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ORIGINAL RESEARCH article
Front. Mar. Sci.
Sec. Marine Affairs and Policy
Volume 12 - 2025 | doi: 10.3389/fmars.2025.1552567
This article is part of the Research Topic Challenges and Solutions in Forecasting and Decision-Making in Marine Economy and Management, Volume II View all 4 articles
Research on the Impact of Green Finance on China's ocean economic Growth under the "Dual Carbon" Goal
Provisionally accepted- 北部湾大学, 钦州市, China
This paper constructs green finance index comprehensive evaluation system, calculates green finance index of Chinese coastal provinces and cities, uses a fixed-effects model to analyze the role of green finance in achieving the 'dual-carbon' goal and fostering the growth of China's ocean economy, and combines with the threshold effect model to further study the nonlinear role of green finance on China's ocean economy. It is found that 1) Green finance has a positive effect on China's ocean economic growth, with the strongest positive effect on the Southern Ocean Economic Zone. 2) The scale of the marine industry, the scale of the tertiary industry, and the scale of the secondary industry have a significant positive effect on the ocean economic growth in the Nouthern, Eastern, and Southern Ocean Economic Zones, as well as in China as a whole. In addition, the stock market activity has a positive contribution from a national perspective, but a negative hindering effect in the Northern Ocean Economic Zone. 3) The gross regional product index, stock market activity, and energy consumption structure in the Northern Ocean Economic Zone have a negative hindering effect, and the gross regional product index has the most negative hindering effect. The negative hindering effect of the number of authorized patents, GDP index and stock market activity is not significant in the Eastern Ocean Economic Zone, and the negative hindering effect of the income of marine scientific research institutions, GDP index and stock market activity is not significant in the Southern Ocean Economic Zone. From a national perspective, the number of authorized patents has a negative hindering effect, but it has a significant positive promoting effect in the Southern Ocean Economic Zone. 4) The intensity of the positive promoting effect of green finance on China's ocean economic growth is nonlinear, and when the index of the income from the funding of marine-based scientific research institutes reaches 11.249, the promoting effect of green finance on the growth of the ocean economyis slightly weakened. When the marine industry scale index reaches -1.9661, the promotion effect of green finance on ocean economic growth will be weakened.
Keywords: "Dual Carbon" Goals1, Green Finance2, Ocean Economy3, growth4, Threshold Effect Model5
Received: 28 Dec 2024; Accepted: 03 Mar 2025.
Copyright: © 2025 LI and HUANG. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence:
YI HUANG, 北部湾大学, 钦州市, China
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