ORIGINAL RESEARCH article
Front. Environ. Sci.
Sec. Environmental Economics and Management
Volume 13 - 2025 | doi: 10.3389/fenvs.2025.1556580
The Integration of Green Finance and Logistics: Implications for Green Industry Transformation
Provisionally accepted
- 1Nanjing University of Railway Technology, Nanjing, China
- 2Sanjiang University, Nanjing, Jiangsu Province, China
- 3Jiangsu Trendy Information Technology Co., Ltd, Nanjing 210000, China, Nanjing, Liaoning Province, China
- 4School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing, China
- 5Nanjing University of Information Science and Technology, Nanjing, Jiangsu Province, China
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Green finance (GF), as a critical policy tool for supporting green development, plays a pivotal role in directing capital flows toward low-carbon and environmentally friendly industries. This provides essential support for the green transformation (GT) of the logistics industry (LI). However, limited research exists on the regional GT of the LI from the perspective of GF and LI integration. To address this gap, this study develops an evaluation index system for the integration of GF and the LI, as well as a separate system for assessing the GT of the LI. Using panel data from 30 Chinese provinces spanning 2010 to 2022, the study employs the Super-SBM-Undesirable model and the coupling coordination degree model for evaluation and analysis. Additionally, a threshold effect model is applied to examine the nonlinear relationship between GF-LI integration and the GT of the LI, alongside a heterogeneity analysis to explore regional disparities. The findings reveal three key insights: (1) In recent years, the integration of GF and the LI in China has significantly improved, advancing from a mildly imbalanced stage to moderate and high levels of coordination. However, significant regional disparities in the level of integration persist. (2) The integration of GF and the LI has a significant positive effect on the GT of the regional LI, characterized by an S-shaped relationship. (3) The impact of GF-LI integration on the GT of the LI exhibits notable regional heterogeneity.
Keywords: green transformation of the logistics industry, green finance, Industrial integration, S-shaped relationship, Logistics
Received: 07 Jan 2025; Accepted: 25 Apr 2025.
Copyright: © 2025 Kong, Zhang, Zhang, Zhao, Tang and Atsi. 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: Decai Tang, School of Management Science and Engineering, Nanjing University of Information Science and Technology, Nanjing, China
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