Top-down versus bottom-up: How green finance drives sustainable development in cold chain logistics?

IF 6.3 2区工程技术 Q1 ECONOMICS

Transport Policy Pub Date : 2025-07-21 DOI:10.1016/j.tranpol.2025.07.030

Beifei Yuan, Fengming Tao, Zhaokun Guo, Jiaqi Ren, Ziwei Zhu, Chuhan Zhou

{"title":"Top-down versus bottom-up: How green finance drives sustainable development in cold chain logistics?","authors":"Beifei Yuan, Fengming Tao, Zhaokun Guo, Jiaqi Ren, Ziwei Zhu, Chuhan Zhou","doi":"10.1016/j.tranpol.2025.07.030","DOIUrl":null,"url":null,"abstract":"<div><div>The rapid advancement of cold chain logistics has underscored the importance of sustainability, positioning green finance as a crucial catalyst for its sustainable development, a theme extensively discussed among scholars and policymakers. However, empirical examinations into the specific impacts of green finance on this sector remain limited. This study utilizes panel data from 30 provinces in China (2010–2022) to analyze the effects of green finance on the sustainable development of cold chain logistics and the underlying mechanisms involved. The findings reveal that (1) The sustainable development of cold chain logistics in China has progressively improved over the years, albeit with notable disparities persisting across provinces. Moreover, green finance plays a crucial role in advancing the sustainability of cold chain logistics. (2) It further promotes this sustainability by fostering green technological innovation. Public environmental awareness exerts a positive moderating effect on the impact of green finance, while governmental environmental regulations have not achieved the expected outcomes. (3) The positive impact of green finance on the sustainable development of cold chain logistics is particularly pronounced in the eastern region and areas exhibiting higher economic development, highlighting significant regional heterogeneity. These insights provide innovative strategies for achieving sustainable development in cold chain logistics in China and provide critical perspectives for other nations pursuing similar sustainability objectives.</div></div>","PeriodicalId":48378,"journal":{"name":"Transport Policy","volume":"173 ","pages":"Article 103749"},"PeriodicalIF":6.3000,"publicationDate":"2025-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transport Policy","FirstCategoryId":"5","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0967070X25002835","RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}

引用次数: 0

Abstract

The rapid advancement of cold chain logistics has underscored the importance of sustainability, positioning green finance as a crucial catalyst for its sustainable development, a theme extensively discussed among scholars and policymakers. However, empirical examinations into the specific impacts of green finance on this sector remain limited. This study utilizes panel data from 30 provinces in China (2010–2022) to analyze the effects of green finance on the sustainable development of cold chain logistics and the underlying mechanisms involved. The findings reveal that (1) The sustainable development of cold chain logistics in China has progressively improved over the years, albeit with notable disparities persisting across provinces. Moreover, green finance plays a crucial role in advancing the sustainability of cold chain logistics. (2) It further promotes this sustainability by fostering green technological innovation. Public environmental awareness exerts a positive moderating effect on the impact of green finance, while governmental environmental regulations have not achieved the expected outcomes. (3) The positive impact of green finance on the sustainable development of cold chain logistics is particularly pronounced in the eastern region and areas exhibiting higher economic development, highlighting significant regional heterogeneity. These insights provide innovative strategies for achieving sustainable development in cold chain logistics in China and provide critical perspectives for other nations pursuing similar sustainability objectives.

Abstract Image

查看原文本刊更多论文

自上而下与自下而上：绿色金融如何推动冷链物流可持续发展？

冷链物流的快速发展凸显了可持续性的重要性，将绿色金融定位为其可持续发展的关键催化剂，这是学者和政策制定者广泛讨论的主题。然而，关于绿色金融对该行业具体影响的实证研究仍然有限。本研究利用中国30个省份（2010-2022年）的面板数据，分析了绿色金融对冷链物流可持续发展的影响及其机制。研究结果表明：(1)中国冷链物流的可持续发展水平近年来逐步提高，但各省之间存在显著差异。此外，绿色金融在促进冷链物流的可持续性方面发挥着至关重要的作用。(2)通过促进绿色技术创新进一步促进这种可持续性。公众环保意识对绿色金融的影响具有正向调节作用，而政府环境监管并未达到预期效果。(3)绿色金融对冷链物流可持续发展的正向影响在东部地区和经济发展水平较高的地区尤为显著，区域异质性显著。这些见解为实现中国冷链物流的可持续发展提供了创新策略，并为追求类似可持续发展目标的其他国家提供了重要视角。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Transport Policy Multiple-

CiteScore

12.10

自引率

10.30%

发文量

282

期刊介绍： Transport Policy is an international journal aimed at bridging the gap between theory and practice in transport. Its subject areas reflect the concerns of policymakers in government, industry, voluntary organisations and the public at large, providing independent, original and rigorous analysis to understand how policy decisions have been taken, monitor their effects, and suggest how they may be improved. The journal treats the transport sector comprehensively, and in the context of other sectors including energy, housing, industry and planning. All modes are covered: land, sea and air; road and rail; public and private; motorised and non-motorised; passenger and freight.