The Impact Of Industrial Upgrade And Financial Development On Carbon Emissions Intensity

With the improvement of economic development,countries are suffering from a series of problems such as environmental deterioration and climate change while gaining benefits.The issue of carbon emissions has attracted attention for a long time.As an important driver of economic transformation and low-carbon economic development,The upgrade of industrial structure plays a very limited role in carbon emission reduction in resource-based regions.The impact of industrial upgrade on reducing carbon emissions in related studies is not uniform,and the effect of carbon emission reduction will vary with the different stage of economic development.The main reason is that financial development plays an important role in industrial upgrade.In a resource-based region with a low level of financial development,the upgrade of industrial structure will hinder the reduction of carbon emission intensity.In non-resource-based regions with higher level of financial development,industrial upgrade can effectively reduce carbon emission intensity.Based on this fact,we propose that financial development has a moderating effect on industrial upgrade and reducing carbon emission intensity.The finance of resource-based regions develop slowly,the rationalization of the industrial structure and the industrial level are relatively low.Because of the constraints of financial development and own resource endowments,the economic and environmental issues are more prominent.So the carbon intensity of industrial upgrade and financial development in resource-based regions is studied.The impact is of great significance for China to achieve its peak carbon emission target.In order to explore the effects of industrial upgrade on reducing carbon emission intensity under different levels of financial development,this paper uses a combination of theoretical and empirical tests,along the literature combing-mechanism analysis-current description-empirical test ideas to complete the article.First,the paper sort out the domestic and foreign literature of carbon emission intensity.And on this basis,we analyze the mechanism of industrial upgrade and financialdevelopment to reduce carbon emission intensity,as well as the regulatory mechanism of financial development on industrial upgrade and reducing carbon emission intensity.Secondly,through the analysis of current status of industrial upgrade,financial development and carbon emission intensity in resource-based regions and empirical test,we explored the carbon reduction effects of industrial upgrade under different financial development adjustments.Finally,based on the mechanism of action and empirical test results.we put forward suggestions for reducing carbon emission intensity from four aspects for resource-based regions.Studying the impact of industrial upgrading and financial development on carbon emission intensity in resource-based regions has important practical significance for reducing carbon emission intensity and achieving the peak carbon emission target in China.The main points and conclusions of this paper are as follows:(1)Industrial upgrade will generally help reduce carbon intensity.For resource-based regions,industrial optimization and upgrade will help reduce the intensity of carbon emissions.Financial development,human capital,and scientific and technological innovation have certain barriers in reducing carbon emission intensity,and they have not played a role in carbon emission reduction.Therefore,resource-based regions can achieve carbon reduction goals by improving their industrial structure.(2)Financial development plays a constraining role in the optimization and upgrade of industries and the reduction of carbon intensity.In the resource-based areas,the level of financial development is relatively low and there is a barrier to the reduction of carbon intensity.Therefore,when the interaction between financial development and industrial upgrade is to promote carbon emissions,carbon emissions are promoted.However,the level of financial development in non-resource-based areas is relatively high,Therefore,when combined with industrial upgrade can effectively inhibit the increase of carbon intensity.Therefore,we should improve the industrial structure,the financial environment and strengthen the adjustment and guidance function of finance on low-carbon industries to reduce carbon intensity in Resource-based regions.(3)There is a significant temporal and spatial correlation of carbon intensity.The test results show that the carbon intensity of the first-phase lag and the carbon intensity of the neighboring regions have a significant positive correlation with the carbon intensity of the region,indicating that the carbon intensity also has a “path dependence” phenomenon.Therefore,the resource-based regions in the high-high carbon emission concentration areas should jointly strengthen regional carbon emission control to reduce the negative external effects of carbon emissions and prevent the malignant impact of regional carbon emissions.