TY - GEN
T1 - The Impact of Green Finance on Carbon Emissions
T2 - 2024 International Conference on Economic Management and Information Technology (ICEMIT 2024)
AU - Du, Tiantian
AU - Su, Junqi
AU - Deng, Zihan
N1 - Information for this record is supplemented by the author(s) concerned.
PY - 2024/10
Y1 - 2024/10
N2 - Green finance plays a crucial role in driving industrial transformation and upgrading, crucial for China’s dual carbon goals. This study constructs comprehensive green finance indicators from market and policy perspectives using the entropy method. Panel data from 30 Chinese provinces (2007-2020) is analyzed via spatial Durbin model to assess the impact of green finance policies on carbon emissions, considering driving mechanisms and geographical heterogeneity. Findings show a steady increase in green finance development across Chinese provinces, with the east leading. Local green finance significantly correlates with carbon reduction, especially in the east and central regions. Policy recommendations are derived from these insights. The final policy recommendations come from these insights.
AB - Green finance plays a crucial role in driving industrial transformation and upgrading, crucial for China’s dual carbon goals. This study constructs comprehensive green finance indicators from market and policy perspectives using the entropy method. Panel data from 30 Chinese provinces (2007-2020) is analyzed via spatial Durbin model to assess the impact of green finance policies on carbon emissions, considering driving mechanisms and geographical heterogeneity. Findings show a steady increase in green finance development across Chinese provinces, with the east leading. Local green finance significantly correlates with carbon reduction, especially in the east and central regions. Policy recommendations are derived from these insights. The final policy recommendations come from these insights.
KW - Green finance development
KW - Carbon emission intensity
KW - Carbon neutralization
KW - Spatial spillover effect
U2 - 10.70114/aimedr.2024.1.1.P1
DO - 10.70114/aimedr.2024.1.1.P1
M3 - RGC 32 - Refereed conference paper (with host publication)
SN - 978-1-965471-02-9
T3 - Advances in Information Management and Economic Development Research
SP - 1
EP - 7
BT - 2024 International Conference on Economic Management and Information Technology
A2 - Garcia, Maria
PB - Angus Academic Press
CY - Hong Kong
Y2 - 31 October 2024 through 31 October 2024
ER -