The contribution of green finance to energy security in the construction of new energy system: Empirical research from China

doi:10.1016/j.jclepro.2023.139480

LZUFE-KMS > 金融学院

	The contribution of green finance to energy security in the construction of new energy system: Empirical research from China
	Shi, Yarong; Zhao, Yaqiong
	2023-12-01
发表期刊	Journal of Cleaner Production
卷号	429
摘要	Previous studies have discussed theoretically the role of green finance in energy security, but empirical studies have yet to explore their relationship. In order to make up for this deficiency, we first measured the development level of green finance and the comprehensive score of energy security in China from 2000 to 2020. Then, we constructed a vector error correction model based on the cointegration relationship. The results show a stable cointegration relationship between the long-term variables, and the improvement of the development level of green finance is conducive to ensuring China's energy security. However, from the results of the short-term dynamic adjustment effect, the change in green finance development level has no significant impact on the change in energy security level because the role of green finance has a specific time lag. Further, through impulse response analysis, it is found that when the development level of green finance has a unit positive impact, energy security will produce a first negative and then positive response. The variance decomposition results show that the contribution of green finance to energy security first weakens and then gradually increases. To sum up, the long-term development of green finance will help stabilize China's energy security. Therefore, this study proposes strengthening supervision over green finance, developing "new energy + green finance", achieving positive interaction between green finance and transformational finance, and enabling green finance with digital technology. © 2023 Elsevier Ltd
关键词	Error correction Finance Impulse response Cointegration relationship Construction of new energy system Empirical research Empirical studies Energy systems Financial technology Green finance Model-based OPC New energies Vector error correction model
DOI	10.1016/j.jclepro.2023.139480
收录类别	EI ; SCIE
ISSN	0959-6526
语种	英语
WOS研究方向	Science & Technology - Other Topics ; Engineering ; Environmental Sciences & Ecology
WOS类目	Green & Sustainable Science & Technology ; Engineering, Environmental ; Environmental Sciences
WOS记录号	WOS:001109362700001
出版者	Elsevier Ltd
EI入藏号	20234515029801
EI主题词	Energy security
EI分类号	525.6 Energy Policy
原始文献类型	Journal article (JA)
EISSN	1879-1786
引用统计	被引频次：12[WOS] [WOS记录] [WOS相关记录]
文献类型	期刊论文
条目标识符	http://ir.lzufe.edu.cn/handle/39EH0E1M/35359
专题	金融学院
通讯作者	Zhao, Yaqiong
作者单位	School of Finance, Lanzhou University of Finance and Economics, Gansu, Lanzhou; 730020, China
第一作者单位	金融学院
通讯作者单位	金融学院
推荐引用方式 GB/T 7714	Shi, Yarong,Zhao, Yaqiong. The contribution of green finance to energy security in the construction of new energy system: Empirical research from China[J]. Journal of Cleaner Production,2023,429.
APA	Shi, Yarong,&Zhao, Yaqiong.(2023).The contribution of green finance to energy security in the construction of new energy system: Empirical research from China.Journal of Cleaner Production,429.
MLA	Shi, Yarong,et al."The contribution of green finance to energy security in the construction of new energy system: Empirical research from China".Journal of Cleaner Production 429(2023).