兰州大学机构库 >经济学院
Do pilot zones for green finance reform and innovation promote energy savings? Evidence from China
Zhang, Zhenhua1; Wang, Jing2; Feng, Chao3; Chen, Xi2
2023-08
Source PublicationEnergy Economics   Impact Factor & Quartile Of Published Year  The Latest Impact Factor & Quartile
ISSN0140-9883
Volume124
AbstractThe establishment of pilot zones for green finance reform and innovation (PZGFRI) is an important green financial policy in China and a crucial means to achieve the objective of energy conservation and emissions reduction. This paper uses panel data of 45 prefecture-level cities in Chinese provinces where pilot zones are located from 2004 to 2019 to study the impacts of the PZGFRI on urban energy savings, by constructing Difference-in-Differences models. The results show that the PZGFRI significantly reduce industrial energy consumption but has no effect on residential energy consumption. The PZGFRI achieve energy savings by promoting green technology innovation, and this effect could be weakened by the fiscal extractive capacity of local government. There is regional heterogeneity in the energy-saving effects of the PZGFRI, and there is also heterogeneity in whether the pilot cities are "Energy Conservation and Emission Reduction Demonstration Cities". There are long-term dynamic and spatial spillover effects of the PZGFRI on urban energy savings. These findings not only have practical significance for strengthening energy savings through the green financial policy in China, but also give some important references for other developing countries. © 2023 Elsevier B.V.
KeywordDeveloping countries Emission control Energy policy Energy utilization Engineering research Finance Difference-in-differences models Energy savings Energy conservation and emission reductions Energy-savings Fiscal extractive capacity Green finance Green technology Green technology innovation Technology innovation Urban energy
PublisherElsevier B.V.
DOI10.1016/j.eneco.2023.106763
Indexed ByEI
Language英语
EI Accession Number20232414208196
EI KeywordsEnergy conservation
EI Classification Number451.2 Air Pollution Control ; 525.2 Energy Conservation ; 525.3 Energy Utilization ; 525.6 Energy Policy ; 901.3 Engineering Research
Original Document TypeJournal article (JA)
ESI Hot Paper2023-11 ; 2024-05
ESI Hicited Paper2023-11 ; 2024-01 ; 2024-03 ; 2024-05
Citation statistics
Cited Times:35[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttps://ir.lzu.edu.cn/handle/262010/586780
Collection经济学院
Corresponding AuthorFeng, Chao
Affiliation
1.Institute of Green Finance, Lanzhou University, Lanzhou; 730000, China;
2.School of Economics, Lanzhou University, Lanzhou; 730000, China;
3.School of Economics and Business Administration, Chongqing University, Chongqing; 400044, China
First Author AffilicationLanzhou University
First Signature AffilicationLanzhou University
Recommended Citation
GB/T 7714
Zhang, Zhenhua,Wang, Jing,Feng, Chao,et al. Do pilot zones for green finance reform and innovation promote energy savings? Evidence from China[J]. Energy Economics,2023,124.
APA Zhang, Zhenhua,Wang, Jing,Feng, Chao,&Chen, Xi.(2023).Do pilot zones for green finance reform and innovation promote energy savings? Evidence from China.Energy Economics,124.
MLA Zhang, Zhenhua,et al."Do pilot zones for green finance reform and innovation promote energy savings? Evidence from China".Energy Economics 124(2023).
Files in This Item:
There are no files associated with this item.
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Altmetrics Score
Google Scholar
Similar articles in Google Scholar
[Zhang, Zhenhua]'s Articles
[Wang, Jing]'s Articles
[Feng, Chao]'s Articles
Baidu academic
Similar articles in Baidu academic
[Zhang, Zhenhua]'s Articles
[Wang, Jing]'s Articles
[Feng, Chao]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Zhang, Zhenhua]'s Articles
[Wang, Jing]'s Articles
[Feng, Chao]'s Articles
Terms of Use
No data!
Social Bookmark/Share
No comment.
Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.