The Effects of Regional Banks on Carbon Emissions: A Quasi-Natural Experiment of City Commercial Banks in China
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F24%3A100199" target="_blank" >RIV/60460709:41110/24:100199 - isvavai.cz</a>
Result on the web
<a href="https://www.semanticscholar.org/paper/The-Effects-of-Regional-Banks-on-Carbon-Emissions%3A-Zhou-Lin/bbcb509572c1a4f75c03edd85eb4ab712ce67cef" target="_blank" >https://www.semanticscholar.org/paper/The-Effects-of-Regional-Banks-on-Carbon-Emissions%3A-Zhou-Lin/bbcb509572c1a4f75c03edd85eb4ab712ce67cef</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1177/01956574241280807" target="_blank" >10.1177/01956574241280807</a>
Alternative languages
Result language
čeština
Original language name
The Effects of Regional Banks on Carbon Emissions: A Quasi-Natural Experiment of City Commercial Banks in China
Original language description
Financial support is essential to reduce carbon emissions (CEs) and achieve the green transformation of China. To detect the nexus of local finance and CEs, we constructed a two-sector (clean and dirty sectors) model to identify the channels from city commercial banks (CCBs) to CEs involving capital scale, structure, and efficiency. Using the setting of CCBs as a quasi-natural experiment, we applied difference-in-differences (DID), instrument variable (IV), and spatial DID methods to test the effects of the construction of CCBs on CEs in China during 2003 to 2018. The construction of CCBs promoted CEs in cities by offsetting the technological effect and stimulating electricity consumption expansion (scale effect) and reindustrialization (structural effect). CCBs' branches strengthened the promotion effect of CCBs' construction on CEs, but the mergers of CCBs mitigated the effect. The effects varied across regions with different features (covering location, per capita income, financial development, environmental regulation, industrial and energy structure, carbon source, and so on). The construction of CCBs showed a spatial spillover effect, increasing the CEs of neighbors. Accordingly, suggestions were proposed to reduce CEs by optimizing CCBs management, policy making, and local carbon reduction efforts.
Czech name
The Effects of Regional Banks on Carbon Emissions: A Quasi-Natural Experiment of City Commercial Banks in China
Czech description
Financial support is essential to reduce carbon emissions (CEs) and achieve the green transformation of China. To detect the nexus of local finance and CEs, we constructed a two-sector (clean and dirty sectors) model to identify the channels from city commercial banks (CCBs) to CEs involving capital scale, structure, and efficiency. Using the setting of CCBs as a quasi-natural experiment, we applied difference-in-differences (DID), instrument variable (IV), and spatial DID methods to test the effects of the construction of CCBs on CEs in China during 2003 to 2018. The construction of CCBs promoted CEs in cities by offsetting the technological effect and stimulating electricity consumption expansion (scale effect) and reindustrialization (structural effect). CCBs' branches strengthened the promotion effect of CCBs' construction on CEs, but the mergers of CCBs mitigated the effect. The effects varied across regions with different features (covering location, per capita income, financial development, environmental regulation, industrial and energy structure, carbon source, and so on). The construction of CCBs showed a spatial spillover effect, increasing the CEs of neighbors. Accordingly, suggestions were proposed to reduce CEs by optimizing CCBs management, policy making, and local carbon reduction efforts.
Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
ENERGY JOURNAL
ISSN
0195-6574
e-ISSN
0195-6574
Volume of the periodical
1
Issue of the periodical within the volume
41
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
41
Pages from-to
1-41
UT code for WoS article
001374305200001
EID of the result in the Scopus database
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