Research On The Impact Of Green Credit On The Optimization Of Industrial Structure In Liaoning Province

At present,with the rapid development of human industrial civilization,while achieving fruitful economic results,it is also facing global environmental problems such as environmental pollution and ecological imbalance.In 2003,in order to promote sustainable economic development,ten international banks such as Citigroup jointly launched the "Equator Principles " to encourage financial institutions to fulfill their social and environmental responsibilities.The " Equator Principles " have also become the first international green credit policy;in 2020,China put forward the strategic goal of " double carbon " to help China’s green economic recovery and high-quality development;in the same year,the central bank also identified green credit as one of the most important tasks in the 14 th Five-Year Plan period and even in the future;in 2021,the EU introduced the Sustainable Financial Disclosure Regulation,which requires all EU financial market participants to submit designated ESG data;in 2022,the Social Value Investment Alliance and Huaxia Fund jointly issued the " 2022 China ESG Development Innovation White Paper " to point out a new path for China ’s green credit development.Liaoning Province is a well-known old industrial base in China.Before2014,the secondary industry was the leading industry.However,with the orderly advancement of industrial structure transformation and upgrading,the industrial structure characteristics of ’ three,two and one ’ have become more and more significant,but the proportion of resource-consuming industries such as manufacturing and heavy chemical industries is still high.How to follow the vane of sustainable development and low-carbon economy and complete the optimization and upgrading of industrial structure has become the focus of Liaoning to break through the closed cycle of economic development.Based on this,this paper combines theoretical analysis with empirical analysis to study the specific impact between green credit and industrial structure,and provides some theories and methods for the construction of green credit in Liaoning.This paper first introduces the related concepts of green credit and industrial structure optimization,as well as the basic theory of the article,including the equator principle,environmental economics theory,sustainable development theory,Petty-Clark theorem and Kuznets law.Secondly,it analyzes the influence mechanism of green credit on the optimization of industrial structure,and explains from the capital formation mechanism,capital guidance mechanism,feedback and credit promotion mechanism and industrial integration mechanism respectively,and concludes that the essence of green credit is to realize the continuous adjustment of industrial structure through the rational allocation of financial resources.Then,from the three stages of green credit implementation,the dynamic evolution and development of industrial structure in Liaoning Province are elaborated in detail,and the influence mechanism of green credit on the optimization of industrial structure in Liaoning Province is analyzed under the above four mechanisms.Then,using the entropy method,the evaluation index system of industrial structure optimization in Liaoning Province is constructed from the four dimensions of industrial structure optimization,rationalization,high efficiency and greening.Combined with the vector autoregressive model,the green credit ratio is selected as the core explanatory variable,and the industrial structure optimization measurement value is used as the explained variable.It is concluded that the green credit in Liaoning Province plays a positive role in promoting the comprehensive level of industrial structure optimization,and the order of contribution from high to low is : advanced,efficient,green and rational.Finally,combined with the results of theoretical analysis and empirical analysis,this paper puts forward some countermeasures or suggestions that Liaoning Province may make in green credit,specifically to strengthen the government ’s improvement of the green credit framework system;improve the management innovation ability of banking financial institutions to green credit business;comprehensively improve the level of green innovation governance of enterprises.