The comprehensive impact and mechanism of carbon finance on carbon emission: Evidence from 30 countries and regions
DOI:
https://doi.org/10.61173/5c2d4y59Abstract
This study presents new evidence of the comprehensive impact of carbon finance on carbon emission by conducting panel data models, including fixed and random effects, to analyze the impact.Based on Chinese carbon finance data from 2001 to 2020, the empirical results show the following: (1) Carbon finance positively impacts significantly reducing carbon emissions. (2) The impact of carbon finance on carbon emissions is related to regional differences. (3) The impact of carbon finance on carbon emissions differs based on population size thresholds. (4) The impact of carbon finance on carbon emissions differs based on population size thresholds. By considering these practical implications, policymakers, businesses, and stakeholders can better navigate the complexities of carbon finance and develop strategies that contribute significantly to global efforts to mitigate climate change.
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