Green Finance, Trade-Embodied Carbon, and the Sustainable Transition of China’s Manufacturing Sector: Evidence from Provincial Panel Data
グリーンファイナンス、貿易内含炭素、中国製造業の持続可能な移行：省別パネルデータからの証拠 (AI 翻訳)
Helu Liu, Lefen Lin
🤖 gxceed AI 要約
日本語
本研究は、中国の省別パネルデータを用いて、グリーンファイナンスが貿易内含炭素を削減する効果を分析。技術的・構造的チャネルを通じて効果が発現し、特に国内貿易とエネルギー集約産業で顕著であることを示す。
English
Using provincial panel data from China, this study shows that green finance significantly reduces trade-embodied carbon in manufacturing, with stronger effects in domestic trade and energy-intensive industries, operating through technological and structural channels.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国のグリーンファイナンス政策が実際に炭素削減に寄与することを示す実証研究。日本企業が中国サプライチェーンを通じて排出削減を図る際の政策的・実務的示唆を提供する。
In the global GX context
Provides empirical evidence on how green finance reduces embodied carbon in trade, relevant for global supply chain decarbonization and informing climate finance policies in emerging economies.
👥 読者別の含意
🔬研究者:Offers a value-chain perspective on green finance effects, useful for embodied carbon and sustainable finance research.
🏢実務担当者:Highlights potential for green finance instruments to reduce carbon footprints in manufacturing supply chains.
🏛政策担当者:Demonstrates effectiveness of green finance in lowering trade-embodied carbon, supporting climate policy design.
📄 Abstract（原文）
Mitigating trade-embodied carbon is essential for the sustainable, low-carbon transition of China’s manufacturing sector amid increasingly integrated domestic and global production networks. This study measures total trade-embodied carbon, embodied carbon outflows, and embodied carbon exports within a China-embedded global multi-regional input–output framework. Using a panel dataset covering 30 provinces, 15 manufacturing industries, and 7 benchmark years from 2002 to 2020, the study employs high-dimensional fixed-effects models to examine the effect of green finance—defined as finance directed toward environmentally sustainable and low-carbon activities—on trade-embodied carbon. The results show that green finance significantly reduces trade-embodied carbon, with a relatively stronger effect in the domestic trade dimension. Mechanistic analysis indicates that this effect operates through both technological and structural channels. Heterogeneity analysis further suggests that the carbon mitigation effect of green finance is more pronounced in the eastern and central regions and in energy-intensive industries. This study extends the analysis of the environmental effects of green finance from the value-chain trade perspective and provides empirical evidence to advance the low-carbon transition of manufacturing under intertwined domestic and global production networks.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.3390/su18104898first seen 2026-05-17 05:11:15
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