Carbon finance development, industrial structure and green financial instruments

IF 3.8 3区经济学 Q1 BUSINESS, FINANCE

North American Journal of Economics and Finance Pub Date : 2025-04-10 DOI:10.1016/j.najef.2025.102430

Chenyuan Zhao , Zhaolongyu Lei , Xu Zhao , Yuxuan Wang

引用次数: 0

Abstract

Based on panel data from 30 provinces (cities) in China from 2006 to 2022, this study empirically analyzes the impact of carbon finance development on the optimization and upgrading of the industrial structure with the moderating effect of green financial instruments. This study constructs a new indicator to evaluate the level of carbon finance from financial environment, energy efficiency, and technological development, and finds that the development of carbon finance has a positive impact on the optimization and upgrading of industrial structure. Green finance instruments such as green loans play a positive role in promoting development. The innovation of this study lies in redefining the indicators of industrial structure optimization across three dimensions: rationalization, advancement, and upgrading of the industrial structure. This innovation is of practical significance in exploring the direction of industrial structure optimization and upgrading.

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碳金融发展、产业结构与绿色金融工具

本文基于2006 - 2022年中国30个省（市）的面板数据，实证分析了碳金融发展对产业结构优化升级的影响以及绿色金融工具的调节效应。本研究从金融环境、能源效率和技术发展三个方面构建了新的碳金融水平评价指标，发现碳金融发展对产业结构优化升级具有积极影响。绿色贷款等绿色金融工具对促进发展具有积极作用。本研究的创新之处在于从产业结构合理化、先进性和升级化三个维度重新定义了产业结构优化的指标。这一创新对于探索产业结构优化升级的方向具有现实意义。

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

North American Journal of Economics and Finance Multiple-

CiteScore

7.30

自引率

8.30%

发文量

168

期刊介绍： The focus of the North-American Journal of Economics and Finance is on the economics of integration of goods, services, financial markets, at both regional and global levels with the role of economic policy in that process playing an important role. Both theoretical and empirical papers are welcome. Empirical and policy-related papers that rely on data and the experiences of countries outside North America are also welcome. Papers should offer concrete lessons about the ongoing process of globalization, or policy implications about how governments, domestic or international institutions, can improve the coordination of their activities. Empirical analysis should be capable of replication. Authors of accepted papers will be encouraged to supply data and computer programs.