Green finance and micro-zone level carbon emissions

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-03-28 DOI:10.1016/j.frl.2025.107262

Peng Lu , Ziwei Wang , Yibo Liu

引用次数: 0

Abstract

We examine the impact of green finance on carbon emissions across urban, suburban, and rural zones via the geographic information system. We investigate that green finance only reduces carbon emissions in urban centers, with its effect varying across degrees of urbanization classifications (DUCs). Considering residual correlation among DUCs, we reveal that green finance facilitates transferring carbon emissions from urban to suburban zones. With the spatial weight matrix for emissions and the IV-GMM approach, we demonstrate that carbon emissions display spatial spillover effects within a city. Green finance may contribute to the relocation of emissions from urban centers to suburban zones.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance