File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: The impact of green finance on energy transition: Does climate risk matter?

TitleThe impact of green finance on energy transition: Does climate risk matter?
Authors
KeywordsChina
Climate risk
Energy transition
Green finance
Issue Date1-Jan-2024
PublisherElsevier
Citation
Energy Economics, 2024, v. 129 How to Cite?
Abstract

With increased concerns regarding environmental deterioration and a growing understanding of the need for sustainable development, measures to promote energy transition (ET) have become a hot issue among academics and policymakers. In contrast to previous ET research, this study explores the impact of green finance (GF) on China's ET by considering the role of climate risk in the period from 2011 to 2020. Our results indicate that GF development has a significant impact which accelerates ET, and the effects are heterogenous, demonstrating that GF is more likely to be instrumental in driving ET in regions with more advanced socioeconomic circumstances and more favorable sustainable development environments. We also find that climate risk has a moderating role and a threshold effect on the GF–ET nexus is evident, indicating that climate risk has an unfavorable role in accelerating energy transformation. These findings offer valuable insights into advancing the sustainable ET and suggests that the government specifically prioritize the impact of climate risk in the development and deployment of a GF framework.


Persistent Identifierhttp://hdl.handle.net/10722/348251
ISSN
2023 Impact Factor: 13.6
2023 SCImago Journal Rankings: 3.555

 

DC FieldValueLanguage
dc.contributor.authorLee, Chi Chuan-
dc.contributor.authorSong, Hepeng-
dc.contributor.authorAn, Jiafu-
dc.date.accessioned2024-10-08T00:31:14Z-
dc.date.available2024-10-08T00:31:14Z-
dc.date.issued2024-01-01-
dc.identifier.citationEnergy Economics, 2024, v. 129-
dc.identifier.issn0140-9883-
dc.identifier.urihttp://hdl.handle.net/10722/348251-
dc.description.abstract<p>With increased concerns regarding environmental deterioration and a growing understanding of the need for sustainable development, measures to promote energy transition (ET) have become a hot issue among academics and policymakers. In contrast to previous ET research, this study explores the impact of green finance (GF) on China's ET by considering the role of climate risk in the period from 2011 to 2020. Our results indicate that GF development has a significant impact which accelerates ET, and the effects are heterogenous, demonstrating that GF is more likely to be instrumental in driving ET in regions with more advanced socioeconomic circumstances and more favorable sustainable development environments. We also find that climate risk has a moderating role and a threshold effect on the GF–ET nexus is evident, indicating that climate risk has an unfavorable role in accelerating energy transformation. These findings offer valuable insights into advancing the sustainable ET and suggests that the government specifically prioritize the impact of climate risk in the development and deployment of a GF framework.</p>-
dc.languageeng-
dc.publisherElsevier-
dc.relation.ispartofEnergy Economics-
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.subjectChina-
dc.subjectClimate risk-
dc.subjectEnergy transition-
dc.subjectGreen finance-
dc.titleThe impact of green finance on energy transition: Does climate risk matter?-
dc.typeArticle-
dc.identifier.doi10.1016/j.eneco.2023.107258-
dc.identifier.scopuseid_2-s2.0-85179891152-
dc.identifier.volume129-
dc.identifier.eissn1873-6181-
dc.identifier.issnl0140-9883-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats