Nexus between energy policy and environmental performance in China: The moderating role of green finance adopted firms

This study measures the association between resources and the atmosphere; social and environmental aspects of energy production have become critical. In this context, the aim of this research is to explore the mediating effect of renewable energy patents in developing potential frameworks for energy policy viewpoints on the climate. The study took panel data from 2010 to 2017 and used a non-radial data envelopment analysis (DEA) process and panel data model for 30 Chinese provinces. The findings indicate that between 2010 and 2017, the average environmental efficiency index (EPI) of Chinese areas increased by 9.88%. When firms’ internal variables are proxied by their commodity (revenue), the relationship term’s point approximate coefficient is about 0.05. This magnitude means that a 1% rise in a company’s assets will result in a 5% increase is estimated to be about 0.157, implying that a 1% rise in firm leverage is correlated with a 15.7%. Finally, based on the study results, some policy implications were proposed.