Identifying the nexus among green investment, economic restructuring and carbon emission: Evidence from provinces in China
With the advancement of green finance, green investment plays a crucial role in conserving energy and reducing emissions. Using panel data from 30 Chinese provinces from 2004 to 2020, this paper constructs a two-way fixed effect model and empirically analyzes the link between green investment, econo...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2025-12-01
|
| Series: | Sustainable Futures |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188825006227 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | With the advancement of green finance, green investment plays a crucial role in conserving energy and reducing emissions. Using panel data from 30 Chinese provinces from 2004 to 2020, this paper constructs a two-way fixed effect model and empirically analyzes the link between green investment, economic restructuring, and carbon emission. Our research finds: Firstly, the impact of green investment on carbon emission can be decomposed into the effects of “increasing production” and “improving efficiency”. The combination of these effects results in an inverted U-shaped relationship between the two. Secondly, heterogeneity tests show that the effect of green investment on carbon emission is more significant in central and underdeveloped regions. Thirdly, industrial structure, energy structure, as well as population structure, moderate the relationship between green investment and carbon emission. Finally, the mechanism analysis indicates that green technological innovation plays a significant mediating role, with substantive green innovation having a stronger effect than strategic green innovation. In the context of green finance, our research offers empirical evidence as well as policy insights for curbing carbon emissions. |
|---|---|
| ISSN: | 2666-1888 |