Will Green Finance Become a New Driving Force for Environmental Governance in The Post-Covid-19 Era: Evidence from China

Authors

Siyu Ren, Nankai University, Tianjin, ChinaFollow
Mingyue Du, Beijing Technology and Business University, Beijing, ChinaFollow

Document Type

Article

Abstract

Green finance stimulus plan has become an important tool for environmental governance in the post-COVID-19 era. This paper investigates the emission reduction effect and impact mechanism of green finance (GF). The empirical results indicate that GF reduces environmental pollution. This reduction effect is attributed to a promotion in green innovation and industrial upgrading. The emission reduction effect of GF reflects the threshold characteristics. Specifically, stricter environmental regulation increases the inhibitory effect of GF on pollution

Recommended Citation

Ren, Siyu and Du, Mingyue (2024) "Will Green Finance Become a New Driving Force for Environmental Governance in The Post-Covid-19 Era: Evidence from China," Bulletin of Monetary Economics and Banking: Vol. 27: No. 1, Article 7.
DOI: https://doi.org/10.59091/2460-9196.2229
Available at: https://bulletin.bmeb-bi.org/bmeb/vol27/iss1/7

First Page

151

Last Page

166

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

China

Affiliation

Nankai University, Tianjin