Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)

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Research on the Obstacles to the Promotion of Green Finance in China’s Underdeveloped Regions

--Based on I-M Model

Authors
Limin Xu1, *
1School of Economics and Finance, Xi’an International Studies University, 710128, Xi’an, China
*Corresponding author. Email: xulimin5652@163.com
Corresponding Author
Limin Xu
Available Online 10 October 2023.
DOI
10.2991/978-94-6463-268-2_32How to use a DOI?
Keywords
Underdeveloped Regions; Green Finance; Obstacle Identification; ISM; MICMAC
Abstract

To explore the factors that hinder the promotion of green finance and help China achieve the “dual carbon” goals efficiently. This paper identifies 21 obstacles to the promotion of it through grounded theory. Interpretative Structural Modeling (ISM) is used to analyze the internal logical relationship of each obstacle, and the key intervention objects are identified through Cross-Impact Matrix Multiplication Applied to Classification (MICMAC). The results show that the system of obstacles to the promotion of green finance includes 6 levels, including surface factors such as the single type of green financial products and the lack of green investment concept of investors, etc. Moreover, there are 3 core underlying factors, including the time lag of policies, the imbalance of green financial markets in various regions, and the large income gap. This study provides effective suggestions for the problem of promoting green finance in underdeveloped regions in China.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
10 October 2023
ISBN
10.2991/978-94-6463-268-2_32
ISSN
2352-5428
DOI
10.2991/978-94-6463-268-2_32How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Limin Xu
PY  - 2023
DA  - 2023/10/10
TI  - Research on the Obstacles to the Promotion of Green Finance in China’s Underdeveloped Regions
BT  - Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023)
PB  - Atlantis Press
SP  - 286
EP  - 296
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-268-2_32
DO  - 10.2991/978-94-6463-268-2_32
ID  - Xu2023
ER  -