School of Law and Business, Wuhan Institute of Technology, Wuhan, 430205, China.
Center for High-Quality Development of Resources, Environment and Economy, Wuhan Institute of Technology, Wuhan, 430205, China.
Environ Sci Pollut Res Int. 2023 Sep;30(45):100753-100769. doi: 10.1007/s11356-023-29444-2. Epub 2023 Aug 28.
As China transitions towards a green and low-carbon energy system, it is crucial to have the support of green finance. In this study, we explore the effects of synergy and spatial spillovers in the development of green finance and the consumption of renewable energy. By taking a synergistic perspective, we aim to provide new insights for energy structure reform. We use a spatial simultaneous equations model in combination with a three-stage generalized spatial least squares approach, our findings are the following: firstly, there is a positive synergy between the development of green finance and the consumption of renewable energy. Secondly, there are positive spatial spillovers in the development of green finance and the consumption of renewable energy, but the regional interaction effects of green finance development on renewable energy consumption are negative. Furthermore, we observe that the impact of renewable energy consumption on green finance development has been increasing since 2013. However, the reverse relationship is not true, indicating that the renewable energy industry has stabilized and is gaining appeal in financial markets. Our study highlights that the development of green finance can promote an increase in renewable energy consumption through the facilitation of economic growth, green technology innovation, and the upgrading of the industrial structure. We emphasize the importance of regional and industrial coordination to create synergy between green finance development and renewable energy consumption.
随着中国向绿色低碳能源体系转型，绿色金融的支持至关重要。本研究探讨了绿色金融发展和可再生能源消费协同和空间溢出的影响。通过采用协同视角，旨在为能源结构改革提供新的见解。我们使用空间联立方程模型结合三阶段广义空间最小二乘法方法，得出以下结论：首先，绿色金融发展和可再生能源消费之间存在积极的协同效应。其次，绿色金融发展和可再生能源消费存在积极的空间溢出效应，但绿色金融发展对可再生能源消费的区域互动效应为负。此外，我们观察到自 2013 年以来，可再生能源消费对绿色金融发展的影响一直在增加。然而，相反的关系并不成立，这表明可再生能源产业已经稳定，并在金融市场上受到欢迎。本研究强调，绿色金融的发展可以通过促进经济增长、绿色技术创新和产业结构升级，来推动可再生能源消费的增加。我们强调区域和产业协调的重要性，以创造绿色金融发展和可再生能源消费之间的协同效应。
