References

1. BP. Statistical Review of World Energy 2021, 70th ed.; BP: London, UK, 2021.
2. Ma, J. The Evolution of and Prospect for Green Finance in China. Comp. Econ. Soc. Syst. 2016, 6, 25–32.
3. Sequoiacap. Towards Zero Carbon—A Green Revolution Based on Scientific and Technological Innovation; Sequoiacap: London, UK, 2021.
4. Zhou, L.A. The Incentive and Cooperation of Government Officials in the Political Tournaments an Interpretation of the Prolonged Local: Protectionism and Duplicative Investments in China. Econ. Res. J. 2004, 6, 33–40.
5. Jiang, F.; Cao, J. Market Failure or Institutional Weakness—The Argument, Defect and New Development in Research of Redundant Construction Formation Mechanism. China Ind. Econ. 2009, 1, 53–64.
6. Jiang, F.; Geng, Q.; Lv, D.; Li, X. Mechanism of Excess Capacity Based on China’s Regional Competition and Market Distortion. China Ind. Econ. 2012, 6, 44–56.
7. Zhang, J. Research on the formation and resolution of Overcapacity in China from the perspective of industrial policy. Inq. Econ. Issues 2015, 2, 10–14.
8. Dong, Q.; Wen, S.; Liu, X. Credit Allocation, Pollution, and Sustainable Growth: Theory and Evidence from China. Emerg. Mark. Financ. Trade 2019, 56, 2793–2811.
9. Liu, X.; Wen, S. Should Financial Institutions be Environmentally Responsible in China? Facts, Theory and Evidence. Econ. Res. J. 2019, 54, 38–54.
10. Ma, L.; Zhang, X. The Spatial Effect of China’s Haze Pollution and the Impact from Economic Change and Energy Structure. China Ind. Econ. 2014, 4, 19–31.
11. Wang, M.; Huang, Y. China’s Environmental Pollution and Economic Growth. China Econ. Q. 2015, 14, 557–578.
12. Zhou, H.; Jian, L.; Li, G.P. Corporate Social Responsibility and Credit Spreads on Corporate Bonds—An Empirical Study Based on China’s Public Companies. Account. Res. 2016, 5, 18–25+95.
13. Dhaliwal, D.S.; Li, O.Z.; Tsang, A.; Yang, Y.G. Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting. Account. Rev. 2011, 86, 59–100.
14. El Ghoul, S.; Guedhami, O.; Kwok, C.C.Y.; Mishra, D.R. Does corporate social responsibility affect the cost of capital? J. Bank. Financ. 2011, 35, 2388–2406.
15. Li, G.; Wei, X. Definition, Measurements and Economic Consequences of Corporate Social Responsibility: A Survey on Theories of Corporate Social Responsibility. Account. Res. 2014, 8, 33–40+96.
16. Li, G.; Zhang, Q.; Zhou, H. Corporate Social Responsibility and Financial Performance: Theory, Methods and Tests. Econ. Perspect. 2014, 6, 138–148.
17. Goss, A.; Roberts, G.S. The impact of corporate social responsibility on the cost of bank loans. J. Bank. Financ. 2011, 35, 1794–1810.
18. He, D.; Zhang, X. Reflections on some problems of carrying out green credit in China’s commercial banks. Shanghai Financ. 2007, 12, 4–9.
19. Duffie, D.; Lando, D. Term structures of credit spreads with incomplete accounting information. Econometrica 2001, 69, 633–664.
20. Zhou, H.; Li, G.; Lin, W. Corporate Social Responsibility and the Cost of Debt Financing: Based on the Evidence of Shanghai Stock Exchange Listed Companies Issued Bonds. In Proceedings of the 2014 Annual Conference of Environmental Accounting Committee of Accounting Society of China, Nanjing, China, 25–26 October 2014; p. 15.
21. Lin, W. Analysts Forecast and Corporate Bonds Credit Spreads—Based on the Data of Chinese Corporate Bonds in 2008–2012. Account. Res. 2013, 8, 69–75.
22. Gelb, D.S.; Strawser, J.A. Corporate social responsibility and financial disclosures: An alternative explanation for increased disclosure. J. Bus. Ethics 2001, 33, 1–13.
23. Richardson, A.J.; Welker, M. Social disclosure, financial disclosure and the cost of equity capital. Account. Organ. Soc. 2001, 26, 597–616.
24. Niu, H.; Zhang, X.; Zhang, P. Institutional Change and Effect Evaluation of Green Finance Policy in China: Evidence from Green Credit Policy. Manag. Rev. 2020, 32, 3–12.