Green Financial Impact On Regional Ecological Economy And Countermeasure Research

Under the circumstance that global warming and environmental degradation,a model called green finance,which is creative and could promote a sustainable economy,comes into being and was preferred by governments,financial institutions and enterprises in the world.Green finance is an important topic of sustainable development of China's economy,meanwhile,it was a crucial issue in the G20 summit of 2016 for Seven Ministries,including National Development and Reform Commission,Ministry of Finance,China Banking Regulatory Commission,etc.announced a document called Guidelines for Establishing the Green Financial System,which made the general deployment for the establishment of green financial system.What's more,Shandong is a big province in the east of China with the huge economic aggregate as well as the high speed of economy growth.Nonetheless,the industrial structure is not reasonable for the economy is more reliant on the manufacture,especially the energy-intensive industries,which directly leads to a sever situation of regional ecological economy development.As a consequence,it's an extremely urgent to push forward ecological development of Shandong economy with the hand of green finance.This paper makes a reference review about the green finance and regional ecological economy,inclusive of the concept evolution,theoretical method,and the latest research approaches of green finance,then finds that the prior researches pay more attention to the macro level rather than the municipal level in the aspect that how green finance improve the regional ecological economy.Therefore,on the basis of prior studies,this paper,takes17 cities in Shandong province as example,links green finance and regional ecological economy and builds theory model,reexamines the green economy and ecological efficiency and clarifies the acting mechanism and the real effect between green finance and regional ecological economy.Then,according to the theory model and the ecological economy factors,with the data of 17 cities in Shandong province from 2006 to2014,this paper selects correlative indexes and fixed effect model and finds the problems in the processes of green finance affects regional ecological economy.In the end,thispaper makes relevant policy suggestions in the terms of research input and support.This paper could be divided into five parts.The first part introduces the research significant,source of theory,the innovation points as well as deficiencies.The second part presents the relative study,including green finance relative study and regional ecological economy relative study and the relationship study between these two factors.The third part suggests the indexes choose and the standards of green finance and regional ecological economy,the green finance was measured by green investment and the regional ecological economy was measured by ecological economy index,social ecology index,ecological environment indicators,resources ecological index and technology ecological index.The forth part is the empirical analysis and evaluation process: the green finance is explanatory variable,regional ecological economy is the explained variable,the development level of third industries,urbanization rate,emission amount,urban greening coverage are control variables.Then the study discoveries that green finance has significant positive effects on regional economic ecology.Besides,the development of Shandong Province green finance is the important force for regional sustainable development,which could boost the level of regional ecological economy and regional comprehensive ability.What's more,this part raise existing problems at present according to the status quo of the Shandong green finance.The last part explores the channels how green finance enhances the ability of regional ecological economy development as well as the feasible policies in the terms of developing green investment,upgrading the structure of industry,improving consumer preference,constructing the system of green finance and sounding the information disclosure mechanism..This study provides a mirror for the green finance development for the other provinces of China,and offers references for green finance theory and green financial system establishment,which has important guiding meaning for the future practice of green finance for China.