| The report to the 19th National Congress of the Communist Party of China focused on the green economy development from the support of green finance,to boost the development of clean energy industry,clean production industry(or energy-saving and environmental protection industry).The 14th Five-Year Plan points out‘boosting green and low-carbon development’and‘building a better legal environment for the development of green finance,which boosts the development of some clean energy industries’.In 2021,the State Council issued the guiding opinions on accelerating the providing green financial support for key industries related to clean energy,to create and improve a green low-carbon circular development of economic system(hereinafter referred to as the Opinions).The Opinions explain the development significance of green low-carbon circular economy and require that efforts be made to research and develop green low-carbon technologies.In addition to mentioning the need to strengthen the research and development of green low-carbon technologies by promoting the development of green finance,the documents also suggest that various means should be taken to realize the transformation of these new technologies and processes,to ensure that these technological achievements can truly benefit millions of households.China’s government has started to formulate policies and regulations related to green finance and green technology innovation from the macro level.With the gradual improvement of these policies and regulations,it is bound to create a good external policy environment for China’s green technology innovation.This study summarizes and collates the literature related to this topic,then digs out the parts related to green finance and green technological innovation from these documents and materials,focuses on the analysis of these parts,and introduces in detail the development status and existing problems of green finance and green technological innovation in China.On this basis,it collects relevant data from 30 provinces,excepted Hong Kong SAR,Macao SAR,Taiwan Province and Tibet Autonomous Region.Then,through spatial econometric regression analysis,this paper discusses the impact of green financial support on green technology innovation in China.This paper establishes a spatial econometric model for regression analysis,and discusses the impact of Green Finance on green technology innovation and its mechanism.The quantitative evaluation results can provide important references for the follow-up exploration of the path of green finance supporting green technology innovation in this paper. |
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