Does economic agglomeration reduce CO2 emissions? The role of green innovation and financial development in Chinese cities
Economic agglomeration ( EA ), a core feature of urbanization in developing countries, presents both opportunities and challenges for achieving carbon reduction targets. We employ the fixed-effects panel models for 270 prefecture-level cities in China, between 2006 and 2019, to examine how EA affect...
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| Format: | Article |
| Language: | English |
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IOP Publishing
2025-01-01
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| Series: | Environmental Research Communications |
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| Online Access: | https://doi.org/10.1088/2515-7620/ade36c |
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| author | Si Zhang Jing Zhou Sher Khan Marian Suplata |
| author_facet | Si Zhang Jing Zhou Sher Khan Marian Suplata |
| author_sort | Si Zhang |
| collection | DOAJ |
| description | Economic agglomeration ( EA ), a core feature of urbanization in developing countries, presents both opportunities and challenges for achieving carbon reduction targets. We employ the fixed-effects panel models for 270 prefecture-level cities in China, between 2006 and 2019, to examine how EA affects CO _2 emissions in developing contexts. We find the following results: (1) EA can decrease the overall emissions of Chinese prefecture-level cities and facilitate them to meet their carbon emission reduction targets. (2) Green technology innovation and financial development mediate the emission reduction effects of EA . (3) Heterogeneity analysis shows that EA significantly reduces emissions in eastern and central cities but not in western regions. The impact is more pronounced in cities of large and high economic development, and substantially greater in low-carbon pilot cities compared to non-pilot cities. Our findings provide empirical evidence for policymakers in developing countries to concert EA and low-carbon emissions through green innovation and financial development. |
| format | Article |
| id | doaj-art-a07dc543ffd34a20b75e81a2bd217d32 |
| institution | Kabale University |
| issn | 2515-7620 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | IOP Publishing |
| record_format | Article |
| series | Environmental Research Communications |
| spelling | doaj-art-a07dc543ffd34a20b75e81a2bd217d322025-08-20T03:31:19ZengIOP PublishingEnvironmental Research Communications2515-76202025-01-017606502410.1088/2515-7620/ade36cDoes economic agglomeration reduce CO2 emissions? The role of green innovation and financial development in Chinese citiesSi Zhang0https://orcid.org/0000-0001-7910-2779Jing Zhou1Sher Khan2https://orcid.org/0000-0003-2497-4400Marian Suplata3Business School, Xiangtan University , Xiangtan, People’s Republic of ChinaBusiness School, Xiangtan University , Xiangtan, People’s Republic of ChinaInstitute of Business and Management Sciences, The University of Agriculture Peshawar , Pakistan; Department of International Management, Faculty of Management, Comenius University Bratislava , Bratislava, SlovakiaDepartment of International Management, Faculty of Management, Comenius University Bratislava , Bratislava, SlovakiaEconomic agglomeration ( EA ), a core feature of urbanization in developing countries, presents both opportunities and challenges for achieving carbon reduction targets. We employ the fixed-effects panel models for 270 prefecture-level cities in China, between 2006 and 2019, to examine how EA affects CO _2 emissions in developing contexts. We find the following results: (1) EA can decrease the overall emissions of Chinese prefecture-level cities and facilitate them to meet their carbon emission reduction targets. (2) Green technology innovation and financial development mediate the emission reduction effects of EA . (3) Heterogeneity analysis shows that EA significantly reduces emissions in eastern and central cities but not in western regions. The impact is more pronounced in cities of large and high economic development, and substantially greater in low-carbon pilot cities compared to non-pilot cities. Our findings provide empirical evidence for policymakers in developing countries to concert EA and low-carbon emissions through green innovation and financial development.https://doi.org/10.1088/2515-7620/ade36ceconomic agglomerationCO2 emissionsintermediary effectgreen technology innovationfinancial development |
| spellingShingle | Si Zhang Jing Zhou Sher Khan Marian Suplata Does economic agglomeration reduce CO2 emissions? The role of green innovation and financial development in Chinese cities Environmental Research Communications economic agglomeration CO2 emissions intermediary effect green technology innovation financial development |
| title | Does economic agglomeration reduce CO2 emissions? The role of green innovation and financial development in Chinese cities |
| title_full | Does economic agglomeration reduce CO2 emissions? The role of green innovation and financial development in Chinese cities |
| title_fullStr | Does economic agglomeration reduce CO2 emissions? The role of green innovation and financial development in Chinese cities |
| title_full_unstemmed | Does economic agglomeration reduce CO2 emissions? The role of green innovation and financial development in Chinese cities |
| title_short | Does economic agglomeration reduce CO2 emissions? The role of green innovation and financial development in Chinese cities |
| title_sort | does economic agglomeration reduce co2 emissions the role of green innovation and financial development in chinese cities |
| topic | economic agglomeration CO2 emissions intermediary effect green technology innovation financial development |
| url | https://doi.org/10.1088/2515-7620/ade36c |
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