Research On The Support Of Green Finance To Green Economy In China

While China's economy is developing rapidly,it is facing new opportunities and challenges.Economic growth is the performance and foundation of economic development,but the real economic development is not economic growth,but the improvement of economic quality.In the past extensive development model of our country,there have been problems of ecological environment destruction and energy resources shortage,and people's demand for beautiful ecological environment has become increasingly strong.To reverse the grim situation of China's economic development,we must develop green economy and integrate economic development with ecological environment.The development of green economy cannot be separated from the promotion of green finance.Therefore,we should give full play to the role of green finance as an innovative system in resource allocation and deepen the reform of financial supply side.This paper combs the domestic and foreign research results on green economy,green finance and effectiveness of green finance to support green development,makes relevant evaluation,and clarifies the research objectives,direction and content of this paper.This paper probes deeply into basic theories of environmental economics and welfare economics.This paper analyses the contemporary green development thought and the economic model of green economy.The meaning of green finance is put forward.The economic analysis of green finance supporting green economy is carried out.The driving mechanism of green finance to green economy is analyzed in depth.The current situation and market development of green finance in China are analyzed in detail.This paper calculates the comprehensive index of environmental pollution in each province by using the method of entropy,and calculates the green economic efficiency of each province by using DEA method.Based on the provincial panel data,this paper makes an empirical study on the impact mechanism of Green Finance on green economy.The research shows that green finance does promote the efficiency of green economy.Therefore,in order to improve the green financial system,government departments should improve relevant financial laws and regulations,effectively resolve financial risks,encourage green development and innovation activities of the financial industry,and continuously improve the level of green finance opening to the outside world,so as to better promote the transformation and upgrading of China's economy to a green economic model.Green finance is the future development direction of financial system,and also the requirement of sustainable development and ecological civilization.