Research On The Mechanism And Policy Of Green Finance Promoting The Realization Of Carbon Neutrality Goal

The introduction of the "double carbon" target is an important strategic decision made by the Party Central Committee with Comrade Xi Jinping as the core in order to accelerate the construction of ecological civilization.The goal of carbon neutrality is integrated into the overall economic development,with the policy guidance of comprehensive environmental transformation of economic entities,promoting the establishment of a new industrial structure that is resource-saving and environment-friendly,reforming the economic development model,and unswervingly following the path of environmental first and green low-carbon economic development.To achieve the goal of carbon neutrality,we need the active support of green finance.This paper focuses on the impact of green finance on carbon neutrality from both theoretical and empirical aspects.Theoretically,it is mainly elaborated under three perspectives,namely,economic growth perspective,industrial structure,and technological progress perspective.It is theoretically argued that the carbon neutrality target can be effectively promoted by playing the role mechanisms of resource allocation and risk diversification of green finance.Secondly,the current situation of China’s total carbon emission and intensity is analyzed,and the problem is derived by combining the policies and product innovation of China’s green finance to support the development of carbon neutrality.In the empirical study,for the construction of the green finance evaluation index system,it is proposed to select secondary indicators from several dimensions of green credit,green insurance and green investment,and use the entropy value method to measure the level of green finance development by collecting panel data of 30 provinces in mainland China from 2009 to 2019,and analyze the level of green finance development in the eastern,central and western regions respectively,and conclude that China’s green finance development level is steadily moving forward.Once again,by introducing indicators that may affect the level of carbon neutrality such as economy,population density,urbanization level as control variables,a spatial Durbin model is constructed based on STATA software to study the impact of green finance on carbon neutrality and spatial spillover,in addition,by constructing a mediating effect model and using indicators such as openness to the outside world,industrial structure and technological progress as mediating variables to test the impact of green finance on carbon neutrality The empirical results prove that:(1)the level of openness to the outside world and technological progress can play a direct mediating effect.(2)The mediating effect of industrial structure is not obvious,which may be related to the transformation of industrial structure;finally,we propose countermeasures based on the above empirical results.