On the Impact of Green Credit Policy on the Transformation and Upgrading of Heavy Polluting Enterprises in China

Mao Ye; Ling Jiang; Jun Wu

doi:10.54691/sjt.v5i9.5588

Authors

Mao Ye
Ling Jiang
Jun Wu

DOI:

https://doi.org/10.54691/sjt.v5i9.5588

Keywords:

GCP; Transformation; Upgrading; DID.

Abstract

It is of great significance for China to understand how to use financial policies to promote the achievement of the dual carbon goal. This project will be carried out under the background of double carbon. The goal is to explore the impact of China's green credit policy on the transformation and upgrading of heavily polluting enterprises. This study will use the data of China's listed heavily polluting enterprises from 2008 to 2015, and use the "Green Credit Guidelines" issued in 2012 as the target policy, and use the difference-in-differences (DID) method to evaluate the policy effect. Based on the research conclusions, effective policy recommendations are proposed to provide some reference for the revision of China's green credit policy in the future.

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