Spatial Effects of Green Finance Development on the Transformation of Energy Consumption Structure at the Provincial Level
The green transformation of energy consumption structure is related to the green and low-carbon development of the economy and society.Green finance is an important means to promote the green transformation of energy consumption structure.Based on the panel data from 30 provincial-level regions in China from 2011 to 2020,this paper uses the entropy method to measure the development of green finance and the transformation of energy consumption structure.It analyzes the evolution characteristics of green finance development and energy consumption structure transformation by the means of kernel density estimation and spatial analysis,and empirically evaluates the impact and spatial spillover effects of green finance development on the transformation of energy consumption structure using the methods of the bidirectional fixed effect model and spatial Durbin model.It's found that:1)Both the development of green finance and the transformation of energy consumption structure generally show a growth trend,with regional disparities converging,it demonstrate significantly higher levels of both than the average in certain regions.2)The development of green finance and the transformation of energy consumption structure have significant spatial agglomeration characteristics,both showing positive spatial autocorrelation.3)The positive spatial correlation between the development of green finance and the transformation of energy consumption structure shows an increasing trend followed by a weakening trend.4)The development of green finance can significantly promote the transformation of energy consumption structure and has spatial spillover effects.
green finance developmenttransformation of energy consumption structurespatial spillover effectsclean energygreen and low carboncomprehensive green transformation