Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2023.2179513
Research on the carbon emission reduction effects of green finance in the context of environment regulations
Ziyu Zhang
Yuting Linghu
Xue Meng
Hong Yi
Sažetak
The rise in carbon emissions has significantly aggravated issues
related to climate change. In light of this background, there has
been a strong focus on using financial methods to reduce carbon
emissions. Based on panel data for China for the period 2003–
2019, we examine the effects of green finance on carbon emissions
and the moderating effects of environmental regulations.
The results indicate that green finance development alleviates carbon
emissions. Meanwhile, our findings on the effects of green
finance policies suggest that the implementation of such policies
will strengthen the carbon-emission reduction effects of green
finance. Additionally, the impacts of green finance on carbon
emissions are moderated by administration and public-oriented
environmental regulations rather than market-oriented environmental
regulations. As the biggest emitter of carbon emissions in
the world, China should prioritise the consistent and steady development
of green finance and facilitate the green finance legislation.
Furthermore, China should enhance the role of marketoriented
environmental regulations while considering the synergy
between environmental regulations and green finance.
Ključne riječi
Green finance development; time-lag effects; environmental regulations; carbon emissions; moderating effects
Hrčak ID:
306506
URI
Datum izdavanja:
31.3.2023.
Posjeta: 181 *