Comparison between inclusive finance and green finance in alleviating energy poverty and the mediating role of energy structure

IF 13.6 2区 经济学 Q1 ECONOMICS
Meirui Zhong , Ti Zhou , Qingtian Wu
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引用次数: 0

Abstract

Drawing on panel data from 30 Chinese provinces from 2011 to 2017, this study investigates the comprehensive impact of inclusive finance and green finance on energy poverty, along with the mechanisms through which these effects occur. The findings demonstrate that both inclusive finance and green finance significantly alleviate energy poverty. Inclusive finance primarily influences energy poverty through income and consumption effects, while green finance contributes by improving energy efficiency and supporting the transition to low-carbon energy sources. Moreover, a synergistic effect exists between inclusive and green finance, with inclusive finance fostering the development of green finance—an effect that becomes more pronounced with increased investment in science and technology. Heterogeneity analysis reveals that inclusive finance has a greater impact in the western region, whereas green finance exerts stronger influence in the eastern region, highlighting differences in their operative mechanisms and levels of regional economic development. Building on existing literature concerning the relationship between financial inclusivity and energy structure, this study further explores their nonlinear relationship and examines the roles of energy consumption and technological advancement in this dynamic. The paper concludes with policy recommendations based on the combined effects of inclusive and green finance on energy poverty.
普惠金融与绿色金融缓解能源贫困的比较及能源结构的中介作用
利用2011年至2017年中国30个省份的面板数据,本研究考察了普惠金融和绿色金融对能源贫困的综合影响,以及这些影响的发生机制。研究结果表明,普惠金融和绿色金融均能显著缓解能源贫困。普惠金融主要通过收入和消费效应来影响能源贫困,而绿色金融则通过提高能源效率和支持向低碳能源转型来发挥作用。此外,普惠金融与绿色金融之间存在协同效应,普惠金融促进了绿色金融的发展,这种效应随着科技投入的增加而更加明显。异质性分析表明,普惠金融对西部地区的影响更大,而绿色金融对东部地区的影响更大,二者在运行机制和区域经济发展水平上存在差异。在现有文献关于金融普惠与能源结构关系的基础上,本研究进一步探讨了它们之间的非线性关系,并考察了能源消耗和技术进步在这一动态中的作用。最后,基于包容性金融和绿色金融对能源贫困的综合影响,提出了政策建议。
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来源期刊
Energy Economics
Energy Economics ECONOMICS-
CiteScore
18.60
自引率
12.50%
发文量
524
期刊介绍: Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.
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