The Effect of Green Credit Constraints on Carbon Neutrality in Heavy-Polluting Enterprises

DOI

10.2991/978-94-6239-801-6_98How to use a DOI?

Keywords

Green Credit Constraints; Carbon Intensity; Heavily Polluting Enterprises; Green Technology Innovation; Mediation Effect

Abstract

As one of the main institutional supports for the low-carbon development of heavily polluting enterprises, the impact of green credit on the carbon emission behaviour of firms and the corresponding transmission mechanism has not been studied in depth. The 6,392 firm-year observations of A-share heavy-polluting enterprises’ panel data from 2014 to 2023 are used here. A two-way fixed-effects model and a mediation framework will be used in this paper to investigate the effect of green credit constraints on corporate carbon intensity and the reasons for such an effect. Based on the above results, it can be seen that strengthening the green credit system has reduced the carbon intensity of high-polluting enterprises; that is to say, an increase in the proportion of green loans to total funds reduces carbon emissions per unit of operating revenue. Innovation in green technology also has an indirect effect, and the corresponding effect is about 8.50 per cent of the total effect; However, the result of the Sobel Z-test is not statistically significant, so it cannot be determined whether this path is strong. According to the heterogeneity analysis, most of the carbon reduction effects are due to state-owned enterprises; for non-state-owned enterprises, it is not statistically significant, which may be because they have had fewer opportunities to obtain green credit. This paper offers some data and recommendations to promote the development of green credit policies, boost the transmission mechanism of green technology innovation, and adjust policies according to different property rights.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Keyu Huang
PY  - 2026
DA  - 2026/10/23
TI  - The Effect of Green Credit Constraints on Carbon Neutrality in Heavy-Polluting Enterprises
BT  - Proceedings of the 2026 2nd International Conference on Financial Innovation and Marketing Management (FIMM 2026)
PB  - Atlantis Press
SP  - 932
EP  - 942
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-801-6_98
DO  - 10.2991/978-94-6239-801-6_98
ID  - Huang2026
ER  -