Impact assessment of green finance reform on low-carbon energy transition: Evidence from China's pilot zones

IF 9.8 1区社会学 Q1 ENVIRONMENTAL STUDIES

Environmental Impact Assessment Review Pub Date : 2024-09-06 DOI:10.1016/j.eiar.2024.107654

Rong Chen , Qingjun Zhang , Juan Wang

{"title":"Impact assessment of green finance reform on low-carbon energy transition: Evidence from China's pilot zones","authors":"Rong Chen , Qingjun Zhang , Juan Wang","doi":"10.1016/j.eiar.2024.107654","DOIUrl":null,"url":null,"abstract":"<div><p>Green finance reform and innovation pilot zones policy (GFRIPZ) is a vital financial system innovation in China to achieve sustainable development. This paper attempts to assess the policy impact of green finance reform on low-carbon energy transition (LCET) on a city-level. The entropy method is adopted to construct LCET comprehensive indexes including 284 prefecture-level cities and a multi-stage DID model is conducted to analyze how green finance reform affects LCET. This study reveals that green finance reform policy significantly accelerates LCET in pilot cities. Moreover, the spatial cross-regional mobility of green finance reform policy accelerating LCET is obvious. The spatial radiation effect of the policy varies with city characteristics of industrial and location. Furthermore, the pilot policy plays a promoting role and spatial radiation effect on LCET through the mechanism of technological progress and green financial product innovation. This paper not only enrich the relevant literature on the environmental impact assessment of GFRIPZ policy, but also provide a practical basis for financial policy innovation to help achieve regional LCET.</p></div>","PeriodicalId":309,"journal":{"name":"Environmental Impact Assessment Review","volume":"110 ","pages":"Article 107654"},"PeriodicalIF":9.8000,"publicationDate":"2024-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Environmental Impact Assessment Review","FirstCategoryId":"90","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0195925524002415","RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}

引用次数: 0

Abstract

Green finance reform and innovation pilot zones policy (GFRIPZ) is a vital financial system innovation in China to achieve sustainable development. This paper attempts to assess the policy impact of green finance reform on low-carbon energy transition (LCET) on a city-level. The entropy method is adopted to construct LCET comprehensive indexes including 284 prefecture-level cities and a multi-stage DID model is conducted to analyze how green finance reform affects LCET. This study reveals that green finance reform policy significantly accelerates LCET in pilot cities. Moreover, the spatial cross-regional mobility of green finance reform policy accelerating LCET is obvious. The spatial radiation effect of the policy varies with city characteristics of industrial and location. Furthermore, the pilot policy plays a promoting role and spatial radiation effect on LCET through the mechanism of technological progress and green financial product innovation. This paper not only enrich the relevant literature on the environmental impact assessment of GFRIPZ policy, but also provide a practical basis for financial policy innovation to help achieve regional LCET.

查看原文本刊更多论文

绿色金融改革对低碳能源转型的影响评估：来自中国试验区的证据

绿色金融改革创新试验区政策（GFRIPZ）是中国实现可持续发展的一项重要金融制度创新。本文试图从城市层面评估绿色金融改革对低碳能源转型（LCET）的政策影响。本文采用熵值法构建了包括 284 个地级市在内的 LCET 综合指数，并采用多阶段 DID 模型分析了绿色金融改革对 LCET 的影响。研究发现，绿色金融改革政策显著加速了试点城市的LCET。此外，绿色金融改革政策加速 LCET 的空间跨区域流动性明显。政策的空间辐射效应因城市的产业和区位特征而异。此外，试点政策通过技术进步和绿色金融产品创新机制对 LCET 发挥促进作用和空间辐射效应。本文不仅丰富了GFRIPZ政策环境影响评价的相关文献，也为金融政策创新助力实现区域LCET提供了实践依据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Environmental Impact Assessment Review ENVIRONMENTAL STUDIES-

CiteScore

12.60

自引率

10.10%

发文量

200

审稿时长

33 days

期刊介绍： Environmental Impact Assessment Review is an interdisciplinary journal that serves a global audience of practitioners, policymakers, and academics involved in assessing the environmental impact of policies, projects, processes, and products. The journal focuses on innovative theory and practice in environmental impact assessment (EIA). Papers are expected to present innovative ideas, be topical, and coherent. The journal emphasizes concepts, methods, techniques, approaches, and systems related to EIA theory and practice.