Dual control of energy consumption is an effective method proposed in China to launch and deepen the transition in energy use.It has obtained favorable results;however,the resource consumption and pollution emissions ...Dual control of energy consumption is an effective method proposed in China to launch and deepen the transition in energy use.It has obtained favorable results;however,the resource consumption and pollution emissions per unit of Gross Domestic Product(GDP)remain high.This article quantitatively studies the current policies’effects to promote the advancement of dual control of energy consumption and develop future policies.Green production and consumption policies promote the development of dual control of energy consumption;therefore,this paper examines these policies through text mining and a quantitative evaluation system.The results suggest strong state demand for developing green production and consumption and the necessity for scientific evaluation;however,the state’s focus on the relevant policy tools is imbalanced.Constraint policy tools have the highest proportion of restricting pollutant emissions but lack comprehensiveness.Incentive and guidance policy tools have the problems of poor targets and low volume.Additionally,by constructing policy modeling consistency(PMC)index models for evaluating green production and consumption policies,six selected policies indicate solid performance,but some still have problems regarding policy timeframe,policy function,and green process.Based on the conclusions,this paper provides some targeted recommendations.展开更多
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...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.展开更多
基金supported by the National Social Science Foundation of China[Grant No.20ZDA087].
文摘Dual control of energy consumption is an effective method proposed in China to launch and deepen the transition in energy use.It has obtained favorable results;however,the resource consumption and pollution emissions per unit of Gross Domestic Product(GDP)remain high.This article quantitatively studies the current policies’effects to promote the advancement of dual control of energy consumption and develop future policies.Green production and consumption policies promote the development of dual control of energy consumption;therefore,this paper examines these policies through text mining and a quantitative evaluation system.The results suggest strong state demand for developing green production and consumption and the necessity for scientific evaluation;however,the state’s focus on the relevant policy tools is imbalanced.Constraint policy tools have the highest proportion of restricting pollutant emissions but lack comprehensiveness.Incentive and guidance policy tools have the problems of poor targets and low volume.Additionally,by constructing policy modeling consistency(PMC)index models for evaluating green production and consumption policies,six selected policies indicate solid performance,but some still have problems regarding policy timeframe,policy function,and green process.Based on the conclusions,this paper provides some targeted recommendations.
基金Key Program of National Social Science Fund of China(21AZD067).
文摘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.
