Financial Agglomeration, Resource Tax Collection and Carbon Emissions—An Empirical Study Based on 31 Provinces

DOI

10.2991/978-94-6463-459-4_127How to use a DOI?

Keywords

Resource Tax; Carbon Emissions; Financial Agglomeration; Mediating Effect

Abstract

Since the reform and opening up, China's economy has grown rapidly, becoming the world's second-largest economy. However, this achievement has come at the cost of high resource consumption and severe environmental pollution. China is urgently in need of transitioning to a sustainable development model. To this end, China began to levy a resource tax in 1984. The proposal of the 2020 “dual carbon” goals further highlights the importance of carbon emission reduction. At the same time, with the continuous development of the financial sector, while supporting the development of the real economy, a significant environmental effect has also been generated. To study the impact mechanism between financial agglomeration, resource tax, and carbon emissions, this paper selects panel data from 31 provinces in mainland China from 2007 to 2021 and empirically analyzes the impact of resource tax revenue on carbon dioxide emissions using the system GMM model. The research shows that the resource tax can effectively suppress carbon emissions and promote the improvement of the financial agglomeration level. Furthermore, the enhancement of financial agglomeration further promotes the reduction of carbon emissions.

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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TY  - CONF
AU  - Xiang Wang
AU  - Xiaoyan Huang
PY  - 2024
DA  - 2024/07/23
TI  - Financial Agglomeration, Resource Tax Collection and Carbon Emissions—An Empirical Study Based on 31 Provinces
BT  - Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024)
PB  - Atlantis Press
SP  - 1139
EP  - 1150
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-459-4_127
DO  - 10.2991/978-94-6463-459-4_127
ID  - Wang2024
ER  -