Green Finance, Enterprise Energy Efficiency, and Green Total Factor Productivity: Evidence from China

Climate change has become a global issue that requires collective efforts, and green finance policies are an important way to address this problem promote enterprise development. This paper uses listed company data city panel investigate the utility mechanisms of influence development in different cities on Green Total Factor Productivity (GTFP) enterprises. The conclusion was can improve GTFP, which remained significant after conducting series robustness tests. mechanism analysis showed GTFP by promoting energy conservation emission reduction. heterogeneity indicated better effect non-state-owned enterprises, large-scale enterprises with weak financing constraints. enriches literature addresses impact influential factors among GTFP.