Green finance, green technology innovation, and carbon emission reduction
Green finance, as a financial innovation tool that integrates finance and environmental protection, has become a crucial means of achieving carbon emission reduction. Based on panel data from 334 prefecture-level cities in China from 2000 to 2021, a two-way fixed effects model was constructed to emp...
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| Main Authors: | , , , |
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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/adc905 |
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| _version_ | 1850184348468248576 |
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| author | Xing Xiong Wenhong He Sirong Chen Yuhang Wu |
| author_facet | Xing Xiong Wenhong He Sirong Chen Yuhang Wu |
| author_sort | Xing Xiong |
| collection | DOAJ |
| description | Green finance, as a financial innovation tool that integrates finance and environmental protection, has become a crucial means of achieving carbon emission reduction. Based on panel data from 334 prefecture-level cities in China from 2000 to 2021, a two-way fixed effects model was constructed to empirically analyze the impact and mechanism of green finance on carbon emission reduction. The main findings are as follows: First, green finance significantly reduces carbon emission intensity; second, green technology innovation plays a mediating role in the impact of green finance on carbon emission intensity; third, green finance has the strongest effect in reducing direct greenhouse gas emissions; fourth, green investment and green bonds have the most substantial effect on reducing carbon emissions, while the direct effect of green equity on reducing carbon emission intensity is not significant. Therefore, to enhance the level of green finance, it is necessary to accelerate the development of green finance and actively build a synergistic development system between green finance and related technological innovations. |
| format | Article |
| id | doaj-art-b84bc9c5f945483b956d327dce4bf8a6 |
| institution | OA Journals |
| issn | 2515-7620 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | IOP Publishing |
| record_format | Article |
| series | Environmental Research Communications |
| spelling | doaj-art-b84bc9c5f945483b956d327dce4bf8a62025-08-20T02:17:04ZengIOP PublishingEnvironmental Research Communications2515-76202025-01-017404501810.1088/2515-7620/adc905Green finance, green technology innovation, and carbon emission reductionXing Xiong0https://orcid.org/0000-0002-9173-2527Wenhong He1Sirong Chen2Yuhang Wu3Institute For Chengdu-Chongging Economic Zone Development, Chongqing Technology and Business University , Chongqing, People’s Republic of China; School of Economics, Chongqing Technology and Business University , Chongqing, People’s Republic of China; Center for Southeast Asian Studies, Chongqing Technology and Business University , Chongqing, People’s Republic of ChinaInstitute For Chengdu-Chongging Economic Zone Development, Chongqing Technology and Business University , Chongqing, People’s Republic of ChinaInstitute For Chengdu-Chongging Economic Zone Development, Chongqing Technology and Business University , Chongqing, People’s Republic of ChinaInstitute For Chengdu-Chongging Economic Zone Development, Chongqing Technology and Business University , Chongqing, People’s Republic of ChinaGreen finance, as a financial innovation tool that integrates finance and environmental protection, has become a crucial means of achieving carbon emission reduction. Based on panel data from 334 prefecture-level cities in China from 2000 to 2021, a two-way fixed effects model was constructed to empirically analyze the impact and mechanism of green finance on carbon emission reduction. The main findings are as follows: First, green finance significantly reduces carbon emission intensity; second, green technology innovation plays a mediating role in the impact of green finance on carbon emission intensity; third, green finance has the strongest effect in reducing direct greenhouse gas emissions; fourth, green investment and green bonds have the most substantial effect on reducing carbon emissions, while the direct effect of green equity on reducing carbon emission intensity is not significant. Therefore, to enhance the level of green finance, it is necessary to accelerate the development of green finance and actively build a synergistic development system between green finance and related technological innovations.https://doi.org/10.1088/2515-7620/adc905green financegreen technology innovationcarbon emission intensity |
| spellingShingle | Xing Xiong Wenhong He Sirong Chen Yuhang Wu Green finance, green technology innovation, and carbon emission reduction Environmental Research Communications green finance green technology innovation carbon emission intensity |
| title | Green finance, green technology innovation, and carbon emission reduction |
| title_full | Green finance, green technology innovation, and carbon emission reduction |
| title_fullStr | Green finance, green technology innovation, and carbon emission reduction |
| title_full_unstemmed | Green finance, green technology innovation, and carbon emission reduction |
| title_short | Green finance, green technology innovation, and carbon emission reduction |
| title_sort | green finance green technology innovation and carbon emission reduction |
| topic | green finance green technology innovation carbon emission intensity |
| url | https://doi.org/10.1088/2515-7620/adc905 |
| work_keys_str_mv | AT xingxiong greenfinancegreentechnologyinnovationandcarbonemissionreduction AT wenhonghe greenfinancegreentechnologyinnovationandcarbonemissionreduction AT sirongchen greenfinancegreentechnologyinnovationandcarbonemissionreduction AT yuhangwu greenfinancegreentechnologyinnovationandcarbonemissionreduction |