Is green finance fostering high-quality energy development in China? A spatial spillover perspective
As the world's largest energy consumer, it is worth exploring how China can achieve high-quality energy development. This paper aims to assess the role of green finance development in China's high-quality energy development (HED). We develop two indicator systems to measure the level of pr...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2023-11-01
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| Series: | Energy Strategy Reviews |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2211467X23001517 |
| _version_ | 1827620785271865344 |
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| author | Jiajun Xu Jinchao Wang Rui Li Muxin Gu |
| author_facet | Jiajun Xu Jinchao Wang Rui Li Muxin Gu |
| author_sort | Jiajun Xu |
| collection | DOAJ |
| description | As the world's largest energy consumer, it is worth exploring how China can achieve high-quality energy development. This paper aims to assess the role of green finance development in China's high-quality energy development (HED). We develop two indicator systems to measure the level of provincial green finance and HED in China and find a significant contribution of green finance to both local and neighboring HED based on a spatial model. These findings still hold after considering endogeneity and performing a series of robustness tests. In addition, we find that the effect of green finance is more pronounced after exceeding the threshold value, and the spatial spillover boundary of green finance is 1750 km. These findings provide a reference for the government to develop further green finance policies to achieve high-quality energy development. |
| first_indexed | 2024-03-09T10:53:46Z |
| format | Article |
| id | doaj.art-dc0e6a4b8df546e29afd711e0a330d51 |
| institution | Directory Open Access Journal |
| issn | 2211-467X |
| language | English |
| last_indexed | 2024-03-09T10:53:46Z |
| publishDate | 2023-11-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Strategy Reviews |
| spelling | doaj.art-dc0e6a4b8df546e29afd711e0a330d512023-12-01T05:01:28ZengElsevierEnergy Strategy Reviews2211-467X2023-11-0150101201Is green finance fostering high-quality energy development in China? A spatial spillover perspectiveJiajun Xu0Jinchao Wang1Rui Li2Muxin Gu3Center for Economic Development Research, Wuhan University, Wuhan, 430072, China; School of Economics and Management, Wuhan University, Wuhan, 430072, ChinaCenter for Economic Development Research, Wuhan University, Wuhan, 430072, China; School of Economics and Management, Wuhan University, Wuhan, 430072, ChinaSchool of Economics and Management, Wuhan University, Wuhan, 430072, China; Corresponding author.Center for Economic Development Research, Wuhan University, Wuhan, 430072, China; School of Economics and Management, Wuhan University, Wuhan, 430072, ChinaAs the world's largest energy consumer, it is worth exploring how China can achieve high-quality energy development. This paper aims to assess the role of green finance development in China's high-quality energy development (HED). We develop two indicator systems to measure the level of provincial green finance and HED in China and find a significant contribution of green finance to both local and neighboring HED based on a spatial model. These findings still hold after considering endogeneity and performing a series of robustness tests. In addition, we find that the effect of green finance is more pronounced after exceeding the threshold value, and the spatial spillover boundary of green finance is 1750 km. These findings provide a reference for the government to develop further green finance policies to achieve high-quality energy development.http://www.sciencedirect.com/science/article/pii/S2211467X23001517Green financeHigh-quality energy developmentSpatial modelSpatial thresholdSpatial attenuation boundary |
| spellingShingle | Jiajun Xu Jinchao Wang Rui Li Muxin Gu Is green finance fostering high-quality energy development in China? A spatial spillover perspective Energy Strategy Reviews Green finance High-quality energy development Spatial model Spatial threshold Spatial attenuation boundary |
| title | Is green finance fostering high-quality energy development in China? A spatial spillover perspective |
| title_full | Is green finance fostering high-quality energy development in China? A spatial spillover perspective |
| title_fullStr | Is green finance fostering high-quality energy development in China? A spatial spillover perspective |
| title_full_unstemmed | Is green finance fostering high-quality energy development in China? A spatial spillover perspective |
| title_short | Is green finance fostering high-quality energy development in China? A spatial spillover perspective |
| title_sort | is green finance fostering high quality energy development in china a spatial spillover perspective |
| topic | Green finance High-quality energy development Spatial model Spatial threshold Spatial attenuation boundary |
| url | http://www.sciencedirect.com/science/article/pii/S2211467X23001517 |
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