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Green finance and bird diversity: Evidence from China

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  • Huang, Xiaohong
  • Wang, Yizhen
  • Huang, Qianru

Abstract

We explore the impact of China's pilot zones for green finance reform and innovation (PZGFRI) policy on bird diversity. Based on citizen science data in China from 2015 to 2023, we find that the implementation of China's PZGFRI policy has increased the bird species richness and bird abundance. The results remain valid after a series of robustness tests, including controls for spatial autocorrelation, sample selection bias, instrumental variable test and so forth. Furthermore, mechanism tests indicate that green finance drives biodiversity by protecting habitat, reducing air pollutant emissions, and promoting green innovation. Overall, this study provides an important basis for boosting biodiversity through green finance channels.

Suggested Citation

  • Huang, Xiaohong & Wang, Yizhen & Huang, Qianru, 2026. "Green finance and bird diversity: Evidence from China," Economic Modelling, Elsevier, vol. 157(C).
    • Handle: RePEc:eee:ecmode:v:157:y:2026:i:c:s0264999326000076
    DOI: 10.1016/j.econmod.2026.107478
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    JEL classification:

    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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