气候变化领域集成服务门户(CCPortal): Green finance support for development of green buildings in China: Effect, mechanism, and policy implications

CCPortal

DOI	10.1016/j.enpol.2022.112973
	Green finance support for development of green buildings in China: Effect, mechanism, and policy implications
	He W.; Liu P.; Lin B.; Zhou H.; Chen X.
发表日期	2022
ISSN	0301-4215
卷号	165
英文摘要	The building sector accounts for a major portion of China's total energy use and energy-related CO2 emissions. Promoting the development of green buildings (GBs) via the application of green financial instruments (GFIs, including green fiscal investment, green credit, green insurance, and green bonds) is crucial for China to achieve carbon mitigation goals. This study explores the effect and mechanism of GFIs on supporting the development of GBs using time series econometrics. Results show that the overall green finance system exhibits significant supporting effects on the development of GBs. Among four types of GFIs, green fiscal investment plays a critical and an indispensable role. The effects of alternative GFI combinations on GB development are compared. The combination of green fiscal investment, insurance, and credit shows the most satisfactory supporting effect. In this combination, insurance plays a bridging role, as it better ensures that GBs' actual energy performance meets expected performance, thus promoting green credit financing for GBs. However, the results also indicate that the current green finance market is still in a government-driven pattern. To facilitate its transformation to a market-driven pattern, policies should focus on designing more targeted GFI-combination products, bridging GBs' performance gaps, and updating GBs' rating system. © 2022 Elsevier Ltd
英文关键词	Econometrics; Green building; Green finance; Performance gap; Time series analysis
语种	英语
scopus关键词	Commerce; Investments; Product design; Public policy; Statistics; Buildings sector; Effect mechanism; Green buildings; Green credits; Green finance; Performance gaps; Policy implications; Supporting effect; Time-series analysis; Total energy; Time series analysis; carbon dioxide; carbon emission; econometrics; environmental economics; governance approach; green economy; infrastructural development; performance assessment; policy analysis; time series analysis; China
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256222
作者单位	Department of Finance, Business School, Shandong University, Weihai, 264209, China; Department of Management Science, Business School, Shandong University, Weihai, 264209, China; Department of Building Science, School of Architecture, Tsinghua University, Beijing, 100084, China; Key Laboratory of Eco Planning & Green Building, Ministry of Education, Tsinghua University, Beijing, 100084, China; Think Tank Center, Tsinghua University, Beijing, 100084, China
推荐引用方式 GB/T 7714	He W.,Liu P.,Lin B.,et al. Green finance support for development of green buildings in China: Effect, mechanism, and policy implications[J],2022,165.
APA	He W.,Liu P.,Lin B.,Zhou H.,&Chen X..(2022).Green finance support for development of green buildings in China: Effect, mechanism, and policy implications.Energy Policy,165.
MLA	He W.,et al."Green finance support for development of green buildings in China: Effect, mechanism, and policy implications".Energy Policy 165(2022).