The Effect of Green Finance on Energy Sustainable Development: A Case Study in China
By Bufang Zhang, Yifeng Wang. 2019
186 citations recorded by the source corpus.
ABSTRACT Green finance development is a comprehensive system with three aspects interacted: economic, environmental, and financial activities. Based on its internal mechanism, this paper constructs an evaluation system of green finance development, which fills the absence of existing studies on green finance development. The internal development of green finance is transformed into three subsystems by PSR (Pressure-State-Response) model, and the evaluation scores are calculated by the entropy weight method. As the applications of the evaluation system, the horizontal comparison and vertical trend of green finance development in different regions of China from 2004 to 2017 are analyzed, and the relationship between green finance and sustainable energy development can also be quantitatively analyzed. The results show that sustainable energy development can be promoted through the development of green finance, using various measures in dimensions of economic development, financial development, and environmental development.
Subfields: Economics and Econometrics, Pollution, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/697c7db715a90d3bf9a5506731c2b5c77deaf6bd
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In Economics and Econometrics
In Renewable Energy, Sustainability and the Environment
Citations in the corpus
- The Measurement of Green Finance Development Index and Its Poverty Reduction Effect: Dynamic Panel Analysis Based on Improved Entropy Method (2020, methodology): “…to measure the GFI by the entropy weight method.2e entropymethod has been widely used in financial research [18–25], for example,Wang et al. (2008), Wang et al. (2015), Jin and Liu (2017), Gong et al. (2019), Dai and Niu (2019), Long et al. (2019), Zhang and Wang (2019), and Jiang et al. (2019).”