The Impact of Green Finance Development on China’s Energy Structure Optimization

Table 2

Definitions of main variables.

Variable	Variable name	Variable meaning	Variable method
Explained variable	TEC	Traditional energy consumption	Logarithm of coal consumption
		Renewable energy consumption	Logarithm of hydropower consumption
Explanatory variable	GFI	Green financial development level	Green finance development index
Control variable	LUR	Urbanization level	Logarithm of urban population
	ISI	Industrial structure	Logarithm of added value of the secondary industry
	LGV	Level of government intervention in economy	Logarithm of government expenditure
	LOPRN	Economic openness	Logarithm of total import and export
	TPI	Technological progress in broad sense	Logarithm of the average number of students in secondary and tertiary institutions per 100,000 people