{"title":"绿色经济能减少环境污染吗?来自绿色金融改革创新试验区的证据","authors":"Xiaojing Lin, Chi Zhang","doi":"10.1016/j.frl.2025.108572","DOIUrl":null,"url":null,"abstract":"<div><div>Using panel data from 248 prefecture-level Chinese cities between 2010 and 2019, this study explores the environmental impact of Green Finance Reform and Innovation Pilot Zones. Findings reveal that implementing these zones significantly reduces industrial soot, sulfur dioxide (SO₂), and wastewater emissions. Further analysis reveals significant regional disparities in policy effectiveness. In eastern and central China, significant wastewater and SO₂ emission reductions are observed but not industrial soot reduction. Alternatively, western China shows significant declines in SO₂ and industrial soot emissions but not in wastewater reduction. These findings show that green finance policies exert spatially differentiated environmental effects, providing empirical evidence for regionally tailored environmental governance pathways.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"86 ","pages":"Article 108572"},"PeriodicalIF":6.9000,"publicationDate":"2025-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Can green economy reduce environmental pollution? Evidence from the pilot zones for green finance reform and innovation\",\"authors\":\"Xiaojing Lin, Chi Zhang\",\"doi\":\"10.1016/j.frl.2025.108572\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>Using panel data from 248 prefecture-level Chinese cities between 2010 and 2019, this study explores the environmental impact of Green Finance Reform and Innovation Pilot Zones. Findings reveal that implementing these zones significantly reduces industrial soot, sulfur dioxide (SO₂), and wastewater emissions. Further analysis reveals significant regional disparities in policy effectiveness. In eastern and central China, significant wastewater and SO₂ emission reductions are observed but not industrial soot reduction. Alternatively, western China shows significant declines in SO₂ and industrial soot emissions but not in wastewater reduction. These findings show that green finance policies exert spatially differentiated environmental effects, providing empirical evidence for regionally tailored environmental governance pathways.</div></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"86 \",\"pages\":\"Article 108572\"},\"PeriodicalIF\":6.9000,\"publicationDate\":\"2025-09-26\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612325018264\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325018264","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Can green economy reduce environmental pollution? Evidence from the pilot zones for green finance reform and innovation
Using panel data from 248 prefecture-level Chinese cities between 2010 and 2019, this study explores the environmental impact of Green Finance Reform and Innovation Pilot Zones. Findings reveal that implementing these zones significantly reduces industrial soot, sulfur dioxide (SO₂), and wastewater emissions. Further analysis reveals significant regional disparities in policy effectiveness. In eastern and central China, significant wastewater and SO₂ emission reductions are observed but not industrial soot reduction. Alternatively, western China shows significant declines in SO₂ and industrial soot emissions but not in wastewater reduction. These findings show that green finance policies exert spatially differentiated environmental effects, providing empirical evidence for regionally tailored environmental governance pathways.
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.
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