{"title":"贸易、金融与环境:绿色贸易融资对碳排放的影响","authors":"Jin Sun , Kamiar Mohaddes , Meng Cai","doi":"10.1016/j.eneco.2026.109147","DOIUrl":null,"url":null,"abstract":"<div><div>The rapid expansion of green trade financing is reshaping global trade dynamics and offering new opportunities for carbon emission reduction. Our study examines the impact of Green Trade Financing on carbon emissions across a global sample of countries from 2012 to 2022, providing new insights into the environmental advantages of green or sustainable trade policies. The empirical results demonstrate that green trade financing significantly reduces carbon emissions, mainly through two channels: promoting green innovation and improving energy structure. Mechanism analysis confirms that it enhances firms' environmentally oriented innovation and facilitates the transition toward cleaner energy. These findings underscore the environmental benefits of green finance and highlight its role as a scalable instrument for sustainable development. The study also provides multi-level policy recommendations to operationalize green trade financing under diverse institutional conditions.</div></div>","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"154 ","pages":"Article 109147"},"PeriodicalIF":13.5000,"publicationDate":"2026-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Trade, finance, and the environment: The effects of green trade financing on carbon emissions\",\"authors\":\"Jin Sun , Kamiar Mohaddes , Meng Cai\",\"doi\":\"10.1016/j.eneco.2026.109147\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>The rapid expansion of green trade financing is reshaping global trade dynamics and offering new opportunities for carbon emission reduction. Our study examines the impact of Green Trade Financing on carbon emissions across a global sample of countries from 2012 to 2022, providing new insights into the environmental advantages of green or sustainable trade policies. The empirical results demonstrate that green trade financing significantly reduces carbon emissions, mainly through two channels: promoting green innovation and improving energy structure. Mechanism analysis confirms that it enhances firms' environmentally oriented innovation and facilitates the transition toward cleaner energy. These findings underscore the environmental benefits of green finance and highlight its role as a scalable instrument for sustainable development. The study also provides multi-level policy recommendations to operationalize green trade financing under diverse institutional conditions.</div></div>\",\"PeriodicalId\":11665,\"journal\":{\"name\":\"Energy Economics\",\"volume\":\"154 \",\"pages\":\"Article 109147\"},\"PeriodicalIF\":13.5000,\"publicationDate\":\"2026-02-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Energy Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0140988326000265\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"2026/1/14 0:00:00\",\"PubModel\":\"Epub\",\"JCR\":\"Q1\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0140988326000265","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2026/1/14 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
Trade, finance, and the environment: The effects of green trade financing on carbon emissions
The rapid expansion of green trade financing is reshaping global trade dynamics and offering new opportunities for carbon emission reduction. Our study examines the impact of Green Trade Financing on carbon emissions across a global sample of countries from 2012 to 2022, providing new insights into the environmental advantages of green or sustainable trade policies. The empirical results demonstrate that green trade financing significantly reduces carbon emissions, mainly through two channels: promoting green innovation and improving energy structure. Mechanism analysis confirms that it enhances firms' environmentally oriented innovation and facilitates the transition toward cleaner energy. These findings underscore the environmental benefits of green finance and highlight its role as a scalable instrument for sustainable development. The study also provides multi-level policy recommendations to operationalize green trade financing under diverse institutional conditions.
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.