Finance for a Greener Future: Exploring the Impact of Green Finance on Dual Control of Urban Carbon Emissions
より環境に優しい未来のための金融：グリーンファイナンスが都市の炭素排出の二重規制に与える影響の探求 (AI 翻訳)
Tian Zhang, Junhan Zhang
🤖 gxceed AI 要約
日本語
2010〜2022年の中国260都市のパネルデータを用い、グリーンファイナンスが総炭素排出量と排出原単位に与える影響を分析。グリーンファイナンスは両指標を有意に削減し、効果は金融手段や地域によって異なる。空間分析では、近隣都市への排出移転効果が確認され、地域間協調の重要性が示された。
English
Using panel data from 260 Chinese cities (2010-2022), this study finds that green finance significantly reduces total carbon emissions and intensity, with heterogeneous effects across financial instruments and regions. Spatial analysis reveals cross-city pollution transfer, highlighting the need for regional coordination in green finance policy.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本のGX実践において、グリーンファイナンスの効果が地域間で異なる点や、排出移転のリスクは、地域分散型のエネルギー政策やカーボンプライシング設計に示唆を与える。特に、SSBJ開示や移行金融の枠組みで、地域特性を考慮した効果測定の重要性が示唆される。
In the global GX context
This study contributes to global climate finance literature by providing empirical evidence on the effectiveness of green finance instruments and highlighting spatial spillovers. It informs international policymakers designing green finance frameworks, emphasizing the need for regional coordination to avoid carbon leakage.
👥 読者別の含意
🔬研究者:Provides robust empirical evidence on green finance effectiveness and spatial dynamics, useful for further research on policy design.
🏢実務担当者:Highlights which green finance instruments work best for different regional contexts, aiding corporate and municipal sustainability strategies.
🏛政策担当者:Demonstrates the importance of regional coordination in green finance policy to prevent cross-city pollution transfer.
📄 Abstract（原文）
Green finance can support sustainable urban transition, but its effectiveness depends on local institutions and cross-city interactions. Using balanced panel data for 260 Chinese cities from 2010 to 2022, this study examines the effects of green finance on total carbon emissions and carbon emission intensity using two-way fixed-effects, moderation, and spatial Durbin models. The results show that green finance significantly reduces total emissions and carbon intensity, with coefficients of −0.0954 and −0.1797, respectively. The effects are heterogeneous: green credit and green bonds reduce both outcomes, green funds mainly reduce carbon intensity, and green insurance has no significant effect; eastern cities mainly exhibit total emission reduction, central and western cities mainly exhibit intensity reduction, and northeastern cities benefit in both dimensions. Environmental regulation strengthens both effects, whereas financial governance and public participation mainly strengthen total emission control. The investment environment weakens intensity reduction, while government environmental attention weakens total emission control but strengthens intensity reduction. Spatial analysis finds significant local reductions, but the indirect effect on neighboring cities’ total emissions is positive (0.465), consistent with a cross-city pollution transfer effect. These findings show that green finance can advance sustainable urban development when instrument design, institutional governance, and regional coordination prevent the transfer of carbon burden between cities.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.3390/su18157900first seen 2026-08-09 05:46:19
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