Cited by 626Sustainable Finance and Green BondsEnergy, Environment, Economic GrowthClimate Change Policy and Economics

Green finance, fintech and environmental protection: evidence from China

Open access
Muganyi, Tadiwanashe, Yan, Linnan, Sun, Hua-ping·2021·Environmental Science and Ecotechnology

Abstract

This paper is one of the first to offer a comprehensive analysis of the impact of green finance related policies in China, utilizing text analysis and panel data from 290 cities between 2011 and 2018. Employing the Semi-parametric Difference-in-Differences (SDID) we show that overall China's green finance related policies have led to a significant reduction in industrial gas emissions in the review period. Additionally, we found that Fintech development contributes to the depletion of sulphur dioxide emissions and has a positive impact on environmental protection investment initiatives. China is poised to be a global leader in green finance policy implementation and regulators need to accelerate the formulation of green finance products and enhance the capacity of financial institutions to offer green credit. While minimizing the systemic risk fintech poses, policy makers should encourage fintechs to actively participate in environmental protection initiatives that promote green consumption.

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Crossref · 10.1016/j.ese.2021.100107

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  1. [37]Guo F. Wang J.Y. Wang F. Kong T. Zhang X. Cheng Z.Y. Measuring the development of digital financial inclusion in China: index compilation and spatial characteristics China Economic Quarterly 2019

Cited by

Authors
Muganyi, T., Yan, L., & Sun, H.-P.
Affiliations
Shanghai University (CN)
Venue
Environmental Science and Ecotechnology
Publisher
Elsevier BV
Published
2021-07
Volume
7
Pages
100107
ISSN
  • 2096-9643 (ISSN-L)
  • 2666-4984
OpenAlex
W3181836791
Cited by
626
References
37
Citations by year
2026: 85 · 2025: 134 · 2024: 170 · 2023: 148 · 2022: 78 · 2021: 9 · 2014: 1
FWCI
83.97
Type
journal article
Language
en
Open access
Locations
  • Environmental Science and Ecotechnology (publishedVersion, cc-by-nc-nd)
  • PubMed Central (publishedVersion, cc-by-nc-nd)
  • PubMed (publishedVersion)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
Funders
  • Major Program of National Fund of Philosophy and Social Science of China
  • National Office for Philosophy and Social Sciences (21AZD067)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Finance › Sustainable Finance and Green Bonds
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
Keywords
green finance, fintech, environmental protection, industrial gas emissions, sulfur dioxide emissions, environmental investment, green credit, green finance policy, green consumption, systemic risk, Chinese cities

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