The integration of green finance and logistics: implications for green industry transformation
Green finance (GF), as a critical policy tool for supporting green development, plays a pivotal role in directing capital flows toward low-carbon and environmentally friendly industries. This provides essential support for the green transformation (GT) of the logistics industry (LI). However, limite...
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Frontiers Media S.A.
2025-05-01
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| Series: | Frontiers in Environmental Science |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2025.1556580/full |
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| author | Ling Dai Decai Tang Eugene Ray Atsi Meiling Zhao Hui Zhang Yuehong Kong Liang Zhang |
| author_facet | Ling Dai Decai Tang Eugene Ray Atsi Meiling Zhao Hui Zhang Yuehong Kong Liang Zhang |
| author_sort | Ling Dai |
| collection | DOAJ |
| description | Green finance (GF), as a critical policy tool for supporting green development, plays a pivotal role in directing capital flows toward low-carbon and environmentally friendly industries. This provides essential support for the green transformation (GT) of the logistics industry (LI). However, limited research exists on the regional GT of the LI from the perspective of GF and LI integration. To address this gap, this study develops an evaluation index system for the integration of GF and the LI, as well as a separate system for assessing the GT of the LI. Using panel data from 30 Chinese provinces spanning 2010 to 2022, the study employs the Super-SBM-Undesirable model and the coupling coordination degree model for evaluation and analysis. Additionally, a threshold effect model is applied to examine the nonlinear relationship between GF-LI integration and the GT of the LI, alongside a heterogeneity analysis to explore regional disparities. The findings reveal three key insights: (1) In recent years, the integration of GF and the LI in China has significantly improved, advancing from a mildly imbalanced stage to moderate and high levels of coordination. However, significant regional disparities in the level of integration persist. (2) The integration of GF and the LI has a significant positive effect on the GT of the regional LI, characterized by an S-shaped relationship. (3) The impact of GF-LI integration on the GT of the LI exhibits notable regional heterogeneity. Compared with existing research results, this study expands the application scope of GF, focusing on the GT of the LI, a fundamental service industry, and further verifies the universality of GF in promoting low-carbon devel-opment in different industries. In addition, current research on the GT of the LI mainly focuses on technological innovation, environmental regulation, and supply chain optimization, while there is less attention paid to how GF can promote the GT of the LI through industrial integration. |
| format | Article |
| id | doaj-art-140d9b04dbc54e5ca18ad4b2c7ca5088 |
| institution | Kabale University |
| issn | 2296-665X |
| language | English |
| publishDate | 2025-05-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj-art-140d9b04dbc54e5ca18ad4b2c7ca50882025-08-20T03:53:13ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2025-05-011310.3389/fenvs.2025.15565801556580The integration of green finance and logistics: implications for green industry transformationLing Dai0Decai Tang1Eugene Ray Atsi2Meiling Zhao3Hui Zhang4Yuehong Kong5Liang Zhang6Business School, Hohai University, Nanjing, ChinaSchool of Industry and Urban Construction, Hengxing University, Qingdao, ChinaSchool of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing, ChinaJiangsu Trendy Information Technology Co., Ltd., Nanjing, ChinaJiangsu Trendy Information Technology Co., Ltd., Nanjing, ChinaSchool of Finance and Logistics Management, Nanjing University of Railway Technology, Nanjing, ChinaSchool of Business and Law, Sanjiang University, Nanjing, ChinaGreen finance (GF), as a critical policy tool for supporting green development, plays a pivotal role in directing capital flows toward low-carbon and environmentally friendly industries. This provides essential support for the green transformation (GT) of the logistics industry (LI). However, limited research exists on the regional GT of the LI from the perspective of GF and LI integration. To address this gap, this study develops an evaluation index system for the integration of GF and the LI, as well as a separate system for assessing the GT of the LI. Using panel data from 30 Chinese provinces spanning 2010 to 2022, the study employs the Super-SBM-Undesirable model and the coupling coordination degree model for evaluation and analysis. Additionally, a threshold effect model is applied to examine the nonlinear relationship between GF-LI integration and the GT of the LI, alongside a heterogeneity analysis to explore regional disparities. The findings reveal three key insights: (1) In recent years, the integration of GF and the LI in China has significantly improved, advancing from a mildly imbalanced stage to moderate and high levels of coordination. However, significant regional disparities in the level of integration persist. (2) The integration of GF and the LI has a significant positive effect on the GT of the regional LI, characterized by an S-shaped relationship. (3) The impact of GF-LI integration on the GT of the LI exhibits notable regional heterogeneity. Compared with existing research results, this study expands the application scope of GF, focusing on the GT of the LI, a fundamental service industry, and further verifies the universality of GF in promoting low-carbon devel-opment in different industries. In addition, current research on the GT of the LI mainly focuses on technological innovation, environmental regulation, and supply chain optimization, while there is less attention paid to how GF can promote the GT of the LI through industrial integration.https://www.frontiersin.org/articles/10.3389/fenvs.2025.1556580/fullgreen transformation of the logistics industrygreen financeindustrial integrationS-shaped relationshiplogistics |
| spellingShingle | Ling Dai Decai Tang Eugene Ray Atsi Meiling Zhao Hui Zhang Yuehong Kong Liang Zhang The integration of green finance and logistics: implications for green industry transformation Frontiers in Environmental Science green transformation of the logistics industry green finance industrial integration S-shaped relationship logistics |
| title | The integration of green finance and logistics: implications for green industry transformation |
| title_full | The integration of green finance and logistics: implications for green industry transformation |
| title_fullStr | The integration of green finance and logistics: implications for green industry transformation |
| title_full_unstemmed | The integration of green finance and logistics: implications for green industry transformation |
| title_short | The integration of green finance and logistics: implications for green industry transformation |
| title_sort | integration of green finance and logistics implications for green industry transformation |
| topic | green transformation of the logistics industry green finance industrial integration S-shaped relationship logistics |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2025.1556580/full |
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