| Title | Has green finance boosted regional electricity consumption? Based on nighttime light data |
|---|---|
| ID_Doc | 31062 |
| Authors | Xu, J; Zeng, LY; Sun, JB |
| Title | Has green finance boosted regional electricity consumption? Based on nighttime light data |
| Year | 2023 |
| Published | Environmental Science And Pollution Research, 30, 45 |
| Abstract | Green finance is gradually becoming essential to enhancing regional electricity consumption. This paper uses panel data from 30 Chinese provinces and regions from 2011 to 2021 and develops a system Generalized Method of Moments (GMM) and a mediating effect model to test the effects of green finance on regional electricity consumption level and the mechanism of action. The results show that green finance significantly boosts regional electricity consumption level, which still holds after various robustness tests. In terms of heterogeneity, the promotion effect of green finance on electricity consumption is significantly more substantial in the Eastern regions than in the central and western regions; the regions with a higher level of urbanisation are more robust than those with a lower level of urbanisation, and the regions with a higher level of the advanced industrial structure are stronger than those with a lower level. In terms of impact mechanisms, both foreign direct investment and green technology innovation have partial mediating effects on the impact of green finance on regional electricity consumption level. Green finance raises the level of regional electricity consumption by increasing the level of green technology innovation. At the same time, foreign direct investment has a "substitution effect" on the impact of green finance on regional electricity consumption. Therefore, it is essential to increase green financial policy support to raise regional electricity consumption, help upgrade electricity consumption, and help achieve the "double carbon goal". |
Similar Articles
| ID | Score | Article |
|---|---|---|
31347
|
Wang, LL; Yang, XY; Cai, QH Influence mechanism of green finance on regional emission reduction(2024)Heliyon, 10, 1 | |
| 31368
|
Chen, X; Chen, ZG Can Green Finance Development Reduce Carbon Emissions? Empirical Evidence from 30 Chinese Provinces(2021)Sustainability, 13, 21 | |
| 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) | |
| 35295
|
Li, L; Ma, XY; Ma, SJ; Gao, F Role of green finance in regional heterogeneous green innovation: Evidence from China(2024)Humanities & Social Sciences Communications, 11, 1 | |
| 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 | |
| 30616
|
Xie, MY; Zhao, SN; Lv, K The Impact of Green Finance and Financial Technology on Regional Green Energy Technological Innovation Based on the Dual Machine Learning and Spatial Econometric Models(2024)Energies, 17, 11 | |
| 35517
|
Peng, JY; Zheng, YH Does Environmental Policy Promote Energy Efficiency? Evidence From China in the Context of Developing Green Finance(2021) | |
| 30173
|
Huang, JB; He, WR; Dong, XW; Wang, QH; Wu, J How does green finance reduce China's carbon emissions by fostering green technology innovation?(2024) | |
| 32269
|
Ren, SY Spatial Spillovers And Threshold Effects Of Digital Finance On Green Total Factor Energy Efficiency: A New Policy Framework For Regional Climate Governance(2024)Environmental Engineering And Management Journal, 23, 4 |