Green finance innovation and carbon neutrality strategies: sustainable development pathways and policy frameworks

Introduction This paper analyzes the influence of green finance innovation on the green innovation ability of Shanxi Huangtupo Coal Industry Group Co., Ltd. Methods By constructing a fixed-effect model. This study uses the number of green patent applications by enterprises as indicator to measure green innovation, with the green finance development index as a key explanatory variable, while controlling for other factors such as asset-liability ratio and listing time. Results The results show that there is a significant positive correlation between green finance innovation and the green innovation of enterprises, indicating that the development of green finance has effectively promoted the green technology innovation in enterprises, which helps to achieve carbon neutrality. Discussion The study provides a reference for policymakers to promote the development of lowcarbon economy through financial policies. Linking green finance innovation with the green innovation capabilities of specific high emission sector enterprises provides new insights into the role of green finance in promoting enterprise carbon neutrality.

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Publication Details

Journal
Frontiers in Environmental Science
Published
2024-12-04
DOI
https://doi.org/10.3389/fenvs.2024.1485614
Citations
3
Primary Topic
Energy, Environment, Economic Growth
Type
article
Field-Weighted Citation Impact
3.39
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article

Green finance innovation and carbon neutrality strategies: sustainable development pathways and policy frameworks

Dongdong Dong, Qing Yu, Xueqin Dong
3 citations
Frontiers in Environmental Science
Energy, Environment, Economic Growth
3.39
article

Green finance innovation and carbon neutrality strategies: sustainable development pathways and policy frameworks

Dongdong Dong, Qing Yu, Xueqin Dong
article en
3 citations

Abstract

Introduction This paper analyzes the influence of green finance innovation on the green innovation ability of Shanxi Huangtupo Coal Industry Group Co., Ltd. Methods By constructing a fixed-effect model. This study uses the number of green patent applications by enterprises as indicator to measure green innovation, with the green finance development index as a key explanatory variable, while controlling for other factors such as asset-liability ratio and listing time. Results The results show that there is a significant positive correlation between green finance innovation and the green innovation of enterprises, indicating that the development of green finance has effectively promoted the green technology innovation in enterprises, which helps to achieve carbon neutrality. Discussion The study provides a reference for policymakers to promote the development of lowcarbon economy through financial policies. Linking green finance innovation with the green innovation capabilities of specific high emission sector enterprises provides new insights into the role of green finance in promoting enterprise carbon neutrality.

Frontiers in Environmental ScienceVol. 12
Sun Yat-sen University (CN), Wuchang University of Technology (CN), City University of Macau (MO)
Industry, innovation and infrastructure
Openalex Percentile: Top 6%
Energy, Environment, Economic Growth
3.39
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Green finance innovation and carbon neutrality strategies: sustainable development pathways and policy frameworks — Dongdong Dong, Qing Yu, et al. · Frontiers in Environmental Science (2024) | TGRS Research Map | TGRS