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Hong M, Chen S and Zhang K (2021).Impact of the “Low-Carbon City Pilot” Policy on Energy Intensity Based on the Empirical Evidence of Chinese Cities. Front. Environ. Sci. 9:717737.doi: 10.3389/fenvs.2021.717737 Hong M, Drakeford B, Zhang K. (2020). The impact of mandatory CSR disclosure on green innovation: evidence from China. Green Finance,2(3): 302-322. doi: 10.3934/GF.2020017
How to promote renewable energy investment is central to energy transformation and green development. To take China’s “green credit guidelines” policy as a quasi-natural experiment, we investigate the impacts of green credit policy on renewable energy investment. Using the samples of 1021 Chinese listed enterprises during 2007–2017, we find that: Firstly, the introduction of the green credit guidelines has promoted renewable energy investment. Secondly, short-term debts play a mediating role in the impacts of green credit guidelines on renewable energy investment, while long-term debts play a masking role, and financing constraints do not play a significant role. Thirdly, the heterogeneous impacts on renewable energy investment are reflected in different ownerships and enterprise scales, with significant impacts on the state-owned enterprises and small ones.
Kexian Zhang; Yan Wang; Zimei Huang. Do the Green Credit Guidelines Affect Renewable Energy Investment? Empirical Research from China. Sustainability 2021, 13, 9331 .
AMA StyleKexian Zhang, Yan Wang, Zimei Huang. Do the Green Credit Guidelines Affect Renewable Energy Investment? Empirical Research from China. Sustainability. 2021; 13 (16):9331.
Chicago/Turabian StyleKexian Zhang; Yan Wang; Zimei Huang. 2021. "Do the Green Credit Guidelines Affect Renewable Energy Investment? Empirical Research from China." Sustainability 13, no. 16: 9331.