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Title Towards a low-carbon economy: how does green credit affect carbon productivity?
ID_Doc 31540
Authors Lin, T; Zhang, L; Xia, D; Zhou, DQ; Li, JL
Title Towards a low-carbon economy: how does green credit affect carbon productivity?
Year 2023
Published
Abstract As a financial instrument and a crucial component of the environmental governance system, the comprehensive impacts of green credit on both the economy and the environment remain unclear. This study examines Chinese provincial data from 2001 to 2018 and employs multiple models to assess the dynamic effects of green credit on carbon productivity. The findings indicate a significant positive influence of green credit on carbon productivity within local and surrounding areas. Furthermore, the promotion effect of green credit on carbon productivity is mainly through energy structure transformation, upgrading of industrial structure and green technology innovation. Interestingly, when considering the spatiotemporal aspect, we observe an initial marginal negative impact of green credit on carbon productivity, which subsequently transitions to a positive effect. The regions demonstrating the highest positive impacts of green credit are primarily concentrated in the southwestern region rich in renewable energy and the economically developed eastern coastal region.
PDF https://figshare.com/articles/journal_contribution/Towards_a_low-carbon_economy_how_does_green_credit_affect_carbon_productivity_/23998144

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