Research On The Impact Of Green Finance Development On Carbon Dioxide Emissions

With the warming of global climate,the problem of carbon emissions has become the focus of my country’s attention.In September 2020,President Xi Jinping first proposed the "30·60" goal of China’s carbon dioxide emissions at the UN General Assembly to strive to strive to achieve the "30· 60" of "30·60" by "reaching its peak before 2030 and achieving carbon neutrality before 2060".Realizing this goal is inseparable from the help of high-quality low-carbon green projects.However,according to scholars’ estimates,the development funds of Chinese green projects at present have a lot of gaps with the funds that achieve the "30·60" goals.Therefore,my country must accelerate the comprehensive green transformation of economic and social development,the adjustment and optimization of the industrial structure,and the adjustment of the energy structure,implement a special policy for financial support for green and low-carbon development,and help green financial development.In addition,consciousness determines the behavior of financial institutions,enterprises,and public environmental awareness directly affects the distribution and utilization of green project funds and the implementation of green financial related policies,thereby affecting the performance of green finance energy conservation and emission reduction.Based on the above background,this article focuses on the effects and effect analysis of the development of green finance on carbon dioxide emissions and the role of environmental consciousness in the process.The development of the green economy is admitted to and suggestions.At the same time,the research of the Environmental Awareness Index adds help to the development of green finance,helping to give full play to the positive impact of green finance and avoid negative impact.First of all,this article analyzes the main effect of the development of green finance from the theoretical level of the development of carbon dioxide emissions and the adjustment effect of environmental awareness in the process,and put forward assumptions.Theoretical analysis shows that(1)Green financial development affects carbon dioxide emissions through green economic development effects,industrial structure adjustment effects,and technological innovation effects.These three major effects have a negative effect with carbon dioxide emissions.Observation.(2)Environmental consciousness regulates the impact of green financial development on carbon dioxide emissions from the three levels of financial institutions,enterprises and individuals.Because the development of green finance and carbon dioxide emissions is negative,environmental awareness has a positive adjustment effect,that is,the improvement of environmental awareness helps to enhance the energy-saving and emission reduction effect of green finance.Secondly,the entropy value method,standard coal method,and the main component regression method are used to calculate 30 provinces from 2010-2019 green financial index,carbon dioxide emissions,and environmental consciousness index panel data,and conduct comprehensive analysis.The results show that(1)Generally speaking,the level and efficiency of my country’s green financial development and efficiency are not high,but most provinces are in continuous improvement and improvement.In contrast,the level of green financial development in various provinces is largely different,which is mainly related to the economic development level of various places and national policy support.(2)On the whole,carbon dioxide emissions in my country are gradually increasing,but the growth rate is within a controllable range,and there are some provinces with negative growth.In contrast,carbon dioxide emissions in the western region of my country are low,and the central and eastern regions are higher.Compared with other provinces and cities,the per capita carbon dioxide emissions of four provinces: Inner Mongolia,Ningxia,Xinjiang,and Shanxi are high.(3)As far as my country’s energy structure is concerned,the proportion of coal consumption in various provinces has the highest proportion,which has adverse effects on reducing carbon dioxide emissions.(4)The awareness of environmental awareness in various regions of my country is low.It is necessary to further strengthen environmental protection education,publicize environmental protection knowledge,popularize environmental protection common sense,and gradually enhance public environmental awareness.After that,the per capita carbon dioxide emissions are the dependent variables,the green financial index is the independent variable,and the environmental consciousness index is the regulatory variable,selecting the level of economic development,the level of foreign direct investment,the level of foreign trade,the level of urbanization,the proportion of R & D expenditure,and the energy strength of the energy.As a control variable,build a panel regression model,empirical test assumptions whether it is established,and conduct stability and heterogeneity test.The empirical results show that:(1)The coefficients of green finance and environmental consciousness are significantly negative,and the coefficient of cross-multiplication of green finance and environmental consciousness is significantly positive,indicating that the higher the level of green finance,the stronger the people’s environmental awareness,and the per capita carbon dioxide emissions volume The lower it,and the environmental consciousness is being regulated with the energy saving and emission reduction effect of green finance.(2)The level of economic development,the level of foreign trade,the level of urbanization,and the coefficient of energy strength are significantly positive,indicating that the above variables are positively correlated with the per capita carbon dioxide emissions.Negative,it shows that the variable is negatively related to the per capita carbon dioxide emissions.(3)The model results are stable,and show heterogeneity in different geographical locations and different economic areas.Finally,the research conclusions are summarized and three policy suggestions are put forward:(1)Actively formulate green finance related policies,innovate green financial products,cultivate high-quality talents in the financial field,and help the development of green finance.(2)Strengthen environmental protection knowledge education,promote the dissemination of environmental protection knowledge,improve the public’s environmental awareness,and enhance the positive impact of environmental awareness in energy conservation and emission reduction.(3)Increase R&D expenditure,increase the utilization rate of clean energy,optimize the energy consumption structure,and promote the development of China’s green economy.