Research On The Impact Of Green Credit On Green Technology Innovatio

Since the reform and opening up,China’s economy has experienced an unprecedented stage of rapid development and achieved remarkable achievements.However,the extensive economic development mode at the expense of the environment has brought irreparable damage to the environment while promoting economic development.The sustainable development of human beings is under great threat.In order to improve the current environmental pollution situation,resource depletion,ecological diversity is under great threat and many other problems,China is committed to building a green financial system and a market-oriented green technology innovation mechanism to promote the economic and social green transformation.Through green credit and other policy tools,the green financial system can effectively guide resource elements to invest in environment-friendly enterprises,stimulate the enthusiasm and initiative of enterprises for green technological innovation,and gradually realize the green transformation of enterprises,thus promoting the green and sustainable development of economic society.Based on combing the green credit and green technology innovation and the relationship on the basis of existing research literature,clarify the mechanism of action of green credit to promote green technology innovation,based on 2008-2019 China green credit and 30 provincial level administrative region economic development related data,the selection of green credit level as the explained variable,is green technology innovation as the explained variable,Opening to the outside world degree of carbon dioxide emissions,spending on science and technology,education level,urbanization rate,solid waste emissions,economic development level as the control variables,using fixed effect model,makes a research on the green credit intermediary effect model the influence of green technology innovation,and according to the research area of the sample and internal innovation degree of distinction,Investigate the asymmetry of the impact of green credit on green technology innovation.The results show that: First,green credit has a positive impact on the improvement of green technology innovation ability,and can promote the improvement of regional green technology innovation level;Second,green credit promotes the improvement of green technology innovation capacity by increasing regional R&D investment;Three,green credit for green technology innovation by region for the standard,however,green credit no significant effect on the south,and the significant effects on the north,has significant effects in the Midwest,the east is not significant,the influence of the green patent internal innovation degree,green credit on the patent for utility model,green green invention patent effect were significantly,But the effect on green utility model patent is more significant.Based on the conclusion,in order to further promote the better implementation of green credit policy,effectively promote area of green technology innovation ability,this article from the green credit,green credit standards,the enterprise green information disclosure aspects put forward relevant Suggestions and countermeasures,so as to provide empirical evidence for subsequent green credit policy implementation and policy implications.