School of Business, Fuzhou Institute of Technology, Fuzhou, 350506, Fujian, China.
School of Economic and Management, Fuzhou University of International Studies and Trade, Fuzhou, 350202, Fujian, China.
Environ Sci Pollut Res Int. 2022 Oct;29(48):73365-73381. doi: 10.1007/s11356-022-20189-y. Epub 2022 May 27.
This paper examined the impact of green finance and financial technology on economic growth by utilizing statistics between 1990 to 2000 gathered from 50 US states and regions. A two-step generalized GMM was used to analyze the link between green finance, financial technology, and continued economic growth using panel regression analysis. We found that the US green finance sector had grown significantly and such growth was accompanied by an increase in the usage of non-combustible energy and an advancement in the green finance economic forum. This research concludes that green financing has a beneficial impact on all three components of continued financial development. There is a favorable influence of financial technology on green finance in environmental and economic dimensions, although the link between green banking and investment performance is only somewhat affected by technology. When total emissions increased, non-oil energy usage did not grow and initiatives for renewable energy initiatives were lacking. As a result, there was a decline in the growth of green finance. Green funding and total emissions had a significant impact on the US non-combustible energy usage as did explicit policy changes. The recommendation is also canvassed to strengthen the adoption of green financing policies, increase the use of non-combustible energy, and build an alternative energy economy. It also offers three policy recommendations for policymakers, namely, to improve the integration of banking technology with green finance, develop a corporate environmental approach to manage and control state authorities in increasing green finance productivity, and generate medium- and long-term favorable steps to support green finance in the financial market.
本文利用 1990 年至 2000 年从美国 50 个州和地区收集的统计数据，考察了绿色金融和金融科技对经济增长的影响。采用两步广义矩估计（GMM）方法，通过面板回归分析，研究了绿色金融、金融科技与持续经济增长之间的关系。结果表明，美国绿色金融部门显著增长，这种增长伴随着不可燃能源使用的增加和绿色金融经济论坛的发展。研究结论认为，绿色融资对持续金融发展的所有三个组成部分都有积极影响。金融科技对绿色金融在环境和经济方面都有积极影响，尽管绿色银行和投资绩效之间的联系仅受到技术的一定影响。当总排放量增加时，非石油能源的使用并未增加，可再生能源倡议的举措也缺乏。因此，绿色金融的增长出现下降。绿色资金和总排放量对美国不可燃能源的使用有重大影响，明确的政策变化也是如此。本文还提出了加强绿色融资政策的采用、增加不可燃能源的使用以及建立替代能源经济的建议。本文为政策制定者提供了三条政策建议，即提高银行技术与绿色金融的融合度、制定企业环境方法以管理和控制国家机构，提高绿色金融的生产力，以及在金融市场中采取有利于绿色金融的中长期措施。
