The Impact Of Green Finance On My Country’s High-quality Economic Development

Since the reformation,our country’s economy has been in a state of rapid growth.The rapid rate of China’s economy in the early stage was achieved at the expense of the environment and natural resources,which caused serious resource and environmental problems.It is urgent to change the path of economic development at this stage.In response to the development concept of "innovation,coordination,green,openness and sharing",the 19 th National Congress put forward the goal of high-quality development.High-quality economic development requires the change of the mode of economic development and achieving sustainable economic development.High-quality development is the transformation from extensive development to an environment-friendly,resource-saving,and resource-saving development mode.In the first year of the "14th Five-Year Plan",China put forward the goal of "carbon peaking and neutrality",indicating that China will transform its economic development mode,build a new development model,pursue lowcarbon and green goals,take the path of circular development,A firm determination to promote high-quality economic development.Green finance can solve financing problems in many ways with the use of all kinds of green finance tools.In recent years,my country has also been carrying out green financial reform pilot projects.Each pilot zone has given full play to its regional advantages and achieved high-quality economic development to varying degrees.Therefore,studying the mechanism of green finance on high-quality economic development,and exploring the internal connection between green finance and high-quality economic development will help my country achieve the goal of high-quality economic development.This paper takes the data of the green finance and high-quality economic development in 30 provinces in China from 2010 to 2020 as the research object,and hopes to empirically study whether green finance will promote regional high-quality economic development,and what path can be used to promote high-quality economic development.After clarifying the relevant concepts and theoretical basis,this paper constructs a green finance indicator system and a high-quality economic development indicator system,measuring the current status of green finance and high-quality economic development in 30 sample provinces according to the two indicator systems.By constructing a panel model and a mediation effect model,the basic regression analysis is carried out with high-quality economic development as the explanatory variable and green finance as the explanatory variable.While testing the endogenous and robustness of the regression results,this paper tests the mechanism how green finance affects high-quality economic development with the use of the intermediary effect model,and concludes that green finance can effectively promote high-quality regional economies.Development,promote high-quality economic and guiding green consumption.In view of the current development situation and the empirical results of China’s green finance and high-quality economic development,this paper points out the following suggestions: gradually improve the green financial system,develop diversified green financial products;develop green finance according to local conditions;financial institutions play a guiding role;strengthen green financial risk control;Strengthen the role of green finance in promoting enterprise development.