Yao Fengge, Qin Zenan, Wang Xiaomei, Chen Mengyao, Noor Adeeb, Sharma Shubham, Singh Jagpreet, Kozak Dražan, Hunjet Anica
Finance of School, Harbin University of Commerce, Harbin, China.
School of Tourism and Culinary Arts, Harbin University of Commerce, Harbin, China.
Heliyon. 2023 May 11;9(5):e16160. doi: 10.1016/j.heliyon.2023.e16160. eCollection 2023 May.
The development of a country is inseparable from the material guarantee mainly based on energy, but energy is limited, which may restrict the sustainable development of the country. It is very necessary to accelerate the adoption of programs aimed at switching non-renewable energy sources to ones that are, and giving priority to improving renewable energy consumption and storage capabilities. From the experience of the G7 economies, the development of renewable energy (RE) is inevitable and urgent. The China Banking Regulatory Commission has recently issued a number of directives, such as the "Directives for Green Credit" and "Instructions for Granting Credit to Support Energy Conservation and Emission Reduction," to help businesses that use "renewable energy expand". This article firstly discussed the definition of the "green institutional environment" (GIE) and the construction of the index system. Then, on the basis of clarifying the relationship between the GIE, and RE investment theory, a semi-parametric regression model was constructed to empirically analyze the mode and effect of the GIE. Considering the balance between improving model accuracy and reducing computational complexity, the number of hidden nodes opted in this study is 300 so as to lower the time needed to predict the model. Finally, from the perspective of enterprise scale, the level of GIE played a significant role in promoting RE investment in small and medium-sized enterprises, with a coefficient of 1.8276, while the impact on RE investment in large enterprises had not passed the significance test. Based on the conclusions, the government should focus on building a GIE dominated by green regulatory systems, supplemented by green disclosure and supervision systems, and green accounting systems, and should make reasonable plans for releasing various policy directives. At the same time, while offering full play to the guiding role of the policy, its rationality should also be paid attention to, and the excessive implementation of the policy should be avoided, so that an orderly, and good GIE can be created.
一个国家的发展离不开以能源为主要基础的物质保障,但能源是有限的,这可能会制约国家的可持续发展。加速采用旨在将不可再生能源转换为可再生能源的方案,并优先提高可再生能源的消费和存储能力非常必要。从七国集团经济体的经验来看,可再生能源(RE)的发展是不可避免且紧迫的。中国银行业监督管理委员会最近发布了多项指令,如《绿色信贷指引》和《节能减排授信工作指导意见》,以帮助使用“可再生能源的企业扩大规模”。本文首先讨论了“绿色制度环境”(GIE)的定义和指标体系的构建。然后,在厘清GIE与RE投资理论之间关系的基础上,构建了半参数回归模型,对GIE的模式和效果进行实证分析。考虑到在提高模型精度和降低计算复杂度之间取得平衡,本研究选择的隐藏节点数量为300,以减少模型预测所需的时间。最后,从企业规模的角度来看,GIE水平对中小企业的RE投资具有显著的促进作用,系数为1.8276,而对大企业的RE投资影响未通过显著性检验。基于这些结论,政府应着力构建以绿色监管体系为主导,辅以绿色披露与监督体系、绿色会计体系的GIE,并合理规划各项政策指令的发布。同时,在充分发挥政策引导作用的同时,也应注意其合理性,避免政策过度实施,从而营造一个有序、良好的GIE。