Abstract
With increased concerns regarding environmental deterioration and a growing understanding of the need for sustainable development, measures to promote energy transition (ET) have become a hot issue among academics and policymakers. In contrast to previous ET research, this study explores the impact of green finance (GF) on China's ET by considering the role of climate risk in the period from 2011 to 2020. Our results indicate that GF development has a significant impact which accelerates ET, and the effects are heterogenous, demonstrating that GF is more likely to be instrumental in driving ET in regions with more advanced socioeconomic circumstances and more favorable sustainable development environments. We also find that climate risk has a moderating role and a threshold effect on the GF–ET nexus is evident, indicating that climate risk has an unfavorable role in accelerating energy transformation. These findings offer valuable insights into advancing the sustainable ET and suggests that the government specifically prioritize the impact of climate risk in the development and deployment of a GF framework.
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.
