As the world's largest energy consumer,China is worth exploring how to reduce energy intensity and realize high-quality energy development.This paper aims to assess the role of green finance development in reducing energy intensity.Based on China's provincial-level panel data from 2010 to 2021,the panel entropy method is used to measure the green finance indicators,and the fixed-effects model is used to systematically evaluate the relationship between green finance and energy intensity.The results of the study show that green financial development contributes to the reduction of energy intensity.The mechanism analysis finds that green finance can reduce energy intensity by enhancing environmental protection and improving green technological innovation.Heterogeneity analysis reveals that the impact of green finance on reducing energy intensity has a significant effect on the eastern regions and non-resource-endowed provinces.In contrast,its impact on the central and western regions and resource-endowed provinces has not yet been manifested.Finally,we put forward policy recommendations to promote the development of green finance,build a cooperation platform for green finance and science and technology innovation,enhance the depth and breadth of renewable energy utilization,and build differentiated green finance according to local conditions.
Green FinanceEnergy IntensityEnvironmental Protection EffortsEnergy Carbon Structure
NETL
NSTL
万方数据
