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Optimization path of green credit to energy consumption structure: A symbiotic development perspective of resource-based and non-resource-based industries

Author

Listed:
  • Wei Qiu
  • Yaojun Bian
  • Muhammad Irfan
  • Yanan Li

Abstract

In the context of ecological environment construction, how to create a new development pattern in which environment and economy are coordinated has become an important goal of the Chinese government. From the perspective of the symbiotic development of resource-based industries and non-resource industries, this study discusses the path of green credit optimization of energy consumption structure by using the space Durbin model, based on the panel data from 30 Chinese provinces from 2006 to 2019. The study results are as follows: Both green credit and energy consumption structure have a significant positive spatial correlation. Furthermore, the energy consumption structure of local and adjacent areas is significantly optimized by green credit. Additionally, for non-resource-based regions, although green credit has no spatial spillover, it can significantly improve the local energy consumption structure, while green credit in resource-based regions significantly inhibits the optimization of the energy consumption structure in local and adjacent regions. Finally, from the perspective of the symbiotic development of resource-based industries and non-resource industries, although green credit can significantly improve the local energy consumption structure, it will inhibit the optimization of the energy consumption structure in adjacent areas. Therefore, government departments not only need to implement green credit policies according to local conditions but also actively guide exchanges and cooperation between resource-based industries and non-resource industries. This move promotes the symbiotic development of resource-based industries and non-resource industries and simultaneously improves the utilization efficiency of green credit, and optimizes the energy consumption structure.

Suggested Citation

  • Wei Qiu & Yaojun Bian & Muhammad Irfan & Yanan Li, 2024. "Optimization path of green credit to energy consumption structure: A symbiotic development perspective of resource-based and non-resource-based industries," Energy & Environment, , vol. 35(1), pages 3-22, February.
    • Handle: RePEc:sae:engenv:v:35:y:2024:i:1:p:3-22
    DOI: 10.1177/0958305X221120258
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    5. Wei Qiu & Yunfei Zhang & Lingzhang Kong, 2024. "Promoting Industrial Symbiosis: Does the Synergistic Drive of Innovation and Domestic Demand Work? Evidence from Listed Enterprises in China," Sustainability, MDPI, vol. 17(1), pages 1-33, December.

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