Research on the impact of green finance on China's regional ecological development based on system GMM model

2022 ◽  
Vol 75 ◽  
pp. 102454
Author(s):  
Hongji Zhou ◽  
Guoyin Xu
Keyword(s):  
System Gmm ◽  
Green Finance ◽  
Ecological Development ◽  
The Impact

scholarly journals An Examination of Green Credit Promoting Carbon Dioxide Emissions Reduction: A Provincial Panel Analysis of China

2021 ◽  
Vol 13 (13) ◽  
pp. 7148
Author(s):  
Wenjie Zhang ◽  
Mingyong Hong ◽  
Juan Li ◽  
Fuhong Li
Keyword(s):  
Carbon Dioxide ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Industrial Structure ◽  
Emissions Reduction ◽  
Green Finance ◽  
Carbon Emissions Reduction ◽  
Negative Effect ◽  
Emissions Intensity ◽  
The Impact

The implementation of green finance is a powerful measure to promote global carbon emissions reduction that has been highly valued by academic circles in recent years. However, the role of green credit in carbon emissions reduction in China is still lacking testing. Using a set of panel data including 30 provinces and cities, this study focused on the impact of green credit on carbon dioxide emissions in China from 2006 to 2016. The empirical results indicated that green credit has a significantly negative effect on carbon dioxide emissions intensity. Furthermore, after the mechanism examination, we found that the promotion impacts of green credit on industrial structure upgrading and technological innovation are two effective channels to help reduce carbon dioxide emissions. Heterogeneity analysis found that there are regional differences in the effect of green credit. In the western and northeastern regions, the effect of green credit is invalid. Quantile regression results implied that the greater the carbon emissions intensity, the better the effect of green credit. Finally, a further discussion revealed there exists a nonlinear correlation between green credit and carbon dioxide emissions intensity. These findings suggest that the core measures to promote carbon emission reduction in China are to continue to expand the scale of green credit, increase the technology R&D investment of enterprises, and to vigorously develop the tertiary industry.

scholarly journals Prevalence of mastitis in Nigerian livestock: a Review

2020 ◽  
Vol 1 (1) ◽  
pp. 20-29
Author(s):  
Hussaini Ojagefu Adamu ◽  
Rahimat Oshuwa Hussaini ◽  
Cedric Obasuyi ◽  
Linus Irefo Anagha ◽  
Gabriel Oscy Okoduwa
Keyword(s):  
Control Strategies ◽  
Dairy Farms ◽  
Livestock Production ◽  
Sub Saharan Africa ◽  
Economic Losses ◽  
Ecological Development ◽  
Management Plans ◽  
Sub Saharan ◽  
Control And Management ◽  
The Impact

AbstractMastitis is a disease of livestock that directly impede livestock production and thus hindering the socio-ecological development of sub-Saharan Africa. Studies have estimated the prevalence of this disease in 30% of Africa countries, with Ethiopia having the highest prevalence. The coverage is low, despite the wide livestock and dairy farms distribution in Africa. Furthermore, estimated economic losses due to the impact of mastitis are lacking in Nigeria. The disease is endemic in Nigeria as indicated by the available data and there are no proposed management plans or control strategies. This review is thus presented to serve as a wakeup call to all parties involved to intensify efforts towards the diagnosis, control, and management of the disease in Nigeria.

scholarly journals Green finance: Pandemic and climate change

2021 ◽  
Vol 234 ◽  
pp. 00042
Author(s):  
Igor Klioutchnikov ◽  
Oleg Kliuchnikov
Keyword(s):  
Climate Change ◽  
Green Economy ◽  
Financial Industry ◽  
Environmental Threats ◽  
Global Pandemic ◽  
Green Finance ◽  
People’S Attitudes ◽  
Long Term Impact ◽  
The Impact

In the last decade, green finance has become an important area of tackling the environmental threats associated with climate change and a prerequisite for sustainable development. The Covid-19 outbreak has drawn additional attention to green finance as an economic mechanism for creating healthy living environments. The article examines the impact of COVID-19 on the financial industry, the participation of green finance in the economic recovery after the pandemic in the direction of considering the Paris Agreement on reducing greenhouse gas emissions. The authors put forward the provision on the existence of causal relationships between the "green" financial and "green" economy: "green" finance (reason) is a mechanism for the formation of a "green" economy (consequence). The impact of green finance on society can be greatly enhanced through changes in lifestyles, the behaviour of people and companies, legislative initiatives and government decisions aimed at protecting the health and the environment; climate change and the pandemic have increased the overall fragility of development and created additional risks that are factored into green finance. The article substantiates the position that the global pandemic will have a long-term impact on people's attitudes towards the environment and on the financing of this area. As uncertainty grows about protecting people from disease and mitigating climate change, green finance may become the mainstream of finance.

scholarly journals The impact of agricultural producer price on sustainable food security in Africa – a system GMM approach

2021 ◽  
Vol 7 (3) ◽  
pp. 60-76
Author(s):  
Enoch Kwaw-Nimeson ◽  
Ze Tian
Keyword(s):  
Food Security ◽  
Agricultural Sustainability ◽  
African Countries ◽  
Sustainable Food ◽  
Producer Price ◽  
System Gmm ◽  
Public Investments ◽  
Agricultural Producer ◽  
The One ◽  
The Impact

Purpose. Given the efforts towards achieving the United Nations’ Sustainable Development Goals (SDGs) for food security by 2030, this study investigates the moderating impact of public investments in agriculture on the agricultural producer price – agricultural sustainability nexus in 40 African countries covering the period from 2000 till 2019. Methodology / approach. In this study we used multiple regression techniques to explore a dynamic panel data model based on the one-step system Generalized Method of Moments (System-GMM). Proposed by Arellano and Bover and further developed by Blundell and Bond, the System-GMM estimator was preferred over other techniques because of its efficiency in eliminating the simultaneous biases that are associated with regression model estimations. Specifically, the one-step System-GMM was preferred over the two-step System-GMM for our estimation due to the efficiency of its optimal weighting matrices. Results. The study discovered that although the interactions between public investments on agriculture and agricultural sustainability amplify the positive impact of a set of explanatory variables on agricultural producer price to an extent, the impact on food security in Africa is insignificant. The study also discovers that the net effects of a set of interactive terms on producer price in the developing countries in Africa are slightly lower than in the least-developed countries. The weighted average food security index for the period under study was abysmal 44.54%, indicating moderate food insecurity in Africa. Originality / scientific novelty. In the context of food security literature in Africa, this study is the first attempt at exploring the agricultural producer price – agricultural sustainability nexus based on the moderating impact of public investments on agriculture with the Global Food Security Index (GFSI), a composite food security model developed by the Economist Intelligence Unit (EIU). Among our study proposals it is a call for a detour from the current agricultural investment and producer price policies especially the current ‘one-size-fits-all’ regional frameworks which have proved to be less progressive and less transformative to more robust country/sector-specific frameworks that have the potential to better the fortunes of agriculture and improve food security. Practical value / implications. The current state of agricultural producer price in most African countries is ample proof that the role and importance of the producer price have been gravely diminished. Despite governments’ efforts towards improving food security, the evidence as presented in this study supports the fact that those efforts have not achieved much success. The study, which contains a number of recommendations, highlights agricultural producer price as a potentially important driver of agricultural sustainability and sustainable food security in Africa.

scholarly journals Study on Emission Reduction Strategies of Dual-Channel Supply Chain Considering Green Finance

2021 ◽  
Vol 9 ◽  
Author(s):  
Cheng Che ◽  
Yi Chen ◽  
Xiaoguang Zhang ◽  
Liangyan Zhao ◽  
Peng Guo ◽  
...  
Keyword(s):  
Supply Chain ◽  
Emission Reduction ◽  
Stackelberg Game ◽  
Chain Model ◽  
Carbon Trading ◽  
Dual Channel ◽  
Green Finance ◽  
Emission Reduction Strategies ◽  
Dual Channel Supply Chain ◽  
The Impact

As a weapon for economic development, green finance plays an important supporting and promoting role in the economic recovery and transformation of enterprises in the post-epidemic era. By constructing a dual-channel supply chain model, this paper considers two situations in which manufacturers participate in carbon trading and green finance loans, and uses Stackelberg game to study the impact of different situations on participants’ profits and emission reduction decisions. The results show that: under the carbon trading mechanism, the carbon emission reduction level of the manufacturer is inversely proportional to the relevant price, and the demand and profit of the two channels increase with the increase in emission reduction; when carbon trading and green financial loans are carried out at the same time, participants have lower profits, but with the increase in emission reductions, it is still a growing trend.

scholarly journals Will Green Finance Contribute to a Green Recovery? Evidence From Green Financial Pilot Zone in China

2021 ◽  
Vol 9 ◽  
Author(s):  
Jun Hu ◽  
Juncheng Li ◽  
Xiangyu Li ◽  
Yueyue Liu ◽  
Wenwei Wang ◽  
...  
Keyword(s):  
Eastern Region ◽  
Finance Reform ◽  
Long Run ◽  
Green Finance ◽  
Implementation Effect ◽  
Development Levels ◽  
Set Up ◽  
The Impact ◽  
Micro Enterprises

In the post-epidemic era, green finance plays a more significant role in supporting the “green recovery” of the economy, so it is necessary to evaluate the implementation effect of previous green financial policies. In 2017, the green finance reform and innovation pilot zone set up in five provinces and autonomous regions made an exploration in the development of green finance. From the perspective of micro-enterprises, can this policy play a beneficial policy effect in the long run? Based on the quasi-natural experiment of green finance pilot, using the data of A-share listed companies, this paper empirically tests the impact of pilot policies on the long-term value of green enterprises in pilot areas. It is found that, compared with non-pilot zones, the green finance pilot enables a significant increase in the Tobin Q-measured value of green enterprises in the pilot zones. Heterogeneity analysis shows that green finance pilot has a more significant impact on non-state-owned enterprises, enterprises in traditional industries, large enterprises, and enterprises in the eastern region of China. Green finance pilot zone can achieve better policy effects in areas with stronger environmental impact regulation and higher financial development levels. The mechanism test shows that the green finance pilot affects the long-term value of green enterprises through the capital market effect improving the stock trading activity of enterprises and through the real effect improving the operational efficiency and profitability of enterprises. From the perspective of micro-enterprises, this paper enriches the research on the development effect of green finance and provides theoretical support for the effect evaluation of green finance pilot policies.

scholarly journals The Empirical Research on the Impact of Pro-Environmental Factors on the Financing Cost of Green Bond

2021 ◽  
Author(s):  
Chunlian Zhang ◽  
Ziming Liu ◽  
Yuqing Zeng ◽  
Ou Yang
Keyword(s):  
Environmental Factors ◽  
Environmental Performance ◽  
Third Party ◽  
Socially Responsible ◽  
Financing Cost ◽  
Green Finance ◽  
Tax Relief ◽  
Socially Responsible Investments ◽  
High Pollution ◽  
The Impact

Abstract Green bonds are an important part of green finance and a significant financing method for enterprises to make socially responsible investments. This thesis analyzes the impact of pro-environmental factors on the financing cost of green bonds by the data of green bonds issued from 2016 to 2020. The results show that the better the environmental performance of the issuer's region, the lower the financing cost of green bonds, and the third-party certification reduces the financing cost of green bonds. Further research shows that high pollution areas and high pollution industries enhance the punitive role of environmental pollution financing. Regional environmental performance mainly affects the financing cost of green bonds through tax suppression mechanism and credit penalty mechanism, while third-party certification affects the financing cost of green bonds through tax relief mechanism and financing channel mechanism. This paper provides empirical evidence and policy inspiration for reducing the financing cost of issuing green bonds and promoting the perfection of the green bond system.

scholarly journals Research on the Impact of Green Finance and Fintech in Smart City

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-10 ◽  
Author(s):  
Zheng He ◽  
Zhengkai Liu ◽  
Hui Wu ◽  
Xiaomin Gu ◽  
Yuanjun Zhao ◽  
...  
Keyword(s):  
Smart Cities ◽  
Economic Transformation ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Green Finance ◽  
Green Development ◽  
Lag Model ◽  
The Cost ◽  
The Impact ◽  
Financial Technology

The green development level reflected in the green finance index and the evaluation of the degree of green development in smart cities have important practical effects on economic transformation. For promoting the transformation and upgrading of finance, we select 2013–2019 data and construct a distributed lag model to analyse the important role played by green finance and financial technology in the construction of smart cities. In the paper, we find green finance promotes the construction of smart cities, and only it will not appear until nine months late. Financial technology has an opposite impact on the construction of smart cities, this is mainly because the research and marketization of financial technology are higher, and the cost is also higher. This influence will appear in the next 14 months.

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