Nonnegligible transition risks towards net-zero economy: Lessons from green finance initiatives in China.

Owing to critical policy significance, a growing body of literature has been predominantly concentrating on the social welfare benefits brought by green finance (GF) initiatives. However, there is a paucity of research that quantifies the economic costs of GF initiatives on carbon reduction, raising the increasing concerns about the irreconcilable climate-economy trade-offs. To end this, the present study systematically investigates the influence of GF initiatives on the carbon-related marginal abatement cost (MAC) using two competing hypotheses: regulatory versus technical effects.

A step toward inclusive green growth: can digital finance be the main engine?

Inclusive green growth (IGG) has become a worldwide consensus to achieve the target of sustainable development goals. Although the prominent role of digital finance (DF) against the pandemic has drawn considerable attention from policymakers, its plausible effect on IGG and underlying mechanisms have not been distinctly explored in academia. The aim of the study is to explore the causal effect of DF on IGG based on prefecture city-level data from 2011 to 2019 in China.

Towards inclusive green growth: does digital economy matter?

In this decade, China has been pursuing an inclusive green growth strategy. Concurrently, the digital economy, which relies on the Internet of Things, big data, and artificial intelligence, has experienced explosive growth in China. The digital economy's capacity to optimize resource allocation and reduce energy consumption potentially makes it a conducive channel towards sustainability.

Inclusive green growth for sustainable development of cities in China: spatiotemporal differences and influencing factors.

Inclusive green growth (IGG) based on coordinating the society, economy, and environment is a new way to reach sustainable development. However, there is a lack of relevant research in developing countries. To bridge this gap, based on a comprehensive index that includes economy, social, and environment, this study evaluates the urban inclusive green growth index (IGGI) of 282 in China from 2003 to 2020 and analyzes the spatiotemporal dynamics and regional differences.

Environmental regulation and technological innovation: evidence from China.

We analyze the real effects of the environmental regulation on technological innovation using an air pollution reduction governance policy promulgated in China under the 12 Plan in 2012. We treat the Air Pollution Prevention Policy as a quasi-natural experiment that is plausibly exogenous to the firms' innovation policy and thus use the difference in difference (DID) as an identification strategy in our analysis. We provide evidence that environmental regulation substantially promotes innovation productivity.