Ecological efficiency index system.

Facilitating the coordinated and effective progress of green finance (GF) and ecological efficiency (EE) stands as a potent approach to support our nation in attaining sustainable development goals. This paper Utilized panel data encompassing 84 cities in Western China spanning from 2007 to 2021, this paper empirically analyzes the spatio-temporal characteristics and driving factors of the coupling coordination degree between green finance and ecological efficiency (CCD-GFEE) in western cities. The findings indicate that: (1) The level of GF demonstrates a rising trajectory, with significant regional disparities. Besides, the high level area progressively moves from the northwest to the southwest. (2) On the whole, urban EE demonstrates a relatively elevated level, but it still fails to reach DEA effectiveness. Compared to the northwest region, the southwest region has poorer efficiency. (3) The CCD-GFEE in western China showing a slight growth trend. The coupling coordination degree (CCD) in Northwest China is higher than that in Southwest China, and cities with higher CCD are primarily found in Inner Mongolia, Sichuan Province and Shaanxi Province. Within them, the CCD of Chengdu is the highest, Chongqing has achieved the largest stage leap. (4) The global Moran’s I consistently remained positive and exhibited a tendency of initially rising and subsequently falling, indicating that the spatial aggregation effect of CCD-GFEE first increased and then decreased. (5) The CCD-GFEE driving factors are examined using the spatial econometric model, and it has been observed that the impact of population size and government intervention on CCD-GFEE is negative, while the impact of industrial structure, technological progress and economic level on the coupling and coordination of CCD-GFEE is positive. Finally, the paper presents certain policy enlightenments to guide the coordinated development of GF and EE from the aspects of GF system formulation, economic construction and technological progress.