Energy Transition and Regional Financial Risk:Mechanisms and Empirical Evidence
This study investigated the impact of energy transition on regional financial risk by utilizing provincial panel data from China spanning 2011 to 2020.The findings reveal an inverted U-shaped relationship between energy transition and regional financial risk.Furthermore,the transition can affect regional financial risk through the financial leverage effect.Technological in-novation can significantly mitigate the regional financial risk associated with energy transition.Pathway innovation can effectively alleviate financial risks arising from path dependence and vul-nerabilities.A heterogeneity analysis showed that an inverted U-shaped relationship is particular-ly evident in both the eastern and western regions of China.Additionally,the study finds that poli-cy and institutional innovations can further reduce potential regional financial risks during the en-ergy transition.The study's insights offer valuable empirical evidence and policy recommendations to facilitate a smooth and stable energy transition in alignment with China's ambitious dual carbon goals.
energy transitionregional financial riskfinancial leveragetechnological innova-tion
万方数据
维普
