Has carbon finance been able to promote clean energy development? — a low-carbon technology innovation perspective
In recent years, with the increasing attention to global warming, low-carbon development has become a global requirement, which has attracted widespread attention from scholars and policymakers around the world. Therefore, this study explores the evolution of spatio-temporal dynamics and heterogenei...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2025-07-01
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| Series: | Frontiers in Environmental Science |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2025.1528983/full |
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| author | Rui Cui Yuanyuan Hao Yifei Jiang Haonan Zhang Shuang Lv |
| author_facet | Rui Cui Yuanyuan Hao Yifei Jiang Haonan Zhang Shuang Lv |
| author_sort | Rui Cui |
| collection | DOAJ |
| description | In recent years, with the increasing attention to global warming, low-carbon development has become a global requirement, which has attracted widespread attention from scholars and policymakers around the world. Therefore, this study explores the evolution of spatio-temporal dynamics and heterogeneity of the impact of carbon finance on clean energy development using spatial econometric modelling based on panel data from 30 provinces in China from 2010–2023, and also further explores the role of low-carbon technological innovations in this promotion process. It is found that carbon finance significantly promotes clean energy development, but this contribution decreases with the intervention of low-carbon technology innovation. Secondly, when considering government intervention and market-driven conditions, both amplify the positive impact of carbon finance on the development of clean energy, and the impact of carbon finance varies in different regions. Finally, considering the existence of spatial and regional heterogeneity, carbon finance has the largest impact among the eastern regions, the lowest among the central regions, and the second largest among the western regions. These facts indicate how carbon finance can be an effective means to support the development of clean energy in China. Therefore, in promoting the deep convergence of both carbon finance and clean energy, this study provides theoretical support for rising emerging developing economies such as China. |
| format | Article |
| id | doaj-art-ff4dcb3fdb2a476bb9794861ea556ad7 |
| institution | Kabale University |
| issn | 2296-665X |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj-art-ff4dcb3fdb2a476bb9794861ea556ad72025-08-20T03:30:04ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2025-07-011310.3389/fenvs.2025.15289831528983Has carbon finance been able to promote clean energy development? — a low-carbon technology innovation perspectiveRui Cui0Yuanyuan Hao1Yifei Jiang2Haonan Zhang3Shuang Lv4School of Economics, Jiangsu University of Technology, Changzhou, ChinaSchool of Economics, Jiangsu University of Technology, Changzhou, ChinaSchool of Economics, Jiangsu University of Technology, Changzhou, ChinaFaculty of Hospitality and Tourism Management, Macau University of Science and Technology, Taipa, Macao SAR, ChinaSchool of Economics and Management, Nanjing Tech University, Nanjing, ChinaIn recent years, with the increasing attention to global warming, low-carbon development has become a global requirement, which has attracted widespread attention from scholars and policymakers around the world. Therefore, this study explores the evolution of spatio-temporal dynamics and heterogeneity of the impact of carbon finance on clean energy development using spatial econometric modelling based on panel data from 30 provinces in China from 2010–2023, and also further explores the role of low-carbon technological innovations in this promotion process. It is found that carbon finance significantly promotes clean energy development, but this contribution decreases with the intervention of low-carbon technology innovation. Secondly, when considering government intervention and market-driven conditions, both amplify the positive impact of carbon finance on the development of clean energy, and the impact of carbon finance varies in different regions. Finally, considering the existence of spatial and regional heterogeneity, carbon finance has the largest impact among the eastern regions, the lowest among the central regions, and the second largest among the western regions. These facts indicate how carbon finance can be an effective means to support the development of clean energy in China. Therefore, in promoting the deep convergence of both carbon finance and clean energy, this study provides theoretical support for rising emerging developing economies such as China.https://www.frontiersin.org/articles/10.3389/fenvs.2025.1528983/fullcarbon financeclean energy developmentlow-carbon technology innovationspatial econometric modelmediated effect |
| spellingShingle | Rui Cui Yuanyuan Hao Yifei Jiang Haonan Zhang Shuang Lv Has carbon finance been able to promote clean energy development? — a low-carbon technology innovation perspective Frontiers in Environmental Science carbon finance clean energy development low-carbon technology innovation spatial econometric model mediated effect |
| title | Has carbon finance been able to promote clean energy development? — a low-carbon technology innovation perspective |
| title_full | Has carbon finance been able to promote clean energy development? — a low-carbon technology innovation perspective |
| title_fullStr | Has carbon finance been able to promote clean energy development? — a low-carbon technology innovation perspective |
| title_full_unstemmed | Has carbon finance been able to promote clean energy development? — a low-carbon technology innovation perspective |
| title_short | Has carbon finance been able to promote clean energy development? — a low-carbon technology innovation perspective |
| title_sort | has carbon finance been able to promote clean energy development a low carbon technology innovation perspective |
| topic | carbon finance clean energy development low-carbon technology innovation spatial econometric model mediated effect |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2025.1528983/full |
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