| Title | Green finance development drives renewable energy development: Mechanism analysis and empirical research |
|---|---|
| ID_Doc | 32433 |
| Authors | Guo, W; Yang, B; Ji, J; Liu, XR |
| Title | Green finance development drives renewable energy development: Mechanism analysis and empirical research |
| Year | 2023 |
| Published | |
| Abstract | Different from the existing studies, this study find the two paths that green finance development (GFD) affects renewable energy development are the clean biased technical progress path and financial constraint path, and at its different stages, there are significant differences in driving effects of GFD and government policies. Through empirically analyzing impact of GFD on renewable energy development with mediation effect model and China's provincial panel data in 2007-2019, this study obtains following conclusions: On the one hand, GFD can promote energy technology innovation to bias to clean energy technology. On the other hand, it can ease the enterprises' finance constraint, thus promotes renewable energy development. In initial stage of renewable energy devel-opment, government's supporting policy is the key driving factor, and role of GFD is weak. In growth stage of renewable energy development (accounting for more than 20%), GFD significantly promotes renewable energy development, and driving role of government supporting policy has gradually weakened. In view of above re-sults, the policy recommendations of this paper are, first, government departments and financial institutions should form joint force to promote the growth of green finance scale. Second, balance administrative means and market tools according to the regional renewable energy development stage. |
Similar Articles
| ID | Score | Article |
|---|---|---|
31875
|
Hou, H; Wang, YY; Zhang, ML Green finance drives renewable energy development: empirical evidence from 53 countries worldwide(2023)Environmental Science And Pollution Research, 30, 33 | |
| 31303
|
Xiong, YY; Dai, L Does green finance investment impact on sustainable development: Role of technological innovation and renewable energy(2023) | |
| 32383
|
Li, J; Udemba, EN; Guendogdu, BC Connectedness of green financing, green energy and technological progress towards energy transition and climate goal: exposition of the best practise to achieve sustainable environmental development(2024)Stochastic Environmental Research And Risk Assessment, 38, 5 | |
| 62115
|
Gao, K; Chen, HD; Tian, SY; Sun, RQ; Cui, KY; Zhang, YF A nexus between green digital finance and green innovation under asymmetric effects on renewable energy markets: a study on Chinese green cities(2023)Environmental Science And Pollution Research, 30, 16 | |
| 35542
|
Zheng, MB; Feng, GF; Chang, CP Is green finance capable of promoting renewable energy technology? Empirical investigation for 64 economies worldwide(2023)Oeconomia Copernicana, 14, 2 | |
| 30640
|
Ge, T; Cai, XS; Song, XW How does renewable energy technology innovation affect the upgrading of industrial structure? The moderating effect of green finance(2022) | |
| 35419
|
Jiakui, C; Abbas, J; Najam, H; Liu, JN; Abbas, J Green technological innovation, green finance, and financial development and their role in green total factor productivity: Empirical insights from China(2023) | |
| 31206
|
Xie, FM; Liu, YL; Guan, FY; Wang, N How to coordinate the relationship between renewable energy consumption and green economic development: from the perspective of technological advancement(2020)Environmental Sciences Europe, 32, 1 | |
| 30099
|
Feng, SL; Zhang, R; Li, GX Environmental decentralization, digital finance and green technology innovation(2022) | |
| 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) |