Coupling and Coordinative Development of Green Finance and Industrial-Structure Optimization in China: Spatial-Temporal Difference and Driving Factors.

From the perspective of time change, the coupling coordination degree showed a trend of “decline (2012–2013) → rise (2013–2016) → decline (2016–2017) → rise (2017–2019)”, which may be attributed to the financing difficulties of industrial enterprises caused by the unclear implementation standards of regional green-credit policies [ 19 ].

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In the spatial dimension, the high-level coordination region showed an increasing trend of “fragmentation” fluctuation, while the low-level coordination region concentrated in the central and western regions with a tendency of “low value locking”.

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