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Influence of Green Finance on Ecological Environment Quality in Yangtze River Delta

Author

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  • Meili Tang

    (School of Marxism, Nanjing University of Information Science & Technology, Nanjing 210044, China)

  • Jia’ni Ding

    (School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China)

  • Haojia Kong

    (School of Economics and Management, Nanjing University of Science & Technology, Nanjing 210094, China)

  • Brandon J. Bethel

    (School of Marine Sciences, Nanjing University of Information Science & Technology, Nanjing 210044, China)

  • Decai Tang

    (School of Management Science and Engineering, Nanjing University of Information Science & Technology, Nanjing 210044, China)

Abstract

Along with the development of society and the deepening contradiction between economic growth and natural resources, green finance has attracted more and more attention. As an area of great strategic significance in China’s modernization, the development of green finance can improve the quality of its ecological environment and find new economic growth points for it. Based on the index system of pressure state response and while considering the scientific nature and desirability of the indicators, this paper selects 12 indicators to construct an index system of eco-environmental quality. It uses the entropy method to calculate the level of eco-environmental quality. Then, three control variables are selected, and the difference-in-difference model is used for empirical analysis. It is found that green finance positively affects the ecological environment quality of the Yangtze River Delta. In addition, the level of opening to the outside world and the level of economic development also have a positive effect on the quality of the ecological environment to a certain extent. Still, the impact of industrial structure on it is negative. Therefore, this paper puts forward some suggestions for strengthening the disclosure of green financial information, paying attention to the concept of green development and strengthening regional cooperation and exchange to promote the development of green finance further and promote the coordination of economic development and ecological protection in the Yangtze River Delta.

Suggested Citation

  • Meili Tang & Jia’ni Ding & Haojia Kong & Brandon J. Bethel & Decai Tang, 2022. "Influence of Green Finance on Ecological Environment Quality in Yangtze River Delta," IJERPH, MDPI, vol. 19(17), pages 1-12, August.
    • Handle: RePEc:gam:jijerp:v:19:y:2022:i:17:p:10692-:d:899473
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    References listed on IDEAS

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    1. Ning Zhang & Jinhua Sun & Yu Tang & Jianqun Zhang & Valentina Boamah & Decai Tang & Xiaoxue Zhang, 2023. "How Do Green Finance and Green Technology Innovation Impact the Yangtze River Economic Belt’s Industrial Structure Upgrading in China? A Moderated Mediation Effect Model Based on Provincial Panel Data," Sustainability, MDPI, vol. 15(3), pages 1-22, January.

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