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Research and Analysis on the Mutual Restriction Factors Between Green Finance and New Energy Power Industry

Received: 3 November 2020    Accepted:     Published: 27 November 2020
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Abstract

For the past few years, green finance, as one of the most important means of sustainable development, has been widely concerned by scholars at home and abroad. The development of new energy power industry is rapid, and the application of green finance is more and more extensive. The integration of the green finance and new energy power industry is conducive to promoting the construction of ecological civilization in China. However, due to the relatively backward development of green finance, the new energy power industry also has some limitations, resulting in defects in the integration of the two. This paper first describes the current situation of the support of green finance to the development of China's new energy power industry, and the mechanism of green finance supporting the new energy power industry, that is, the effect of capital aggregation and the effect of scientific and technological innovation. On this basis, it further analyzes the bottleneck constraints in the process of the two docking, such as insufficient supply of green financial products, low level of innovation, imperfect laws and regulations, etc. Finally, the paper puts forward some suggestions on how to realize the connection between new energy industry and power industry. The content is novel and frontier.

Published in International Journal of Economics, Finance and Management Sciences (Volume 8, Issue 6)
DOI 10.11648/j.ijefm.20200806.13
Page(s) 224-230
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Green Finance, New Energy Power Industry, Support Status, Bottleneck Constraints

References
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[3] Liu Xia, he Peng. Impact of Green Finance on economic development in Central China [J]. Industrial technology economy, 2019, 38 (03): 76-84.
[4] Du Li, Zheng Lichun. Effect evaluation of China's green financial policy system: an analysis based on pilot operation data [J]. Journal of Tsinghua University (PHILOSOPHY AND SOCIAL SCIENCES), 2019, 34 (01): 173-182 + 199.
[5] Xia Wenbin, Guo Xianjun. Development status and practical innovation of regional green finance in China [J]. Modern enterprise, 2020 (05): 57-58.
[6] Pei Yingzhu. Dilemma and outlet of green finance development -- Taking Pearl River Xijiang economic belt as an example [J]. Coastal enterprises and science and technology, 2020 (01): 48-53.
[7] Li wenda. Research on green financial policy support for China's energy transformation under the background of supply side Reform [D]. Xi'an University of science and technology, 2017.
[8] Xu Sheng, Zhao Xinxin, Yao Shuang. The impact of green credit on industrial structure upgrading [J]. Journal of Shanghai University of Finance and economics, 2018, 20 (02): 59-72.
[9] Zhang Fangjing. Analysis on the development path of green finance in energy industry under the new normal [J]. Times finance, 2018 (32): 68.
[10] Shi Xinyi. Research on the development of green financial business in Hebei Province [D]. Hebei Normal University, 2019.
[11] Ji Qinwen, Zhao Jiahui. Research on the coupling mechanism of green finance and new energy industry in Jiangsu Province [J]. China collective economy, 2020 (18): 34-36.
[12] Lu Zhengwei. Renewable energy is supported by green finance [n]. Securities Daily, April 27, 2019 (A03).
[13] Wang Zhiguo. Research on green finance supporting the development of new energy industry [D]. Tianjin University of Finance and economics, 2019.
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  • APA Style

    Keyuan Jin, Zefeng Ruan. (2020). Research and Analysis on the Mutual Restriction Factors Between Green Finance and New Energy Power Industry. International Journal of Economics, Finance and Management Sciences, 8(6), 224-230. https://doi.org/10.11648/j.ijefm.20200806.13

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    ACS Style

    Keyuan Jin; Zefeng Ruan. Research and Analysis on the Mutual Restriction Factors Between Green Finance and New Energy Power Industry. Int. J. Econ. Finance Manag. Sci. 2020, 8(6), 224-230. doi: 10.11648/j.ijefm.20200806.13

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    AMA Style

    Keyuan Jin, Zefeng Ruan. Research and Analysis on the Mutual Restriction Factors Between Green Finance and New Energy Power Industry. Int J Econ Finance Manag Sci. 2020;8(6):224-230. doi: 10.11648/j.ijefm.20200806.13

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  • @article{10.11648/j.ijefm.20200806.13,
      author = {Keyuan Jin and Zefeng Ruan},
      title = {Research and Analysis on the Mutual Restriction Factors Between Green Finance and New Energy Power Industry},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {8},
      number = {6},
      pages = {224-230},
      doi = {10.11648/j.ijefm.20200806.13},
      url = {https://doi.org/10.11648/j.ijefm.20200806.13},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20200806.13},
      abstract = {For the past few years, green finance, as one of the most important means of sustainable development, has been widely concerned by scholars at home and abroad. The development of new energy power industry is rapid, and the application of green finance is more and more extensive. The integration of the green finance and new energy power industry is conducive to promoting the construction of ecological civilization in China. However, due to the relatively backward development of green finance, the new energy power industry also has some limitations, resulting in defects in the integration of the two. This paper first describes the current situation of the support of green finance to the development of China's new energy power industry, and the mechanism of green finance supporting the new energy power industry, that is, the effect of capital aggregation and the effect of scientific and technological innovation. On this basis, it further analyzes the bottleneck constraints in the process of the two docking, such as insufficient supply of green financial products, low level of innovation, imperfect laws and regulations, etc. Finally, the paper puts forward some suggestions on how to realize the connection between new energy industry and power industry. The content is novel and frontier.},
     year = {2020}
    }
    

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    T1  - Research and Analysis on the Mutual Restriction Factors Between Green Finance and New Energy Power Industry
    AU  - Keyuan Jin
    AU  - Zefeng Ruan
    Y1  - 2020/11/27
    PY  - 2020
    N1  - https://doi.org/10.11648/j.ijefm.20200806.13
    DO  - 10.11648/j.ijefm.20200806.13
    T2  - International Journal of Economics, Finance and Management Sciences
    JF  - International Journal of Economics, Finance and Management Sciences
    JO  - International Journal of Economics, Finance and Management Sciences
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    EP  - 230
    PB  - Science Publishing Group
    SN  - 2326-9561
    UR  - https://doi.org/10.11648/j.ijefm.20200806.13
    AB  - For the past few years, green finance, as one of the most important means of sustainable development, has been widely concerned by scholars at home and abroad. The development of new energy power industry is rapid, and the application of green finance is more and more extensive. The integration of the green finance and new energy power industry is conducive to promoting the construction of ecological civilization in China. However, due to the relatively backward development of green finance, the new energy power industry also has some limitations, resulting in defects in the integration of the two. This paper first describes the current situation of the support of green finance to the development of China's new energy power industry, and the mechanism of green finance supporting the new energy power industry, that is, the effect of capital aggregation and the effect of scientific and technological innovation. On this basis, it further analyzes the bottleneck constraints in the process of the two docking, such as insufficient supply of green financial products, low level of innovation, imperfect laws and regulations, etc. Finally, the paper puts forward some suggestions on how to realize the connection between new energy industry and power industry. The content is novel and frontier.
    VL  - 8
    IS  - 6
    ER  - 

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Author Information
  • School of Economics and Management, North China Electric Power University, Beijing, China

  • School of Economics and Management, North China Electric Power University, Beijing, China

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