Impact of green finance on hydropower investments: A perspective of environmental law

被引:1
作者
Hong, Weiming [1 ]
Luo, Jingwen [2 ]
Du, Yu [3 ]
机构
[1] Wuchang Shouyi Univ, Wuhan, Hubei, Peoples R China
[2] Macau Univ Sci & Technol, Sch Business, Macau, Peoples R China
[3] Hunan Polytech Water Resources & Elect Power, Hydraul Engn, Changsha, Peoples R China
关键词
Green finance; Hydropower investment; Environmental regulation intensity; Sustainable development; Environmental law; SUSTAINABLE DEVELOPMENT; REGULATIONS; PROTECTION;
D O I
10.1016/j.frl.2024.106178
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
With growing global environmental concerns and the commitment to sustainable development and stricter environmental laws, green finance has emerged as an important means of supporting renewable energy projects. Using data from Chinese provinces from 2015 to 2021 as the research sample, this study, through the lens of environmental law, explores the relationship between green finance, environmental regulation intensity, and hydropower investment. Results show that green finance is positively correlated with hydropower investment, and environmental regulation intensity positively moderates this relationship. Heterogeneity analysis reveals that the impact of green finance on hydropower investment is more pronounced in regions with higher education levels.
引用
收藏
页数:8
相关论文
共 51 条
[1]   Rescuing responsible hydropower projects [J].
Ascher, William .
ENERGY POLICY, 2021, 150
[2]   ENVIRONMENTAL AND SAFETY REGULATIONS - REASONS FOR THEIR ADOPTION AND POSSIBLE EFFECTS ON TECHNOLOGICAL INNOVATION [J].
ASHFORD, NA ;
HEATON, GR .
ENVIRONMENTAL POLICY AND LAW, 1976, 1 (04) :172-176
[3]  
Barua S., 2022, ENERGY GROWTH NEXUS
[4]   Greening the Financial Sector: Evidence from Bank Green Bonds [J].
Bedendo, Mascia ;
Nocera, Giacomo ;
Siming, Linus .
JOURNAL OF BUSINESS ETHICS, 2023, 188 (02) :259-279
[5]   Green bonds for sustainable development: Review of literature on development and impact of green bonds [J].
Bhutta, Umair Saeed ;
Tariq, Adeel ;
Farrukh, Muhammad ;
Raza, Ali ;
Iqbal, Muhammad Khalid .
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2022, 175
[6]   Reputational penalties for environmental violations: A pure and scientific replication study [J].
Brady, Jacob ;
Evans, Mary F. ;
Wehrly, Eric W. .
INTERNATIONAL REVIEW OF LAW AND ECONOMICS, 2019, 57 :60-72
[7]   Green finance, environment regulation, and industrial green transformation for corporate social responsibility [J].
Chen, Di ;
Hu, Haiqing ;
Chang, Chun-Ping .
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2023, 30 (05) :2166-2181
[8]  
Chen S., 2018, Economic Research Journal, V53, P20, DOI DOI 10.1016/J.JEBO.2018.02.004
[9]   Relationships between environmental impacts and added value along the supply chain [J].
Clift, R ;
Wright, L .
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2000, 65 (03) :281-295
[10]   Environmental reporting in the hydropower sector: analysis of EMAS registered hydropower companies in Italy [J].
Comoglio, Claudio ;
Castelluccio, Stefano ;
Fiore, Silvia .
FRONTIERS IN ENVIRONMENTAL SCIENCE, 2023, 11