Study On The Impact Of Green Finance On High Quality Economic Development

More than 40 years of reform and opening up,China’s economy has made remarkable achievements in the world.With the rapid development of society,the traditional extensive high-speed economic growth model is unable to meet the development needs of today’s society.The sustainable development model focusing on the quality of economic development emerged.The transformation of China into the high-quality economic development model is imperative.High quality economic development not only means that China needs to re balance the supply and demand at both ends,but also means that we need to take into account the protection and optimization of the ecological environment to achieve green economic development.Green development is an important part of the high-quality development of China’s economy.In the party’s the fifth Plenary Session of the 18 th CPC Central Committee,the concept of "green" development was put forward for the first time;In the planning of "the 13 th Five-Year Plan" modern financial system,the promotion of green financial development will be further taken as an important content;At the seventy-fifth session of the United Nations General Assembly,General Secretary Xi Jinping announced that China will strive to achieve carbon peak by 2030 and carbon neutral by 2060,indicating a green and low-carbon direction for economic development.As the blood of the real economy,finance plays an indispensable role in China’s economic development.Green finance is oriented to green development,which provides strong support for the high-quality development model of China’s economic transformation and helps China to achieve the goal of carbon peak and carbon neutralization.Therefore,it is particularly important to coordinate the contradiction between economic development and energy conservation and emission reduction,handle the external problems in the implementation of green finance,and give full play to the positive impact of Green Finance on the high-quality development of China’s economy.Firstly,this paper summarizes the relevant literature and theoretical basis at home and abroad,deeply analyzes the mechanism of green finance affecting the high-quality development of economy,constructs a comprehensive evaluation index system of green finance and high-quality development of economy,and analyzes the dynamic evolution trend of its spatial pattern,The panel vector spatial auto regression model and spatial Dupin model were used to test the impact of the 2 models.The research shows that there is a significant interaction between green finance and high-quality economic development.The impact of Green Finance on high-quality economic development shows a "U" shape.In the long run,green finance can significantly promote highquality economic development.Finally,it puts forward suggestions such as innovating green financial products and services,creating a good external environment for green financial development,improving the relevant policies for green financial development,and increasing green financial investment.