Research On The Problem Of Green Finance Supporting The Development Of New Energy Industry

At present,there are increasingly serious climate and environmental problems in the world.Extreme weather,smog and water pollution seriously restrict China's economic and social development and reduce people's happiness.In the report of the 19th National Congress,the Party Central Committee clearly stated that it should vigorously develop green finance,support the development of new energy industries,and guide the transformation of energy production and consumption patterns to conform to the development direction of national ecological civilization construction.Green finance refers to financial institutions paying full attention to environmental issues when conducting financial services.It not only pays attention to economic benefits but also social benefits.Through the precise docking of green finance and new energy industries,it can optimize resource allocation and achieve the effect of 1+1>2.Moreover,with the gradual withdrawal of the financial subsidy policy of the new energy industry,it will play a key role in supporting the development of the new energy industry through the market-based means of green finance.However,there are still many difficulties in how green finance supports the development of new energy industry,and it is necessary to carry out in-depth and systematic research.Based on the analysis of the relevant theories of green finance and new energy industry development at home and abroad,the paper deeply analyzes the combination of green finance and new energy industry.Firstly,it explains the internal mechanism of green finance to support the development of new energy industry from the aspects of fund agglomeration effect,investment orientation effect and scientific and technological innovation effect of green finance,and then comprehensively analyzes the current situation of China's green finance support new energy industry development.Furthermore,it points out that green finance has the following three problems in supporting the development of new energy industry.First,the single investment and financing model limits the fund agglomeration effect of green finance.Second,the misalignment of green financial support policies makes the investment-oriented effect chaotic.The third is green finance.The low level of innovation has hindered the effects of technological innovation.On the basis of theoretical analysis,the micro-data of new energy listed companies are selected,and the effects of green financial support on the development of new energy industry are analyzed empirically from three aspects:fund agglomeration effect,investment-oriented effect and technological innovation effect.Analysis shows that the effect of technological innovation effect is the most obvious,followed by the fund agglomeration effect,and the investment-oriented effect has the weakest effect.Finally,targeted recommendations are given.In expanding the fund-raising effect of green finance,it is proposed to promote the capitalization process of the new energy industry,improve the trading mechanism and service system of the carbon financial market,realize the full flow of resources and capital of the new energy industry,and rationalize the investment in green finance In terms of guiding effects,it is proposed to clarify the specific scope and standards of green finance and new energy industries,strengthen the role of demonstration by coordination and coordination of policies,maintain the continuity and stability of policies,and put forward the need for scientific and technological innovation in green finance.Build a green information sharing platform to enhance information processing functions,promote green financial products to innovate and resolve risk gathering obstacles,and vigorously develop green insurance to create new energy companies.