How Can Green Finance Promote the Development of a Low-Carbon Economy?

Yifei Xu; Qiangshen An

doi:10.2991/978-94-6239-787-3_24

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How Can Green Finance Promote the Development of a Low-Carbon Economy?

Authors

Yifei Xu¹^{, *}, Qiangshen An²

¹University of Newcastle, Singapore, 6 Raffles Boulevard, #03-200, Singapore, 039594

²School of Business, University of Jinan, Jinan, Shandong Province, 250002, China

^*Corresponding author. Email: 491739381@qq.com

Corresponding Author

Yifei Xu

Available Online 29 September 2026.

DOI: 10.2991/978-94-6239-787-3_24 How to use a DOI?
Keywords: Green Finance; Low-Carbon Economy; Dual Carbon Goals
Abstract: Driven by all the global climate governance and the “double carbon” goals pushing things forward, green finance, as an important tool for driving the low-carbon economic transition has increasingly attracted attention for its intrinsic connection with the development of the low-carbon economy. Employing panel data from 30 provincial administrative regions in China spanning 2012 to 2022, this study empirically examines the effects and mechanisms of green finance on low-carbon economic development. The findings indicate that green finance significantly facilitates low-carbon economic development by providing financial support and driving green technological innovation, presenting an unbalanced spatial pattern characterized by “strong in the central region and weak in the east and west”. To leverage the role of green finance in driving the development of the innovation of green financial products and services, to establish a regional joint development mechanism, enhance support for low-carbon technology R&D, and accelerate the green transformation of traditional industries.
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 4th International Conference on Management Innovation and Economy Development (MIED 2026)
Series: Advances in Economics, Business and Management Research
Publication Date: 29 September 2026
ISBN: 978-94-6239-787-3
ISSN: 2352-5428
DOI: 10.2991/978-94-6239-787-3_24 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.

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ris enw bib

TY  - CONF
AU  - Yifei Xu
AU  - Qiangshen An
PY  - 2026
DA  - 2026/09/29
TI  - How Can Green Finance Promote the Development of a Low-Carbon Economy?
BT  - Proceedings of the 2026 4th International Conference on Management Innovation and Economy Development (MIED 2026)
PB  - Atlantis Press
SP  - 221
EP  - 233
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-787-3_24
DO  - 10.2991/978-94-6239-787-3_24
ID  - Xu2026
ER  -

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