Abstract
ABSTRACT During high-quality economic development, reducing energy intensity is a key step towards reducing environmental pressures. Considering that the industrial sector is the main energy-consuming sector, green finance can complement traditional environmental regulation while allocating financial resources. Therefore, this research paper aims to investigate the connection between the development of green finance and the intensity of industrial energy consumption. To accomplish this, a dynamic spatial Durbin model is constructed using panel data from 30 regions in China spanning the period from 2006 to 2019. Research revealed that: China’s industrial energy consumption intensity has a significant time lag and spatial lag. Industrial energy intensity is influenced by the spatial distribution of green finance, which in turn has a negative effect on the growth of industrial energy intensity. This means that as green finance develops in the surrounding area, it also decreases the energy consumption intensity within local industries.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
