The green development effect of science and technology financial policy in China

IF 3.3 3区环境科学与生态学 Q2 ENVIRONMENTAL SCIENCES

Frontiers in Environmental Science Pub Date : 2024-09-13 DOI:10.3389/fenvs.2024.1463679

Xuxin Zou, Jiadi Min, Shuang Meng

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引用次数: 0

Abstract

Green development, as a key link in the philosophy of new development, is the only way to achieve sustainable development. However, how science and technology (S&T) finance affects green development remains unclear. Based on panel data of 284 cities in China from 2007 to 2020, the multi-time-point difference-in-differences (DID) model and the mediation model were utilized to analyze the influencing mechanisms and paths of the S&T financial pilot policy on green development. The results show that S&T financial policy can significantly promote green development, for which green innovation (GI) capability, industrial structure advancement (ISA), and industrial structure rationalization (ISR) are important paths. Moreover, the effects of S&T financial policy on green development are heterogeneous: the policy exerts a stronger effect on the central region than on the eastern and western regions, a stronger effect on large cities than on small- and medium-sized cities, and a stronger effect on key cities than on general cities. Therefore, relevant governmental departments should continually optimize S&T financial policy; pay more attention to cities in the western region, small- and medium-sized cities, and general cities; actively foster GI capability; facilitate industrial structure transformation and upgrading; and vigorously support cross-regional exchange and cooperation to jointly realize green development. This study sheds new light on how the S&T finance related policy reform promotes sustainable growth and socio-economic welfare in developing countries.

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中国科技金融政策的绿色发展效应

绿色发展作为新发展理念的关键环节，是实现可持续发展的必由之路。然而，科技（S&T）金融如何影响绿色发展仍不明确。本文基于 2007 年至 2020 年中国 284 个城市的面板数据，利用多时点差分（DID）模型和中介模型，分析科技金融试点政策对绿色发展的影响机制和路径。结果表明，S&T 金融政策能显著促进绿色发展，其中绿色创新（GI）能力、产业结构高级化（ISA）和产业结构合理化（ISR）是重要路径。此外，S&T 金融政策对绿色发展的影响具有差异性：对中部地区的影响强于东部和西部地区，对大城市的影响强于中小城市，对重点城市的影响强于一般城市。因此，相关政府部门应不断优化科技金融政策，更加关注西部地区城市、中小城市和一般城市，积极培育地理信息能力，促进产业结构转型升级，大力支持跨区域交流合作，共同实现绿色发展。本研究为S&T金融相关政策改革如何促进发展中国家的可持续增长和社会经济福利提供了新的视角。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Frontiers in Environmental Science Environmental Science-General Environmental Science

CiteScore

4.50

自引率

8.70%

发文量

2276

审稿时长

12 weeks

期刊介绍： Our natural world is experiencing a state of rapid change unprecedented in the presence of humans. The changes affect virtually all physical, chemical and biological systems on Earth. The interaction of these systems leads to tipping points, feedbacks and amplification of effects. In virtually all cases, the causes of environmental change can be traced to human activity through either direct interventions as a consequence of pollution, or through global warming from greenhouse case emissions. Well-formulated and internationally-relevant policies to mitigate the change, or adapt to the consequences, that will ensure our ability to thrive in the coming decades are badly needed. Without proper understanding of the processes involved, and deep understanding of the likely impacts of bad decisions or inaction, the security of food, water and energy is a risk. Left unchecked shortages of these basic commodities will lead to migration, global geopolitical tension and conflict. This represents the major challenge of our time. We are the first generation to appreciate the problem and we will be judged in future by our ability to determine and take the action necessary. Appropriate knowledge of the condition of our natural world, appreciation of the changes occurring, and predictions of how the future will develop are requisite to the definition and implementation of solutions. Frontiers in Environmental Science publishes research at the cutting edge of knowledge of our natural world and its various intersections with society. It bridges between the identification and measurement of change, comprehension of the processes responsible, and the measures needed to reduce their impact. Its aim is to assist the formulation of policies, by offering sound scientific evidence on environmental science, that will lead to a more inhabitable and sustainable world for the generations to come.