Carbon emission and financial development under the “double carbon” goal: Considering the upgrade of industrial structure
Economic growth is fueled by financial development, which also takes the initiative in attaining green development and a low-carbon economy. The advanced industrial constitution is used as a moderator and mediator variable in this article to investigate whether there is a moderating effect and media...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2023-01-01
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| Series: | Frontiers in Environmental Science |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2022.1091537/full |
| _version_ | 1811175485192798208 |
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| author | Wen-Jie Yang Meng-Zhuo Tan Shun-Ho Chu Zhen Chen |
| author_facet | Wen-Jie Yang Meng-Zhuo Tan Shun-Ho Chu Zhen Chen |
| author_sort | Wen-Jie Yang |
| collection | DOAJ |
| description | Economic growth is fueled by financial development, which also takes the initiative in attaining green development and a low-carbon economy. The advanced industrial constitution is used as a moderator and mediator variable in this article to investigate whether there is a moderating effect and mediating effect between financial development and carbon emissions. This article chooses panel data from 283 Chinese cities from 2006 to 2019 to empirically analyze the impact of financial development on carbon emissions. The consequences indicate that financial development wields an evident active influence over carbon emissions. Additionally, the upgrading of industrial structures wields an evident positive impact on carbon emissions. There exists a medium impact of industrial structure upgrading. Results show that, first, when estimating carbon emissions demand, China’s financial expansion should be taken into consideration as a significant driver of rising carbon emissions. Second, although the extent of financial intermediation has a greater impact on carbon emissions than other financial development indicators, its effectiveness appears to have far less impact, even if it statistically has the potential to affect carbon emissions. Third, although the size of China’s stock market has a substantially greater impact on carbon emissions, the impact of its efficiency is quite little. |
| first_indexed | 2024-04-10T19:36:43Z |
| format | Article |
| id | doaj.art-88618e434c3243c6a9fb33d482aa40c2 |
| institution | Directory Open Access Journal |
| issn | 2296-665X |
| language | English |
| last_indexed | 2024-04-10T19:36:43Z |
| publishDate | 2023-01-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj.art-88618e434c3243c6a9fb33d482aa40c22023-01-30T04:46:34ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2023-01-011010.3389/fenvs.2022.10915371091537Carbon emission and financial development under the “double carbon” goal: Considering the upgrade of industrial structureWen-Jie Yang0Meng-Zhuo Tan1Shun-Ho Chu2Zhen Chen3School of Business, Lingnan Normal University, Zhanjiang, Guangdong, ChinaThe Institute for Sustainable Development, Macau University of Science and Technology, Macau, ChinaSchool of Business, Macau University of Science and Technology, Macau, ChinaSchool of Business, Lingnan Normal University, Zhanjiang, Guangdong, ChinaEconomic growth is fueled by financial development, which also takes the initiative in attaining green development and a low-carbon economy. The advanced industrial constitution is used as a moderator and mediator variable in this article to investigate whether there is a moderating effect and mediating effect between financial development and carbon emissions. This article chooses panel data from 283 Chinese cities from 2006 to 2019 to empirically analyze the impact of financial development on carbon emissions. The consequences indicate that financial development wields an evident active influence over carbon emissions. Additionally, the upgrading of industrial structures wields an evident positive impact on carbon emissions. There exists a medium impact of industrial structure upgrading. Results show that, first, when estimating carbon emissions demand, China’s financial expansion should be taken into consideration as a significant driver of rising carbon emissions. Second, although the extent of financial intermediation has a greater impact on carbon emissions than other financial development indicators, its effectiveness appears to have far less impact, even if it statistically has the potential to affect carbon emissions. Third, although the size of China’s stock market has a substantially greater impact on carbon emissions, the impact of its efficiency is quite little.https://www.frontiersin.org/articles/10.3389/fenvs.2022.1091537/fullfinancial developmentcarbon emissionsindustrial structurecarbon peakcarbon neutralization |
| spellingShingle | Wen-Jie Yang Meng-Zhuo Tan Shun-Ho Chu Zhen Chen Carbon emission and financial development under the “double carbon” goal: Considering the upgrade of industrial structure Frontiers in Environmental Science financial development carbon emissions industrial structure carbon peak carbon neutralization |
| title | Carbon emission and financial development under the “double carbon” goal: Considering the upgrade of industrial structure |
| title_full | Carbon emission and financial development under the “double carbon” goal: Considering the upgrade of industrial structure |
| title_fullStr | Carbon emission and financial development under the “double carbon” goal: Considering the upgrade of industrial structure |
| title_full_unstemmed | Carbon emission and financial development under the “double carbon” goal: Considering the upgrade of industrial structure |
| title_short | Carbon emission and financial development under the “double carbon” goal: Considering the upgrade of industrial structure |
| title_sort | carbon emission and financial development under the double carbon goal considering the upgrade of industrial structure |
| topic | financial development carbon emissions industrial structure carbon peak carbon neutralization |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2022.1091537/full |
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