Research On The Spatial Effect Of Green Financial Support On Low-carbon Development In The Yellow River Basi

Since ancient times,the Yellow River Basin has been an important region in China.To steadily promote the low carbon development of the Yellow River basin has become an important strategy for the formation of regional coordinated development and the implementation of the national economic layout.In the long run,the protection and development of the Yellow River Basin need to go hand in hand,so we must take the path of low-carbon development as the core.The role of finance in the process of development cannot be ignored.As an indispensable part of the financial system,the support of green finance can play an important role in the low-carbon development of the Yellow River Basin in the efficient allocation of various resources,solving the problem of capital shortage,providing various financing facilities and other aspects.Therefore,to promote the development of green finance and support the organic unity of economic and environmental development in the Yellow River Basin through green finance is conducive to the healthy transformation of economic society in the Yellow River Basin.This paper focuses on the spatial impact of green finance support on the low carbon development of the Yellow River Basin.First,the overall situation of the Yellow River Basin is briefly analyzed,the entropy method is used to calculate the green finance support index of the Yellow River Basin,and the time and regional collaborative comparison of the index is conducted at the municipal level.Then,based on the panel data of 43 cities in the Yellow River Basin from 2011 to 2020,the spatial autocorrelation model was used to construct a spatial Dubin model through various tests to analyze the spatial effects of green finance support on low-carbon development in the Yellow River basin,and 43 prefecture-level cities were divided into three aspects: middle and lower reaches,whether the main trunk of the Yellow River flows through,and city size.Furthermore,the heterogeneity analysis of the effect was obtained and the robustness test was conducted.The results show that:(1)Green finance support plays a significant role in promoting low-carbon development in the Yellow River Basin;(2)The results of heterogeneity analysis show that the impact of green finance is more obvious in the middle reaches of the Yellow River Basin,non-main cities of the Yellow River,and small and medium-sized cities.(3)At the prefecture-level level,the green finance support index has an obvious spatial positive correlation,while the spatial spillover effect of the green finance support index is obvious,indicating that the development of green finance in the region can promote the low-carbon development of the region and the surrounding areas.Based on the above statistical analysis and empirical research conclusions,in order to promote green finance and low-carbon development in the Yellow River Basin,the following countermeasures and suggestions can be put forward:(1)to build a sound green finance development system.(2)Coordinating green finance and low-carbon development.(3)Improve the market supervision system and enhance the professional competence of supervision.(4)Accelerating the training of professional personnel.