| Title | Exploring the nexus between green finance and energy efficiency: Unravelling the impact through green technology innovation and energy structure |
|---|---|
| ID_Doc | 30398 |
| Authors | Liu, ZQ; Zheng, HY; Gu, JY; Xu, SJ; Ye, YY |
| Title | Exploring the nexus between green finance and energy efficiency: Unravelling the impact through green technology innovation and energy structure |
| Year | 2024 |
| Published | Heliyon, 10, 9 |
| Abstract | This study delves into the intricate relationship between green finance and energy efficiency, focusing on how green technology innovation and energy structure transformations contribute to this dynamic. Utilizing panel data from China ' s provinces over the period 2015 - 2022, the research aims to uncover the nuances of how green finance can serve as a catalyst for enhancing energy efficiency across different regions. The objective is to quantify the impact of green finance on energy efficiency, considering the mediating roles of green technology innovation and shifts in energy structure. The analysis employs a sophisticated panel entropy weighting technique to analyze the data, ensuring a robust examination of the relationships between these variables. The results reveal a significant positive impact of green finance on energy efficiency, mediated by advances in green technology and modifications in the energy structure towards more sustainable forms. Specifically, regions with higher engagement in green finance initiatives demonstrated marked improvements in energy efficiency, attributed to substantial investments in green technologies and a gradual shift away from traditional, inefficient energy sources. These findings underscore the pivotal role of green finance in driving the transition towards a more energyefficient and sustainable economic model. Policy implications drawn from this study suggest that targeted financial policies promoting green investments can significantly bolster energy efficiency. |
| https://www.ncbi.nlm.nih.gov/pmc/articles/PMC11101729 |
Similar Articles
| ID | Score | Article |
|---|---|---|
30225
|
Lee, CC; Wang, CS; He, ZW; Xing, WW; Wang, KY How does green finance affect energy efficiency? The role of green technology innovation and energy structure(2023) | |
| 35517
|
Peng, JY; Zheng, YH Does Environmental Policy Promote Energy Efficiency? Evidence From China in the Context of Developing Green Finance(2021) | |
| 35166
|
Zhang, Y; Fang, X; Yang, ZY; Sun, YC; Wang, QY Green Finance, Technological Innovation, and Energy Efficiency Improvements: Evidence from China's Green Finance Reform Pilot Zone(2023)Emerging Markets Finance And Trade, 59, 11 | |
| 31110
|
Zhu, H; Feng, TC; Li, XL Green finance, green development and decarbonization of the energy consumption structure(2024)Plos One, 19, 4 | |
| 31147
|
Yang, QQ; Ye, ZH Green Finance Development and Carbon Emissions: Evidence from a Spatial Panel Data Analysis in China(2024)Polish Journal Of Environmental Studies, 33, 6 | |
| 31609
|
Nepal, R; Zhao, XM; Liu, Y; Dong, KY Can green finance strengthen energy resilience? The case of China(2024) | |
| 31737
|
Huang, JB; An, LF; Peng, WH; Guo, LL Identifying the role of green financial development played in carbon intensity: Evidence from China(2023) | |
| 31413
|
Wu, H; Fareed, Z; Wolanin, E; Rozkrut, D; Hajduk-Stelmachowicz, M Role of Green Financing and Eco-Innovation for Energy Efficiency in Developed Countries: Contextual Evidence for Pre- and Post-COVID-19 Era(2022) | |
| 31676
|
Dong, KY; Zeng, SH; Wang, JD; Taghizadeh-Hesary, F Assessing the role of green investment in energy efficiency: Does digital economy matter?(2024)Energy Exploration & Exploitation, 42, 4 | |
| 33588
|
Zhang, H; Jin, JP Assessing the effect of green finance, energy consumption structure and environmental sustainable development: a moderated mediation model(2024)Economic Change And Restructuring, 57.0, 2 |