Chen Yang1, Ruobing Ning1, Xinyuan Huang1, Xin Liao2
1School of Management, University of Shanghai for Science and Technology, Shanghai, China
2Associate Professor, School of Management, University of Shanghai for Science and Technology, Shanghai, China
This paper uses the panel data of 29 prefecture-level cities in China from 2013 to 2020 to establish a fixed effect model to study the impact of carbon finance development level on urban low-carbon transformation. The results show that: (1) Overall, the development of carbon finance will significantly promote the low-carbon transformation of Chinese cities; (2) the impact of carbon finance development on urban low-carbon transformation has regional heterogeneity, with the greatest impact on the eastern region, followed by the central region, and the impact on the western region is reversed.
Carbon Finance, Low Carbon Economy Enterprise, Panel Regression
Chen Yang, Ruobing Ning, Xinyuan Huang, Xin Liao. The Impact of Carbon Finance Development Level on Urban Low-Carbon Transformation—Based on the Data of Prefecture-Level Cities in China. Academic Journal of Business & Management (2023) Vol. 5, Issue 7: 17-25. https://doi.org/10.25236/AJBM.2023.050704.
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