Impact of green technology and green finance on carbon neutrality from the quantile and dynamic perspectives
发布日期：2024-11-18
阅读次数：
Abstract：Green technology and green finance serve as crucial measures for advancing carbon neutrality and achieving the Sustainable Development Goal 13 of the United Nations. However, there is ongoing debate about their actual impact on carbon neutrality. Based on 1658daily observations from January 2019 to July 2023 in China, this paper employs a Quantile-on-Quantile regression method to thoroughly investigate the nonlinear efects of greentechnology and green fnance on carbon neutrality. Additionally, the dynamic characteristics of this impact in the short, medium and long term are systematically examined throughmultiscale wavelet decomposition. Furthermore, Granger causality tests are conducted toexplore the causa一l relationships from green technology and greien fnance to carbon neutrality across diferent quantiles. Analytical results reveal that, overall, both green technologyand green fnance signifcantly contribute to carbon neutrality, and their carbon reductionefect intensifes with the development of both. However, at low levels of green technologyand green fnance, the scale advantages for carbon reduction may not be fully realized andthis could even be detrimental to carbon neutrality. From a dynamic perspective, the promotion efect of green technology on carbon neutrality is more prominent in the long run.In comparison, the role of green fnance is more apparent in the short and medium term,with its long-term impact contingent upon the development levels of both green fnanceand carbon neutrality. Findings of this study hold signifcant policy implications for thescientifc utilization of green technology and green fnance to promote carbon neutrality.
作者：Chao Li，Wenyu Lao，Jun Zhou，Yining Liao
文章来源：ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY（NOV 2024）
当前位置：
