įu J, Liu Y (2020) Practical exploration of green bonds boosting industrial transformation in Dawan district of Guangdong, Hong Kong and Macao. Wuhan Financ 07:69–74įarhad T-H, Yoshino N (2019) The way to induce private participation in green finance and investment. Technol Forecast Soc Chang 127(Feb.):23–37įang J, Lin F (2019) Research on regional differences and influencing factors of green finance development in China. Green Econ 14(2):159–173įalcone PM et al (2018) Greening of the financial system and fuelling a sustainability transition: a discursive approach to assess landscape pressures on the Italian financial system. Econ 06:45–52įalcone PM (2020) Environmental regulation and green investments: the role of green finance. Statistics and Decision Making 34(20):94–98ĭu L, Bo L (2012) Using carbon financial system to promote the adjustment and upgrading of industrial structure. In: Proceedings of the 2019 3rd International Conference on Education, Culture and Social Development (ICECSD 2019)ĭong X, Fu Y (2018) Spatial temporal dimension analysis of green finance development and influencing factors. J Clean Prod 269:121799ĭing J (2019) The relations study on green finance and upgrading of industrial structure in China - based on grey correlation analysis model. Financ Forum 21(02):17–28Ĭui H, Wang R, Wang H (2020) An evolutionary analysis of green finance sustainability based on multi-agent game. The logic and framework of green finance development in China. Econ Manag Res 38(08):75–85Ĭhenghui Z, Xie M, Tian H, Wang G (2016) “Greening China’s Financial System”, Development Research Center of the State Council. Friends of Accounting 13:16–19Ĭheng d, Li g (2017) Current situation and trend of environmental regulatory intensity measurement. The study provides a reference for the government to enhance the intensity of policy regulation and establish a diversified environmental governance system.Ĭai H (2015) Research on the impact of green credit on China’s industrial transformation and upgrading under the new normal. Public environmental demands and input government regulations have significant synergistic governance advantages, indicating that the government should enhance the regulatory intensity of differentiated policies. The impact of performance-oriented government regulation and public environmental demands on efficiency is not significant, which indicates that the supervision and binding force of enterprises are insufficient. The impact coefficient of input-oriented government regulation is significantly negative, which indicates that increasing the investment in pollution control may encourage polluting enterprises’ emission behavior to obtain benefits. The results show that the overall efficiency of green finance in promoting industrial transformation and upgrading is high, but it shows a downward trend, which may be due to the unbalanced development of the green financial system, information asymmetry, and the absence of enterprises from regulation. In addition, the Tobit regression model is used to empirically test the impact of public environmental demands, government regulations, and their interaction terms on the efficiency of green finance in promoting industrial transformation and upgrading. In order to explore the impact efficiency and policy effect of green finance on industrial transformation and upgrading in China, through the establishment of VAR model and super-efficiency DEA model, the relationship between green finance and industrial transformation and upgrading and its impact on efficiency are studied. With the help of green finance, we can optimize the allocation of financial resources and promote the optimization and upgrading of industrial structure. In our view, ESG has joined CRT in the list of acronyms worth fighting against.Industrial transformation and upgrading is an important step for China to carry out cleaner production and achieve the goal of carbon neutrality. "Due to the escalation of leftist intolerance and rancor in recent months, we no longer desire to identify our investment approach as being part of the ESG category. "We adopted ESG hoping to see a 'two-party system' in the ESG community, where biblical values could provide counterpressure on the overwhelming progressive-left dominance in the space," commented Netzly. To reflect this development of public perception, Inspire publicly renounced the ESG label, explaining their decision in an article published by Inspire CEO, Robert Netzly. More recently, due to pervasive liberal activism under the guise of "ESG", the term has received backlash from conservatives and has become broadly perceived as the antithesis of biblical values. Inspire initially adopted the term "faith-based ESG" back in 2019 to describe their biblically responsible approach to investing and how it applies a biblical worldview to ESG criterion. Inspire Investing (PRNewsfoto/Inspire Investing)
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