Green finance drives renewable energy development: empirical evidence from 53 countries worldwide

The role of financial innovation in carbon intensity reduction: perspectives from energy structure transition and fiscal policies

Carbon emissions are important factors causing global warming, which requires global efforts to deal with. In this paper, we investigate the mechanism of financial innovation on reducing carbon emissions in China by constructing a financial innovation development index with factors of green finance as well as fintech development. Empirical results show that financial innovation contributes to reduce carbon intensity by promoting energy structure transition as well as public fiscal expenditure on energy conservation and environmental protection. Moreover, heterogeneity exists in the effect of financial innovation on carbon emission reduction. Financial innovation has a significant role in reducing carbon intensity in eastern regions, but has a relatively small influence on central and western regions. Furthermore, financial innovation has a lag effect on reducing carbon intensity.

Research landscape of energy transition and green finance: A bibliometric analysis

This study utilizes bibliometric analysis to examine historical and present research patterns in the area of energy transition and green finance and to forecast potential future domains. Using the bibliometric method, 328 scholarly articles from the Web of Science database were evaluated. This paper identifies influential publications, maps the research landscape, and forecasts emerging tendencies through co-citation and co-word analyses. Co-citation analysis found three main clusters, while co-word analysis revealed four main clusters. Despite the growing significance of research on energy transition and green finance research, further in-depth investigation is necessary to offer a thorough depiction of the research domain. This research represents a pioneering endeavour in the utilization of bibliometric analysis to investigate the interrelationship between two items. It offers valuable insights into the rapidly expanding field of energy transition and green finance, effectively highlighting its contours and indicating potential future developments.

Does green finance boost carbon-neutral performance? Evidence from China

Carbon neutrality has attracted widespread attention as a key strategy for mitigating environmental degradation, but there is little research on whether the development of green finance can contribute to the process of carbon neutrality. This paper proposes a hypothesis based on the relationship between green finance and carbon-neutral performance and empirically tests it using a spatial Durbin model and combining it with a threshold panel model utilizing Chinese provincial sample data from 2011 to 2021. The study found that (1) green finance development would promote carbon-neutral performance; (2) there are notable spatial characteristics of green finance and carbon neutrality performance, with local green finance impacts both local and neighboring carbon-neutral performance; and (3) green finance impacts carbon-neutral performance at a single threshold and different levels of green finance development affect carbon-neutral performance differently. In the eastern, central, and western regions, the contribution of green finance to carbon-neutral performance gradually decreases. Thus, Chinese authorities should strengthen the green sustainable financing system, promote regional green finance, and enhance the carbon-neutral performance of green finance.