Academic Journal of Humanities & Social Sciences, 2023, 6(11); doi: 10.25236/AJHSS.2023.061107.
Yuqing Wang1, Ling Jiang2
1School of Finance, Anhui University of Finance and Economics, Bengbu, China
2School of Economics, Anhui University of Finance and Economics, Bengbu, China
Based on the panel data of 282 Chinese cities from 2014 to 2022, this paper conducts an empirical analysis of the impact of green finance development on urban carbon productivity by constructing a difference-in-differences model. It is found that the implementation of green finance policy promotes the improvement of urban carbon productivity; Green finance policy has a positive effect on urban carbon productivity by promoting green technology innovation, improving energy structure and environmental protection willingness. The effect of green finance policy on carbon productivity is mainly reflected in non-resource-based cities. Therefore, it is suggested to widely implement pilot policies of green finance reform, actively guide financial institutions to gradually transfer to green finance and carbon sink finance business, and guide substantial green technology innovation to promote urban low-carbon transformation.
Pilot Reform and Innovation of Green Finance; Carbon Productivity; Differential Model; Carbon Reduction
Yuqing Wang, Ling Jiang. An Empirical Study on the Impact of Green Finance Development on Urban Carbon Productivity. Academic Journal of Humanities & Social Sciences (2023) Vol. 6, Issue 11: 44-49. https://doi.org/10.25236/AJHSS.2023.061107.
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