty, London, The United Kingdom

These authors contributed equally.

*Corresponding author. Email: aczz0048@auburn.edu
Corresponding Authors
Guangzheng Wu, Chencong Zhang
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.217How to use a DOI?
Keywords
Green Energy; Carbon Dioxide; Energy-Resource Structure; Threshold Effect Model; Financial scale
Abstract

Based on the panel data of 30 provinces in China from 2014 to 2019, this paper tests the impact of the development of clean energy industry on carbon dioxide emission from the perspective of financial scale, and uses the threshold model to analyze the threshold effect of clean energy development on carbon dioxide emission. Empirical research shows that the development of clean energy promotes the reduction of total carbon dioxide emissions, and the impact of carbon dioxide emissions in regions with different financial scales on the ratio of clean energy to traditional energy is heterogeneous. From a regional perspective, there are regional differences in the impact of clean energy development on carbon dioxide emissions in different regions, which is reflected in the division of high clean energy production areas and low clean energy production areas according to the clean energy capacity of different regions. The impact of clean energy development on carbon dioxide emission reduction in low clean energy production areas is more significant. On the contrary, the impact of clean energy development on carbon dioxide emission reduction in high clean energy production areas are not obvious. According to the current differences in the production and use of clean energy between the East and the west of China, formulate clean energy development policies according to local conditions, improve the incentive mechanism of relevant policies, increase the proportion of clean energy in the total domestic energy consumption, advocate the development of green and low-carbon economy, and put forward relevant suggestions to relevant national departments on developing clean energy and reducing carbon dioxide emissions, Give full play to the role of clean energy in reducing carbon dioxide emissions and promoting economic development.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.217How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Guangzheng Wu
AU  - Chencong Zhang
PY  - 2022
DA  - 2022/03/26
TI  - The Threshold Effect of Clean Energy Development on Carbon Dioxide Emission
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1319
EP  - 1325
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.217
DO  - 10.2991/aebmr.k.220307.217
ID  - Wu2022
ER  -