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This study explores the potential of green finance as a strategic method to addressing climate change mitigation in China's blockchain industry. This research methodically analyzes a large dataset collected from many sources across the period between 1999 and 2020. Using a mixed approach of quantitative research and qualitative case studies, this study delves into the tangled web of relationships between alternative finance sources for green initiatives and the use of blockchain technology to promote more environmentally friendly business practices. The results provide light on how green finance and blockchain technologies might work together to boost China's climate change mitigation efforts, revealing fresh insights into the possible synergies and obstacles that erupt from this intersection. In response to the worsening climate problem, there is a pressing need for unconventional methods of financing that can lead holistic sustainable growth. Concurrently, blockchain technology's disruptive potential reverberates across numerous sectors. However, research on blockchain's potential for combating climate change, especially in conjunction with green funding systems, is still in its infancy. Intrinsic interest has motivated this study, which provides a new viewpoint on paths that might transform climate change mitigation in China by mapping the unexplored territory at the intersection of the green finance and blockchain sectors. This research hopes that by examining this interface, it will shed light on the hidden opportunities presented by the combination of green financing and blockchain innovation, allowing for more well-informed and effective decisions to be made in support of environmentally sustainable futures., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

The contributions of the tourism sector and its development to economic growth are widely recognized across the economies. However, development in this sector also has its impacts on environmental quality and sustainability. In addition, elevated economic policy uncertainty also has repercussions on the environment. The objective of this study is to examine the impact of international tourism on environmental sustainability while considering EPU, renewable energy consumption (REC), and service sector output (SSO) in the model estimated based on panel data from 17 economies. Having the heteroskedasticity and autocorrelation issues in the panel data, the author used multiple econometric methods (pooled OLS with Drisk/Kraay standard errors (DKSEs), GLS, PCSE, and quantile regressions) to examine the relationship between international tourism and environmental sustainability. DKSEs address the common issue of heteroskedasticity and GLS also accounts for both heteroskedasticity and autocorrelation. PCSE method corrects these errors. Finally, quantile regression estimates the relationships between variables at different points of the distribution. The results show that international tourism and EPU adversely impact environmental quality and sustainability by increasing GHG emissions. The findings show that increased GHG emissions from international tourism and EPU harm environmental sustainability. Furthermore, SSO and REC significantly reduce GHG emissions and enhance sustainability. Nevertheless, the tourism sector should adopt sustainable practices like using eco-friendly lodging, conserving energy and water, and utilizing renewable energy (RE) to reduce negative environmental impacts. Conserving biodiversity and regional cultures while minimizing waste and resource use is also essential. Tourists should embrace eco-friendly practices such as choosing green hotels, conserving energy and water, and supporting environmental causes while adhering to regulations to reduce emissions. The study recommends establishing uniform trade laws that support green technology and RE to reduce EPU. The findings stress the need for international collaboration to promote eco-friendly tourist practices and minimize the sector's environmental impact., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Electric vehicles and gasoline vehicles are substitutes for each other, and the cost of fuel is an important factor when consumers are faced with choices. Understanding the influence of changes in gasoline prices and charging prices on electric vehicle sales is of reference significance for promoting electric vehicles in the private sector. This paper uses data covering 212 prefecture-level cities from January, 2020, to August, 2022, for analysis, and the results show that different income groups have different sensitivities to the difference in oil and electricity prices. Additionally, changes in gasoline prices and charging prices will significantly affect electric vehicle sales in low-income and middle-income cities, electric vehicle sales in high-income cities will not be affected. Compared with nonpilot cities, residents of pilot cities are more sensitive to fuel price changes, indicating that the policy basis has a certain positive effect on the promotion of electric vehicles. It is recommended to consider the income status of regional residents when formulating policies for the use of electric vehicles. At the same time, publicity efforts should be increased to highlight the gap between the cost of fuel vehicles and electric vehicles., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Implementing green credit is a crucial step for nations looking to control social capital flows, improve environmental governance, and foster high-quality economic development in the context of the global low-carbon transition. This study analyzes the effects of green credit policy on high-quality economic development (HQED) from the perspective of enterprise innovation using panel data from 30 Chinese provinces. The data is from the period between 2011 and 2020. We use the benchmark regression and mediation effect models to analyze the relationship between green credit and HQED. The research results show that (1) green credit can directly and significantly raise the HQED. (2) Enterprise innovation mediates the relationship between green credit and HQED. Green credit can promote HQED through enterprise technical innovation, human capital innovation, stock market innovation, and incremental market innovation. (3) The most apparent mediating influence in enterprise innovation is played by human capital innovation. Our research provides policy implications for governments, banks, and enterprises to promote green transformation and achieve simultaneous economic and environmental development., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Most of the world's rising carbon emission results from industrial activities. Previous industrial revolutions did not put much thought into safeguarding the natural world. Governments worldwide have been continuously implementing regulations and policies for the mitigation of climate change to promote sustainable development. To achieve decarbonization, the climate change discussion is merged with Industry 5.0 (I5.0) where green finance (GF) plays a crucial role. This technological metamorphosis of transition from Industry 4.0 (I4.0) to I5.0 will affect humans and their society. I5.0 forms a symbiotic relationship with different aspects of Society 5.0 (S5.0) such as social (human‒machine centricity), ecological (zero emissions), and technological (green innovations). Thus, the I5.0 transition prioritizes greening the economy in pursuit of achieving S5.0. Through a systematic review of 196 articles, this research study concisely summarizes the rapidly expanding body of information. The research domain gave six major themes: Green Innovations (GI), Green Manufacturing Practices (GMP), Circular Economy (CE), Green Supply Chain Management (GSCM), Emerging Economies, and Net Zero Economy (NZE). Finally, a framework has been provided that illustrates the supporting role of GF for the I5.0 transition eventually followed by S5.0. This study provides an overview of these themes with their propositions and future research directions. The present study addresses the knowledge gap by providing valuable contributions to the burgeoning research domain of I5.0 and GF. Moreover, it aims to garner the attention of different stakeholders to integrate these two concepts of research to attain the goal of sustainable development., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Environmental pollution control and greenhouse gas emissions reduction have become the main ecological protection issues. The digital transformation of the financial sector provides a vital opportunity to holistically promote environmental governance. This article incorporates the synergistic reduction of pollution and carbon emissions into the environmental governance system of digital financial development. Using panel data from 280 cities in China between 2011 and 2018, we examine the impact of digital financial development on the synergistic reduction of pollution and carbon emissions. We find that (1) digital finance development can significantly improve the synergistic reduction of pollution and carbon emissions, effectively lowering carbon emissions while reducing pollution. External environmental concerns can further unleash the potential for digital finance development to enhance its synergistic reduction of pollution and carbon emissions. (2) The key transmission mechanism lies in the dual guidance of digital finance development toward biased technical change, i.e., toward energy-saving elements on the input side and toward reduced pollution output on the output side, thereby inducing the synergistic reduction of pollution and carbon emissions. (3) The synergistic effect of digital finance development on pollution and carbon reduction depends on the necessary regional development endowment, such as strong green technology innovation capabilities, lower traditional financial accessibility, and carbon sink reserves. This study expands the understanding of the environmental effects of digital finance development and offers crucial insights for exploring the optimal development path under green strategies., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Photovoltaic (PV) panels and green roofs are considered as the most effective sustainable rooftop technologies at present, which utilizes the effective rooftop area of a building in a sustainable manner. To assess the most suitable rooftop technology out of the two, it is vital to have an idea on the energy savings potential of these sustainable rooftop technologies, alongside a financial feasibility analysis considering their overall life spans and additional ecosystem services. To achieve this objective, ten selected rooftops located in a tropical city were retrofitted with hypothetical PV panels and semi-intensive green roof scenarios to perform the present analysis. The energy-saving potential for PV panels was estimated with the assistance of PVsyst software, and green roof ecosystem services were evaluated through a range of empirical formulas. The financial feasibility of the two technologies was assessed by Payback Period and Net Present Value (NPV), through data obtained by local information sources such as solar panels and green roof manufacturers. The results indicate that PV panels achieve a rooftop PV potential of 244.39 KWh/yr/m 2 during their 20-year life span. Furthermore, green roofs reach an energy-saving potential of 22.29 KWh/yr/m 2 during a 50-year life span. Moreover, based on the financial feasibility analysis, PV panels demonstrated an average payback period of 3-4 years. Green roofs exemplified 17-18 years to recover their total investment for the selected case studies in Colombo, Sri Lanka. Although green roofs do not provide comparatively significant energy savings, these sustainable rooftop technologies aid in energy saving under different response intensities. In addition, green roofs offer several other ecosystem services that improve urban areas' quality of life. Collectively, these findings highlight the particular importance of each rooftop technology promoting building energy savings., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

With industrialization and urbanization, China faces enormous challenges from energy security and environmental issues. To address these challenges, it is imperative to establish a green accounting system for economic growth and to measure the uncertainty of China's green GDP (GGDP) growth from a risk management perspective. With this in mind, we follow the idea of growth-at-risk (GaR) to propose the concept of green GaR (GGaR) and extend it to the mixed-frequency data environment. Specifically, we first measure China's annual GGDP using the System of Environmental Economic Accounting (SEEA), then construct China's monthly green financial index by a mixed-frequency dynamic factor model (MF-DFM), and finally monitor China's GGaR from 2008M1 to 2021M12 with the mixed data sampling-quantile regression (MIDAS-QR) method. The main findings are as follows: First, the proportion of China's GGDP to traditional GDP gradually increases from 81.97% in 2008 to 89.34% in 2021, which illustrates that the negative environmental externalities caused by China's economic growth are gradually decreasing. Second, the high-frequency GGaR has favorable predictive performance and is significantly superior to the common-frequency GGaR at most quantiles. Third, the high-frequency GGaR has good nowcasting performance, and its 90% and 95% confidence intervals include true value for all prediction horizons. Furthermore, it can provide early warning of economic downturns through probability density prediction. Overall, our main contribution lies in constructing a quantitative assessment and high-frequency monitoring of China's GGDP growth risk, which provides an effective tool for investors and companies to predict risk, and a reference for the Chinese government to better formulate sustainable development strategies., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

The aim of this research is to investigate the role of credit subsidies in overcoming financial intermediation challenges. The study seeks to evaluate the current financial intermediation landscape in both countries with respect to climate change mitigation, and to determine the effectiveness of credit subsidies as a policy instrument for promoting mitigation efforts. We apply the unit root test and the error correction modeling technique in examining data from 2012 to 2018 originating from China and Japan, respectively. After that, an explanation for the data is constructed utilizing a regression method. Among the most important findings are the contributions of credit subsidies to eliminating fiscal imbalances, the positive effects they have on global commerce, and the relevance of credit subsidies in reducing greenhouse gas emissions in China and Japan. A 28% and 37% reduction in climate change, respectively, can be achieved by implementing credit subsidy programs for local residents in China and Japan. To provide households with the finance they require to tackle climate change, the financial systems of the industrialized world, particularly those in China and Japan, need to be upgraded., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Green financial policy is one of the important policy tools for China to implement the national carbon peak goal and carbon neutral vision through financial means. This policy has an important impact on the business strategy of corporates. Based on the data of listed corporates from 2013 to 2020, this study examines the impact mechanism of China's green financial reform and innovation pilot zones (GFRIPZ) on corporate financialization (CF) using the difference-in-difference method. The results show the following: (1) The implementation of GFRIPZ significantly restrains the CF. (2) GFRIPZ reversed the short-sighted behavior of firms and guided them to accelerate the green transformation and upgrading for long-term development. Firms' environmental capital expenditure and research and development expenditure increased significantly. (3) The restraining effect of GFRIPZ on CF is stronger in state-owned firms, firms with low-degree managerial myopia, and high-polluting firms. The research clearly identifies the causal relationship and mechanism between GFRIPZ and CF and reveals the formation mechanism and solution path of CF from the green finance perspective. In addition, this study has implications for guiding the green transformation of entity firms and stopping firms from deviating from their intended purpose., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Parabens are a family of endocrine-disrupting chemicals. Environmental estrogens may play a vital role in the development of lung cancer. To date, the association between parabens and lung cancer is unknown. Based on the 189 cases and 198 controls recruited between 2018 and 2021 in Quzhou, China, we measured 5 urinary parabens concentrations and examined the association between urinary concentrations of parabens and lung cancer risk. Cases showed significantly higher median concentrations of methyl-paraben (MeP) (2.1 versus 1.8 ng/mL), ethyl-paraben (0.98 versus 0.66 ng/mL), propyl-paraben (PrP) (2.2 versus 1.4 ng/mL), and butyl-paraben (0.33 versus 0.16 ng/mL) than controls. The detection rates of benzyl-paraben were only 8 and 6% in the control and case groups, respectively. Therefore, the compound was not considered in the further analysis. The significant correlation between urinary concentrations of PrP and the risk of lung cancer (odds ratio (OR) adjusted  = 2.22, 95% confidence interval (CI): 1.76, 2.75; P trend  < 0.001) was identified in the adjusted model. In the stratification analysis, we found that urinary concentrations of MeP were significantly associated with lung cancer risk (OR = 1.16, 95% CI: 1.01, 1.27 for the highest quartile group). Besides, comparing the second, third, and fourth quartile groups with the lowest group of PrP, we also observed urinary PrP concentrations associated with lung cancer risk, with the adjusted OR of 1.52 (95% CI: 1.29, 1.65, P trend  = 0.007), 1.39 (95% CI: 1.15, 1.60, P trend  = 0.010), and 1.85 (95% CI: 1.53, 2.30, P trend  = 0.001), respectively. MeP and PrP exposure, reflected in urinary concentrations of parabens, may be positively associated with the risk of lung cancer in adults., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

The pursuit of a green transformation agenda in China is an important aspect of achieving sustainable development. The role played by green financial development efficiency (GFDE) in this pursuit cannot be overlooked. This paper explored the impact of GFDE on China's green transformation agenda and its contributions toward sustainable development. The study adopts a systematic approach to examine the relationship between GFDE and green transformation, utilizing relevant data and literature. The study aligns with previous research in the field that highlights the importance of green finance in reducing carbon emissions and promoting sustainable development in China. It also adds to the existing literature by specifically focusing on the role of green financial development efficiency in the pursuit of a green transformation agenda in China. The study found a significant improvement in GFDE over the period of 2010 to 2020 in promoting green transformation in China. Both systems generalized method of moments and fixed-effect models revealed that trade openness, foreign investments, technological innovation, and government budget positively influenced GFDE while energy consumption and economic policy uncertainty had a significant adverse effect on GFDE. The results of this study inform policymakers and stakeholders of the importance of green finance in promoting sustainable development. The study intimated that the financial sector should provide support for green technologies and businesses by offering range of green products such as green bonds, funds, and loans., (© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Effectively identifying the role and mechanism of green finance in environmental governance provides an important guarantee that green finance serves the ecological environment. Based on the panel data of 30 provinces in China from 2001 to 2015, this paper explores the impact of green finance on cleaner industrial production and end-of-pipe treatment and further reveals the mediating effect of industrial structure optimization and the moderating effect of environmental regulation. The results show that (1) China's cleaner industrial production performance, end-of-pipe treatment performance and systematic governance performance show a clear upwards trend, distributed in stages in the eastern, central and western regions from high to low. (2) At the national level, green finance promotes cleaner production performance but inhibits end-of-pipe treatment performance. However, it can be seen from the results of the sub-sample, the eastern and central regions are consistent with the overall effect, with heterogeneous effects in the western region. (3) The optimization of industrial structure plays a partial intermediary role in the impact of green finance on cleaner production and end-of-pipe treatment. (4) Both "market-incentive" and "command-and-control" environmental regulations weaken the positive impact of green finance on cleaner production; "market-incentive" environmental regulation alleviates the negative impact of green finance on end-of-pipe treatment, while the moderating effect of "command-and-control" environmental regulation on end-of-pipe treatment is not significant., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Green finance is considered a new force for the optimization of industrial structure. With the quasi-natural experiment of the green finance reform and innovation pilot zone, the impact of the green finance reform and innovation pilot zone on the optimization of industrial structure is empirically tested. The research found that: First, although green finance reform and innovation pilot zone generally improved the optimization of the industrial structure, it had an inhibitory effect on the advancement of industrial structure. Although it promoted the rationalization, it produced negative spatial spillovers; second, the green finance reform and innovation pilot zone mainly promoted the optimization of industrial structure through three paths: foreign investment, technological innovation, and infrastructure improvement; finally, provinces with large economies and good central-local relations had a stronger role in promoting industrial structure rationalization, while small economies and poor central-local relations dragged down the advancement of industrial structure. In summary, this paper finds that while green finance can contribute to the optimization of industrial structure in general, there are many aspects of it that deserve attention in more subtle ways. The conclusions enrich the research on the influencing factors of industrial structure and also provide a reference for improving the green financial system., (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

This paper studies the effects of financial development, economic growth, and climate-related financial policies on carbon emissions for G20 countries. The focus is particularly on financial policies implemented to scale up green finance and address climate-related financial risks from 2000 to 2017 and represent this paper's value added. The empirical results obtained by relying on the panel quantile regression approach indicate that the impacts of the different explanatory variables on carbon emission are heterogeneous. Specifically, the effect of the stock of short-term financial policies on carbon emissions is negative, and its effect becomes smaller at higher quantiles. The stock of long-term policies also shows significant negative coefficients, but its impact is stronger for higher quantiles. No significance is reported for the lowest quantile. Financial development contributes to improving environmental quality, and its impact is larger in higher emission countries. Energy consumption increases carbon emissions, with the strongest effects occurring at higher quantiles. Our results also support the validity of the EKC relationship and positive effects of GDP and population on high carbon emissions levels. Estimation results are robust to alternative model specifications and after controlling for the role played by adopting international climate change mitigation policies as proxied by the adoption of the Kyoto Protocol., (© 2021. The Author(s).)

Vehicle industry has made great contribution to human progress. However, in the process of vehicle operation, a large number of carbon compounds are emitted, which brings serious environmental problems. As one of the important means of vehicle carbon emission governance, the development of new energy vehicles (NEVs) has attracted much attention. The behavior and performance of NEV enterprises are highly concerned. Using Chinese 23 NEV vehicle enterprises' data from 2011 to 2018, this paper evaluates the carbon emission performance with the super-efficiency slacks-based measure (SE-SBM) model based on undesirable output and then constructs STIRPAT model to analyze the influencing factors of carbon emission performance. The results indicate that, firstly, the carbon emission performance of China's NEV enterprises is increasing year by year. Secondly, the carbon emission performance of different NEV enterprise is distinct in the same year, and the carbon emission performance of the same NEV enterprise is distinct in different year. Thirdly, technological innovation, government support, and free cash flow have significant positive impact on the carbon emission performance of NEV enterprises, while debt constraint, energy intensity, and enterprise size have a significant negative impact on the carbon emission performance of NEV enterprises., (© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)