Fu Maozheng, Huang Sujuan, Ahmed Sheeraz
School of Finance and Economics, Hainan Vocational University of Science and Technology, Haikou, Hainan, 571126, China.
Information and Communication Processing Center (ICPC), Mehran University of Engineering and Technology, Jamshoro 76062, Pakistan.
Heliyon. 2024 May 10;10(10):e31099. doi: 10.1016/j.heliyon.2024.e31099. eCollection 2024 May 30.
The escalating urgency to address environmental degradation and promote sustainable development globally has emphasized the critical role of Green Finance (GF) in fostering responsible practices across industries. The tourism sector has drawn significant attention due to its substantial environmental impact, necessitating the implementation of robust financial mechanisms to mitigate its ecological footprint. China, recognized as a key player in the global tourism arena, the convergence of rapid economic expansion and the imperative for environmental conservation presents a distinctive set of challenges and opportunities. The study employed the Fuzzy Analytic Hierarchy Process (AHP) and Fuzzy Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) methodologies to systematically evaluate the impact of GF. The findings of fuzzy AHP indicate the critical role of environmental sustainability measures (GF2) as the topmost impacting factor. This refers to the practice of utilizing financial mechanisms and instruments to support initiatives that promote environmental conservation, minimize ecological footprints, and foster sustainable development. While financial allocation and effectiveness (GF1) and policy and regulatory framework impact (GF4) also hold significant importance in shaping sustainable tourism development. Moreover, the results of fuzzy TOPSIS identified top strategies such as green bond innovation for ecosystem regeneration (S1) and circular economy integration (S4), which can play a significant role in promoting sustainable tourism practices by facilitating initiatives aimed at ecosystem regeneration and integrating circular economy principles into the tourism industry.
全球应对环境退化和促进可持续发展的紧迫性不断升级，凸显了绿色金融（GF）在推动各行业负责任行为方面的关键作用。旅游业因其巨大的环境影响而备受关注，因此需要实施强有力的金融机制来减轻其生态足迹。中国是全球旅游领域的关键参与者，经济的快速扩张与环境保护的迫切需求相互交织，带来了一系列独特的挑战和机遇。该研究采用模糊层次分析法（AHP）和与理想解相似性优先排序法（TOPSIS）来系统评估绿色金融的影响。模糊层次分析法的结果表明，环境可持续性措施（GF2）作为最具影响力的因素发挥着关键作用。这是指利用金融机制和工具来支持促进环境保护、减少生态足迹和推动可持续发展的举措。虽然资金分配与有效性（GF1）以及政策和监管框架影响（GF4）在塑造可持续旅游发展方面也具有重要意义。此外，模糊TOPSIS的结果确定了诸如生态系统恢复的绿色债券创新（S1）和循环经济整合（S4）等顶级策略，这些策略通过推动旨在生态系统恢复的举措以及将循环经济原则融入旅游业，在促进可持续旅游实践方面可以发挥重要作用。
