Impact of green credit on high-efficiency utilization of energy in China considering environmental constraints

Maintaining steady economic growth while considering environmental protection and achieving high-efficiency energy utilization is a challenge that China is' increasingly facing in the new normal. This study employs the super-efficiency data envelopment analysis and spatial econometric model to...

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Bibliographic Details
Published in:Energy policy Vol. 153; p. 112267
Main Authors: Song, Malin, Xie, Qianjiao, Shen, Zhiyang
Format: Journal Article
Language:English
Published: Kidlington Elsevier Ltd 01.06.2021
Elsevier Science Ltd
Subjects:
China
Constraints
Credit
Data analysis
Data envelopment analysis
econometric models
Econometrics
Economic development
Economic growth
Efficiency
Energy
Energy consumption
Energy efficiency
Energy policy
Energy utilization
environmental law
Environmental protection
Environmental regulation
Environmental regulations
Finance
Green economy
Green finance
High-efficiency energy utilization
Industrial structure
Panel data
Regions
Regulation
Spatial analysis
Spatial effect
Technological progress
Utilization
China
High-efficiency energy utilization
Spatial effect
Environmental regulation
Green finance
ISSN:0301-4215, 1873-6777
Online Access:Get full text
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Summary:Maintaining steady economic growth while considering environmental protection and achieving high-efficiency energy utilization is a challenge that China is' increasingly facing in the new normal. This study employs the super-efficiency data envelopment analysis and spatial econometric model to analyze energy utilization efficiency against the backdrop of environmental constraints. It uses China's inter-provincial panel data from 2007 to 2017 to examine the impact of green finance on high-efficiency utilization of energy. China's energy efficiency utilization shows an upward trend overall, but the utilization level is low. Energy efficiency utilization levels in the east, middle, and west show a declining gradient change. Green credit, credit scale, environmental regulation, technological progress, and industrial structure have a significant role in promoting high-efficiency utilization of energy. China's regional high-efficiency utilization of energy has an apparent spatial effect. Green credit, environmental regulation, technological progress, and industrial structure have a certain influence on the regional high-efficiency utilization of energy, but the influence of the credit scale is not apparent. Therefore, from the perspective of environmental constraints, green credit has a positive impact on high-efficiency utilization of energy in China. •Super-efficiency data envelopment analysis and spatial econometric model are used.•Green credit is an important tool for green finance.•China's energy efficiency utilization is low, but on the rise.•Green credit has a significant role in promoting high-efficiency utilization of energy.•China's regional high-efficiency utilization of energy has an apparent spatial effect.
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ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2021.112267