The Impact of Green Finance Development on China’s Energy Structure Optimization | Zendy

Hui Wang | Zendy; Lili Jiang | Zendy; Hongjun Duan | Zendy; Yifeng Wang | Zendy; Yichen Jiang | Zendy; Xiaoken Lin | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

The Impact of Green Finance Development on China’s Energy Structure Optimization

Author(s) -

Hui Wang,

Lili Jiang,

Hongjun Duan,

Yifeng Wang,

Yichen Jiang,

Xiaoken Lin

Publication year - 2021

Publication title -

discrete dynamics in nature and society

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.264

H-Index - 39

eISSN - 1607-887X

pISSN - 1026-0226

DOI - 10.1155/2021/2633021

Subject(s) - renewable energy , energy consumption , china , green development , consumption (sociology) , spillover effect , economics , panel data , energy intensity , finance , environmental economics , business , natural resource economics , econometrics , geography , microeconomics , ecology , social science , archaeology , sociology , electrical engineering , biology , engineering

This paper studies the impact of the development of green finance on China’s energy consumption structure. 17 basic indexes and the improved entropy weight method are used to construct the green finance index (GFI). Multiple regression, panel regression, and spatial regression are used to study the impact of green finance on China’s traditional energy and renewable energy consumption. The results show that there is a positive spatial spillover effect in the development of green finance among provinces in China. The development of green finance contributes to the conversion of traditional to renewable energy consumption. The effect of green finance on the transformation of energy consumption structure is mainly reflected in the direct effect. The green finance in each province not only helps the local development of green energy but also plays a good role in the production and utilization of clean energy consumption in surrounding provinces. Therefore, the government should support the green finance, reduce traditional energy consumption, and increase renewable energy consumption.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research