Assessment of the impact of green credit on energy transformation: Micro evidence from enterprises

IF 7.1 2区工程技术 Q1 ENERGY & FUELS

Sustainable Energy Technologies and Assessments Pub Date : 2025-03-15 DOI:10.1016/j.seta.2025.104262

Ting Pan , Boqiang Lin

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引用次数: 0

Abstract

The goal of accelerating energy transformation has generated a large demand for investment and financing. As an important policy tool connecting finance and the environment, whether green credit (GC) can play a role in supporting energy transformation remains to be verified. This paper innovatively examines the impact of GC on the energy transformation at the firm level, the main transmission mechanisms, and the heterogeneous effects. The results show that GC can effectively promote the energy transformation of enterprises. The increase in R&D expenditure, the improvement of technological innovation, and the alleviation of financing constraints are the main influencing mechanisms. In addition, improving government environmental regulation, public environmental attention, and information disclosure quality are effective measures to accelerate the energy transformation of enterprises under GC. The research results provide targeted recommendations for optimizing GC and promoting enterprise energy transformation.

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评估绿色信贷对能源转型的影响：来自企业的微观证据

加快能源转型的目标产生了巨大的投融资需求。绿色信贷作为连接金融与环境的重要政策工具，能否在能源转型中发挥支持作用还有待验证。本文创新性地考察了GC对企业层面能源转换的影响、主要传导机制和异质性效应。结果表明，GC能够有效地促进企业的能源转型。研发支出的增加、技术创新水平的提高和融资约束的缓解是主要的影响机制。此外，提高政府环境监管、公众环境关注度和信息披露质量是加快GC下企业能源转型的有效措施。研究结果为优化GC、促进企业能源转型提供了有针对性的建议。

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来源期刊

Sustainable Energy Technologies and Assessments Energy-Renewable Energy, Sustainability and the Environment

CiteScore

12.70

自引率

12.50%

发文量

1091

期刊介绍： Encouraging a transition to a sustainable energy future is imperative for our world. Technologies that enable this shift in various sectors like transportation, heating, and power systems are of utmost importance. Sustainable Energy Technologies and Assessments welcomes papers focusing on a range of aspects and levels of technological advancements in energy generation and utilization. The aim is to reduce the negative environmental impact associated with energy production and consumption, spanning from laboratory experiments to real-world applications in the commercial sector.