About the Journal
In Memory of Professor Jerzy Radecki
Ownership and Management Statement
Editorial Office
Editorial Board
Scope
Impact Factor
Indexed in...
Journal Impact Factor contributing items
Publication Frequency
Revenue Sources & Business Model
Contact
Subscription
Current issue
Online first
Instructions for Authors
Frequently Asked Questions
Editorial policies
Publication Policy Overview
Peer Review Policy
Research Ethics and Malpractice Policy
Plagiarism Policy
Conflict of Interest Policy
Open Access Policy
Instructions for Reviewers
Generative AI and AI-Assisted Technologies Policy
Advertising Policy
Direct Marketing & Manuscript Solicitation
Digital Archiving and Preservation Policy
Archive
Editorial policies
Publication Policy Overview
Peer Review Policy
Research Ethics and Malpractice Policy
Plagiarism Policy
Conflict of Interest Policy
Open Access Policy
Instructions for Reviewers
Generative AI and AI-Assisted Technologies Policy
Advertising Policy
Direct Marketing & Manuscript Solicitation
Digital Archiving and Preservation Policy
ORIGINAL RESEARCH
Green Finance, Green Technology Innovation,
Green Tax, and Energy-Economy-Carbon
Emissions - A China Provincial-Based Analysis
1
Shanxi University, Taiyuan, China
2
School of Economics and Management, University of Science and Technology Beijing, Beijing, China 100083
Submission date: 2024-05-08
Final revision date: 2024-06-25
Acceptance date: 2024-08-03
Online publication date: 2024-10-28
Publication date: 2025-08-20
Corresponding author
Wenyueyang Deng
School of Economics and Management, University of Science and Technology Beijing, Beijing, China 100083
School of Economics and Management, University of Science and Technology Beijing, Beijing, China 100083
Pol. J. Environ. Stud. 2025;34(5):6251-6262
KEYWORDS
TOPICS
ABSTRACT
Green finance, green technology, and green tax systems are the necessary process and inevitable
result of accelerating the construction of ecological civilization and realizing high-quality development;
energy-economy-carbon emission (EEC) is related to the quality of economic and social development,
which is of great significance to the green transformation of the development mode. This paper selects
30 provincial-level regions in China from 2013 to 2022 as samples to empirically test the separate
impacts as well as the comprehensive impacts of green finance, green technology, and green tax system
on EEC. The results show that: green finance, green technology, and green tax systems have a positive
impact on EEC; the combination of green policies under the coupling degree of coordination affects
EEC; based on the fuzzy set qualitative comparative analysis (fsQCA) group state analysis to get two
paths of the impact of green policies on EEC, and to discuss the causal relationship between the green
policies under the paths and the results of the concern, to provide the best solution for the provinces and
municipalities to implement the green policies.
CONFLICT OF INTEREST
The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
REFERENCES (33)
1.
ZHOU X., TANG X., ZHANG R. Impact of green finance on economic development and environmental quality: a study based on provincial panel data from China. Environmental Science and Pollution Research, 27, 19915, 2020. https://doi.org/10.1007/s11356....
2.
LV C., SHAO C., LEE C. Green technology innovation and financial development: do environmental regulation and innovation output matter? Energy Economics, 98, 105237, 2021. https://doi.org/10.1016/j.enec....
3.
GILCHRIST D., YU J., ZHONG R. The limits of green finance: A survey of literature in the context of green bonds and green loans. Sustainability, 13 (2), 478, 2021. https://doi.org/10.3390/su1302....
4.
LIU F., HUANG P., TANG D. Study on carbon emission reduction effect and influence channels of green finance. Research in Financial Economics, 6 (37), 144, 2022.
5.
AFZAL A., RASOULINEZHAD E., MALIK Z. Green finance and sustainable development in Europe. Economic Research- Ekonomska Istraživanja, 35 (1), 5150, 2022. https://doi.org/10.1080/133167....
6.
KHAN M., RIAZ H., AHMED M., SAEED A. Does green finance really deliver what is expected? An empirical perspective. Borsa Istanbul Review, 22 (3), 586, 2022. https://doi.org/10.1016/j.bir.....
7.
PANG G., WANG W., YUAN C. Optimization effect of green finance on energy structure under the dual-carbon target. Research of Financial Economics, 1 (38), 129, 2023.
8.
GAO X., WANG Z. Analysis of the coupling mechanism between green finance and new energy industry. Jianghan Forum, 11, 42, 2017.
9.
LEE J. Green finance and sustainable development goals: The case of China. Journal of Asian Finance Economics and Business, 7 (7), 577, 2020. https://doi.org/10.13106/jafeb....
10.
WANG K., ZHAO Y., JIANG C., LI Z. Does green finance inspire sustainable development? Evidence from a global perspective. Economic Analysis and Policy, 75, 412, 2022. https://doi.org/10.1016/j.eap.....
11.
WICKI S., HANSEN E. Green technology innovation: Anatomy of exploration processes from a learning perspective. Business Strategy and the Environment, 28 (6), 970, 2019. https://doi.org/10.1002/bse.22....
12.
FENG S., ZHANG R., LI G. Environmental decentralization, digital finance and green technology innovation. Structural Change and Economic Dynamics, 61, 70, 2022. https://doi.org/10.1016/j.stru....
13.
WANG Q., QU J., WANG B., WANG P., YANG T. Green technology innovation development in China in 1990-2015. Science of the Total Environment, 696, 134008, 2019. https://doi.org/10.1016/j.scit....
14.
DU K., LI P., YAN Z. Do green technology innovations contribute to carbon dioxide emission reduction? Empirical evidence from patent data. Technological Forecasting and Social Change, 146, 297, 2019. https://doi.org/10.1016/j.tech....
15.
CVJETKO BUBALO M., VIDOVIĆ S., RADOJČIĆ REDOVNIKOVIĆ I., JOKIĆ S. Green solvents for green technologies. Journal of Chemical Technology & Biotechnology, 90 (9), 1631, 2015. https://doi.org/10.1002/jctb.4....
16.
DU K., CHENG Y., YAO X. Environmental regulation, green technology innovation, and industrial structure upgrading: The road to the green transformation of Chinese cities. Energy Economics, 98, 105247, 2021. https://doi.org/10.1016/j.enec....
17.
YAO X., YANG G., GAO C. Research on the impact of green technology progress on total factor green energy efficiency. Research on Science and Technology Management, 22 (36), 248, 2016.
18.
HE X. Energy constraints, green technology innovation and sustainable growth-theoretical model and empirical evidence. Journal of South China University of Economics and Law, 4, 30, 2015.
19.
RAUSCH S., YONEZAWA H. The intergenerational incidence of green tax reform. Climate Change Economics, 9 (01), 1840007, 2018. https://doi.org/10.1142/S20100....
20.
UDDIN K., RAHMAN M., SAHA S. The impact of green tax and energy efficiency on sustainability: Evidence from Bangladesh. Energy Reports, 10, 2306, 2023. https://doi.org/10.1016/j.egyr....
21.
OATES W. Green taxes: Can we protect the environment and improve the tax system at the same time? Southern Economic Journal, 915, 1995. https://doi.org/10.2307/106073....
22.
SHAFI M., RAMOS-MEZA C., JAIN V., SALMAN A., KAMAL M., SHABIR M.S., REHMAN M.U. The dynamic relationship between green tax incentives and environmental protection. Environmental Science and Pollution Research, 30 (12), 32184, 2023. https://doi.org/10.1007/s11356....
23.
FANG G., CHEN G., YANG K., YIN W., TIAN L. Can green tax policy promote China's energy transformation?-A nonlinear analysis from production and consumption perspectives. Energy, 269, 126818, 2023. https://doi.org/10.1016/j.ener....
24.
NOROUZI N., FANI M., TALEBI S. Green tax as a path to greener economy: A game theory approach on energy and final goods in Iran. Renewable and Sustainable Energy Reviews, 156, 111968, 2022. https://doi.org/10.1016/j.rser....
25.
AHMAD M., ZHOU X., MUHAMMAD S., SHABBIR M. Does green tax theory affect the environmental sustainability and protection? Environment, Development and Sustainability, 1, 11, 2024. https://doi.org/10.1007/s10668....
26.
FU Y., PENG Z. Green finance development, R&D investment and regional economic growth: empirical evidence based on provincial panel threshold model. Statistics and Decision Making, 21 (36), 120, 2020.
27.
YANG L.J., LIAO Z.G. Green finance, structural adjustment and carbon emissions: a test of moderated mediation effect. Finance and Economics, 12, 31, 2021.
28.
CHEN S., LEI L., ZHOU Z. Environmental regulation, green technology progress and green economic development: an empirical study based on panel data of 11 provinces and cities in the Yangtze River Economic Belt. Science and Technology Progress and Countermeasures, 10 (39), 52, 2022.
29.
LI X., YU X. Research on the synergistic effect of green tax system on economy and environment. Industrial Technology and Economy, 5 (41), 44, 2022.
30.
SHI D., SHI X. Green finance and high-quality economic development: mechanism, characteristics and empirical research. Statistical Research, 1 (39), 31, 2022.
31.
GU X., FAN D., DU M. Analysis of key factors influencing regional energy efficiency in China: an empirical study based on GML index and BMA methodology. Soft Sciences, 9 (36), 81, 2022.
32.
ZHANG H., FAN L., SUN X. Heterogeneous effects of energy efficiency differences and their influencing factors in Chinese cities--an empirical analysis based on quantile regression. Urban Issues, 8, 12, 2022.
33.
ZHANG F. Factors Affecting Local Government Information Disclosure - A Dynamic QCA Analysis Based on Provincial Panel Data. Intelligence Journal, 1 (42), 133, 2023.
Share
RELATED ARTICLE
| eISSN: | 2083-5906 |
| ISSN: | 1230-1485 |
We process personal data collected when visiting the website. The function of obtaining information about users and their behavior is carried out by voluntarily entered information in forms and saving cookies in end devices. Data, including cookies, are used to provide services, improve the user experience and to analyze the traffic in accordance with the Privacy policy. Data are also collected and processed by Google Analytics tool (more).
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
