业务
温室气体
面板数据
差异中的差异
自然资源经济学
财务
环境经济学
经济
生态学
生物
计量经济学
作者
Chuanwang Sun,Yuan Zeng
出处
期刊:Energy Policy
[Elsevier]
日期:2023-09-01
卷期号:180: 113679-113679
被引量:2
标识
DOI:10.1016/j.enpol.2023.113679
摘要
Green finance is important in carbon reduction, but few studies pay attention to Green Credit Policy (GCP). This study examines the relationship between GCP and CO2 emissions of Chinese heavily polluting enterprises (HPEs). Taking the implementation of Green Credit Guidelines (GCG) as a quasi-natural experiment, we design a Difference-in-Difference (DID) model using panel data. The evidence reveals that GCG can indirectly decrease CO2 emissions by increasing financing costs and improving technical efficiency. Further studies find that companies with non-state background, medium-sized companies and companies in eastern regions are more sensitive to the policy. The paper provides policy implications for building a green financial system and supporting endeavors to achieve carbon peak and carbon neutrality.
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