Research On The Impact Of Green Finance Development On Environmental Governance Efficiency In China

More than forty years ago,our country began to implement reform and opening up,in order to make the rapid economic growth,our country mainly adopts extensive production mode,while promoting the rapid economic growth,environmental pollution problems,our country also actively taken some measures,achieved results in pollution prevention and control,but the environmental pollution is still not fundamentally solved,there is still a contradiction between development and environmental protection.In this context,green finance,as an innovative financial development model,can resolve the contradiction between economic growth and environmental protection.This thesis is based on the balanced panel data of 30 provinces in my country from 2009 to 2018.First,the related concepts of green finance and environmental governance efficiency are determined,and the related theories involved are described,and the path hypothesis that green finance affects environmental governance efficiency is proposed;then,the index system is constructed and the green finance development index is calculated by using the entropy method.Construct an input-output index system,use the super-efficiency SBM model to measure the efficiency of environmental pollution control,and analyze the temporal and spatial evolution trends and regional differences of the development level of green finance and the value of environmental governance efficiency.The intermediary effect of the level of technological innovation to improve the efficiency of environmental pollution control;on this basis,the level of green finance development is taken as the explanatory variable,and the efficiency of environmental governance is the explained variable,and the level of technological innovation,economic development,degree of openness,and population density are added.,industrial structure and energy consumption structure and other control variables are regressed to explore the spatial spillover effect of green finance on environmental governance efficiency;finally,corresponding countermeasures and suggestions are put forward.The thesis draws the following conclusions:(1)The development level of green finance in China has been greatly improved,but there are significant differences in the development trend of green finance in the three regions of eastern,central and western China,and there are also certain gaps in the development level of green finance among different provinces;(2)The overall level of environmental governance efficiency in China is relatively low and the regional differences are obvious,and the overall environmental governance efficiency is relatively ineffective;(3)Green finance can promote technological innovation,which further promotes the efficiency of environmental governance;(4)Our green finance and environmental governance efficiency have a significant spatial positive correlation.Green finance can effectively promote the improvement of environmental governance efficiency in the region,and can have a positive impact on the efficiency of environmental governance in neighboring areas.According to the research conclusions,this thesis proposes the following countermeasures and suggestions:(1)Actively promote the breakthrough development of green finance;(2)Increase investment in innovation elements and implement the concept of green development;(3)Strengthen regional cooperation and exchanges,and give full play to the regional leading role of green finance;(4)Strengthen government supervision and management and improve supporting systems.