Assessment of a green credit policy aimed at energy-intensive industries in China based on a financial CGE model

A financial computable general equilibrium model is established to quantitatively calculate the systematic effects of a green credit policy. The punitive high-interest rate is applied to the energy-intensive industries as the green credit policy. This study is focused on the following industries: paper, chemical, cement, and iron and steel. Short-, medium- and long-term scenarios are used to conduct experiments representing the green credit...