| With the development of economy and society,the excessive exploitation of resources and the strengthening of energy loss have caused more and more serious environmental problems.In the face of increasingly serious global climate problems,how to rapidly decrease carbon exhaust has become the agreement of all countries.China has also proposed that carbon emissions will not grow in 2030 and that the carbon emitted will be neutralized by other means by 2060.As an economic activity that reduce pollution and climate change,green finance naturally shoulders the important task of reducing carbon emission intensity.Since 1990,green finance has entered the public vision,which can reasonably allocate funds into green industries and guide green development.This article selects 30 provinces in China from 2006 to 2020 annual data to construct green finance development index indicators,after analyzing the current situation,establishing a panel data model between the development level of green finance and carbon emission intensity,it is found that the development of green finance mainly effectively suppresses carbon emission intensity through two paths: structural effect and technical effect,and there are differences in the suppression effect of green finance development level on carbon emission intensity in different regions.From this,the following conclusions are drawn:(1)In recent years,the development level of green finance in China has increased year by year,which has played a significant role in inhibiting carbon emission intensity;(2)The regression results show that the development level of green finance constructed according to the five green finance indicators has a significant inhibitory effect on carbon emission intensity at the national level and in different regional groups,and the results are stable;(3)The results of mechanism path analysis show that the development level of green finance mainly suppresses carbon emission intensity through two paths: structural effect and technical effect,and the effect of both paths is significant,the most important reason is that green finance can achieve reasonable allocation of resources,make resources biased towards green industries.(4)In the analysis of regional differences,provinces with high carbon emission intensity had a better inhibitory effect;Compared with high and low,the suppression effect of regions with low green finance development level is better.The development of green finance in both the eastern and western regions can significantly curb carbon emission intensity,but it does not significantly curb carbon emission intensity in the central region.It shows that the inhibition effect of green finance development level on carbon emission intensity has strong regional characteristics.This article makes the following recommendations:(1)Financial institutions and government departments should vigorously develop and improve the green financial system and strengthen its role in industrial structure upgrading.(2)Give play to the positive role of green finance in promoting technological innovation,and increase the innovation of high-efficiency and energy-saving tools.(3)The government should inspire more nonsilver entities to join the field of green finance,actively promote the development of green finance,promote the transformation of green economy,give play to the inhibitory effect of green finance on carbon emission intensity,and achieve the "dual carbon" goal at an early date.(4)According to regional characteristics,each sector should implement different policies in different regions to maximize the inhibitory effect of green finance development level on carbon emission intensity and improve the imbalance of regional green finance investment effects. |
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