Green Finance Pilot and Urban Carbon Efficiency: A Study on Total Factor Carbon Emission Rate

DOI

10.2991/978-94-6239-719-4_23How to use a DOI?

Keywords

Green finance pilot; Total factor carbon emission rate; Difference-in-differences model

Abstract

Green finance is crucial for China’s low-carbon transition. Treating Green Finance Reform and Innovation Pilot Zones as a quasi-natural experiment, this paper uses panel data of 279 prefecture-level cities (2011–2022) and a multi-period DID model to examine the policy’s impact on urban total factor carbon emission rate (TFCE). Results show the policy significantly improves TFCE, robust to various checks. Mechanism analysis reveals green technology innovation and industrial structure optimization as key channels. The paper provides evidence for optimizing green finance policies.

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  - Yuming Song
PY  - 2026
DA  - 2026/07/09
TI  - Green Finance Pilot and Urban Carbon Efficiency: A Study on Total Factor Carbon Emission Rate
BT  - Proceedings of the 2026 6th International Conference on Enterprise Management and Economic Development (ICEMED 2026)
PB  - Atlantis Press
SP  - 202
EP  - 207
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-719-4_23
DO  - 10.2991/978-94-6239-719-4_23
ID  - Song2026
ER  -