Cargando…
The Emission Reduction Effect of Financial Agglomeration under China’s Carbon Peak and Neutrality Goals
The existing literature on the influencing factors of carbon emissions ignores the relationship between financial agglomeration and carbon emissions. Based on the analysis of the emission reduction history of major countries, this paper mainly uses the provincial-level data of China from 2002 to 201...
Autores principales: | , , |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
MDPI
2023
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9858971/ https://www.ncbi.nlm.nih.gov/pubmed/36673706 http://dx.doi.org/10.3390/ijerph20020950 |
_version_ | 1784874238855872512 |
---|---|
author | Wu, Yanan Peng, Biyu Lao, Yehui |
author_facet | Wu, Yanan Peng, Biyu Lao, Yehui |
author_sort | Wu, Yanan |
collection | PubMed |
description | The existing literature on the influencing factors of carbon emissions ignores the relationship between financial agglomeration and carbon emissions. Based on the analysis of the emission reduction history of major countries, this paper mainly uses the provincial-level data of China from 2002 to 2018 to explore the impact of financial agglomeration on carbon emissions. The conclusions are as follows: (1) China lacks carbon tax policies; there are many drawbacks in the carbon trading market, and a “bottom-up” voluntary emission reduction mechanism has not been formed. (2) China’s carbon emissions and financial development are characterized by spatial agglomeration. (3) Financial agglomeration can reduce carbon emissions. In central China, the low-carbon region, and the pilot regions for carbon trading, financial agglomeration has a greater impact on reducing emissions. (4) Financial agglomeration can reduce emissions by reducing the proportion of the secondary industry and increasing the proportion of the third industry. (5) Financial agglomeration can still lower carbon emissions when the spacing effect is taken into account. Finally, according to the conclusion, this paper puts forward relevant suggestions to help China reduce carbon emissions. |
format | Online Article Text |
id | pubmed-9858971 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | MDPI |
record_format | MEDLINE/PubMed |
spelling | pubmed-98589712023-01-21 The Emission Reduction Effect of Financial Agglomeration under China’s Carbon Peak and Neutrality Goals Wu, Yanan Peng, Biyu Lao, Yehui Int J Environ Res Public Health Article The existing literature on the influencing factors of carbon emissions ignores the relationship between financial agglomeration and carbon emissions. Based on the analysis of the emission reduction history of major countries, this paper mainly uses the provincial-level data of China from 2002 to 2018 to explore the impact of financial agglomeration on carbon emissions. The conclusions are as follows: (1) China lacks carbon tax policies; there are many drawbacks in the carbon trading market, and a “bottom-up” voluntary emission reduction mechanism has not been formed. (2) China’s carbon emissions and financial development are characterized by spatial agglomeration. (3) Financial agglomeration can reduce carbon emissions. In central China, the low-carbon region, and the pilot regions for carbon trading, financial agglomeration has a greater impact on reducing emissions. (4) Financial agglomeration can reduce emissions by reducing the proportion of the secondary industry and increasing the proportion of the third industry. (5) Financial agglomeration can still lower carbon emissions when the spacing effect is taken into account. Finally, according to the conclusion, this paper puts forward relevant suggestions to help China reduce carbon emissions. MDPI 2023-01-04 /pmc/articles/PMC9858971/ /pubmed/36673706 http://dx.doi.org/10.3390/ijerph20020950 Text en © 2023 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Article Wu, Yanan Peng, Biyu Lao, Yehui The Emission Reduction Effect of Financial Agglomeration under China’s Carbon Peak and Neutrality Goals |
title | The Emission Reduction Effect of Financial Agglomeration under China’s Carbon Peak and Neutrality Goals |
title_full | The Emission Reduction Effect of Financial Agglomeration under China’s Carbon Peak and Neutrality Goals |
title_fullStr | The Emission Reduction Effect of Financial Agglomeration under China’s Carbon Peak and Neutrality Goals |
title_full_unstemmed | The Emission Reduction Effect of Financial Agglomeration under China’s Carbon Peak and Neutrality Goals |
title_short | The Emission Reduction Effect of Financial Agglomeration under China’s Carbon Peak and Neutrality Goals |
title_sort | emission reduction effect of financial agglomeration under china’s carbon peak and neutrality goals |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9858971/ https://www.ncbi.nlm.nih.gov/pubmed/36673706 http://dx.doi.org/10.3390/ijerph20020950 |
work_keys_str_mv | AT wuyanan theemissionreductioneffectoffinancialagglomerationunderchinascarbonpeakandneutralitygoals AT pengbiyu theemissionreductioneffectoffinancialagglomerationunderchinascarbonpeakandneutralitygoals AT laoyehui theemissionreductioneffectoffinancialagglomerationunderchinascarbonpeakandneutralitygoals AT wuyanan emissionreductioneffectoffinancialagglomerationunderchinascarbonpeakandneutralitygoals AT pengbiyu emissionreductioneffectoffinancialagglomerationunderchinascarbonpeakandneutralitygoals AT laoyehui emissionreductioneffectoffinancialagglomerationunderchinascarbonpeakandneutralitygoals |