A Study on the Impact of Green Finance on Renewable Energy

Weishun Zhang; Shiming Zhao; Yixuan Wang

doi:10.2991/978-94-6239-758-3_54

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A Study on the Impact of Green Finance on Renewable Energy

Authors

Weishun Zhang¹, Shiming Zhao¹^{, *}, Yixuan Wang¹

¹Tianjin University of Technology, Tianjin, China

^*Corresponding author. Email: zhaoshiming@email.tjut.edu.cn

Corresponding Author

Shiming Zhao

Available Online 8 September 2026.

DOI: 10.2991/978-94-6239-758-3_54 How to use a DOI?
Keywords: green finance; renewable energy; green energy transition
Abstract: Green finance can significantly promote the development of renewable energy, and its impact exhibits marked regional variations. Based on panel data from 30 provinces (autonomous regions and municipalities) in China covering the period 2010–2021, this paper employs a two-way fixed-effects model to systematically examine the impact of green finance on the development of renewable energy. The findings reveal that green finance exerts a significant positive effect on the development of renewable energy, indicating that it can drive the green transition of the energy structure by optimising capital allocation and alleviating financing constraints. Further heterogeneity analysis suggests that the promotional effect of green finance is more pronounced in the eastern regions. The conclusions of this study provide empirical evidence for improving the green finance policy framework and promoting the development of renewable energy in a manner tailored to local conditions.
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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Volume Title: Proceedings of the 2026 7th International Conference on Management Science and Engineering Management (ICMSEM 2026)
Series: Advances in Economics, Business and Management Research
Publication Date: 8 September 2026
ISBN: 978-94-6239-758-3
ISSN: 2352-5428
DOI: 10.2991/978-94-6239-758-3_54 How to use a DOI?
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.

Cite this article

ris enw bib

TY  - CONF
AU  - Weishun Zhang
AU  - Shiming Zhao
AU  - Yixuan Wang
PY  - 2026
DA  - 2026/09/08
TI  - A Study on the Impact of Green Finance on Renewable Energy
BT  - Proceedings of the 2026 7th International Conference on Management Science and Engineering Management (ICMSEM 2026)
PB  - Atlantis Press
SP  - 549
EP  - 557
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-758-3_54
DO  - 10.2991/978-94-6239-758-3_54
ID  - Zhang2026
ER  -

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