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Does green finance achieve its goal of promoting coordinated development of economy–environment? Using the pollutant emission efficiency as a proxy

Author

Listed:
  • Xinmeng Tang

    (University of Science and Technology Beijing)

  • Xiaoguang Zhou

    (University of Science and Technology Beijing)

  • Moustafa Mohamed Nazief Haggag Kotb Kholaif

    (University of Science and Technology Beijing
    Tanta University)

Abstract

This study attempts to explore the issue of whether green finance can achieve its goal of promoting coordinated development of the economy–environment, through taking the pollutant emission efficiency as a proxy. Using the panel data of 30 provinces in China from 2010 to 2020, based on calculating the indexes of green finance and pollutant emission efficiency, effects of green finance on pollutant emission efficiency are explored, and the spatial spillover process and its characteristics in the transformation progression of green finance are also identified; results show that: (1) green finance can effectively improve the pollutant emission efficiency nationwide, and there is regional heterogeneity in the impact of green finance, the strongest effect exists in the North and East, while the Northwest and Southwest behave more extreme heterogeneity of pollutant types; (2) green finance also produces a strong spillover effect on improving the economic-environment relationship in neighboring areas; also, there are significant regional differences in the spatial spillover effects of green finance; it is the Northwest and East that show the strongest effects; (3) there are noticeable geographic attenuation processes of green finance’s pollutant emission spillover effects, including geographic attenuation boundary and influence dense areas.

Suggested Citation

  • Xinmeng Tang & Xiaoguang Zhou & Moustafa Mohamed Nazief Haggag Kotb Kholaif, 2024. "Does green finance achieve its goal of promoting coordinated development of economy–environment? Using the pollutant emission efficiency as a proxy," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(4), pages 9973-10002, April.
    • Handle: RePEc:spr:endesu:v:26:y:2024:i:4:d:10.1007_s10668-023-03129-9
    DOI: 10.1007/s10668-023-03129-9
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