The Impact Of Green Finance Policies On Environmental Pollution And Its Transmission Pat

Currently,environmental issues have gradually become the focus of global attention,whether it is the consumption of fossil fuels,emissions of gas pollutants,or excessive waste of resources,all of which have caused a certain degree of imbalance in the ecological environment.Since China’s reform and opening up,economic development has achieved rapid growth,but environmental issues have become increasingly severe.Therefore,blindly sacrificing the environment for economic development is no longer suitable for today’s national conditions,and green development and sustainability are currently advocated development methods.In recent years,more and more attention has been paid to the role of economic means in environmental governance,in which green finance plays a leading role as the core policy.The Chinese government uses policy tools to promote the development of green finance.A variety of green finance tools are used by financial institutions in the market to guide the direction of resource allocation in the financial industry.At the same time,the Chinese government actively carries out investment and financing activities to cope with climate change,promote environmental protection and improve resource utilization.The goal of sustainable development provides a new mission for the innovation of the financial sector.green finance further optimizes the economic development model and endows the economy with the ability of high-quality growth.Therefore,an in-depth interpretation of the impact of green finance policies on environmental pollution not only examines the implementation effect of China’s green finance policies,but also establishes the role and transmission mechanism of green finance as a market tool,which has great theoretical and practical significance in establishing the future development trend of green finance in China and formulating appropriate environmental protection programs.On the basis of learning and summarizing previous research achievements,this paper combs out relevant research and economic theories,mainly including externality theory,environmental Kuznets theory,and sustainable development theory.On the basis of relevant theories,it further comprehensively analyzes how green finance policies affect the transmission mechanism of environmental pollution,and believes that green finance does not rely only on the market,To a greater extent,promote its development through relevant government policies;Secondly,panel data of China’s provinces from 2010 to 2020 are selected as samples,and the "entropy method" is used to calculate the comprehensive index of environmental pollution,and the green finance policy evaluation indicators are constructed;The empirical analysis is conducted through the double difference model to assess the environmental benefits after the implementation of the green finance policy,and the mesomeric effect test is conducted according to the two transmission mechanisms sorted out in theory;Finally,the conclusions are given based on the empirical analysis results,and corresponding countermeasures and suggestions are proposed according to the problems existing in the development of green finance.The main conclusions of this paper are as follows:(1)Theoretical analysis shows that there is a correlation between green finance policy and environmental pollution.green finance,as a policy tool,improves environmental pollution as a green development goal,and reduces energy intensity and optimizes industrial structure as the two main paths of green finance policy,with a certain degree of difference.(2)Through empirical research,the green finance policy shows a negative correlation with the level of environmental pollution,indicating that the implementation of green finance policy inhibits environmental pollution and is conducive to the improvement of environmental quality.At the same time,a series of tests are used to verify the applicability of the model and clarify the robustness of the research results.(3)Through the mesomeric effect test,it is found that industrial structure and energy intensity have a substantial impact on the "environmental effect of green finance policy",that is,green finance policy improves the environmental quality of provinces by optimizing industrial structure and reducing energy intensity.Based on the above research conclusions,this paper mainly puts forward the following countermeasures and suggestions: the Chinese government should establish and improve the policy framework of green finance;The promulgation of green finance policy should attach importance to optimizing the industrial structure and reducing the environmental effects brought by energy intensity;We will strengthen efforts to improve the green finance policy system and achieve the unification of economic benefits and environmental benefits.