| With the rapid development of economy,the shortage of resources,climate warming and other problems are becoming increasingly prominent,which pose a threat to the natural environment on which human beings depend for survival,and thus become the focus of people’s attention.Since China accelerated its industrialization process,its economy has been booming,and it has also become the world’s largest carbon emission country.It is urgent to realize the industrialization transformation.At present,promoting high-quality economic development is the main theme of The Times.We should follow the trend of The Times and develop an environment-friendly economy,and vigorously developing green finance is a key means to achieve this goal.How to effectively promote the development of green finance and how to achieve the goal of carbon emission reduction through the development of green finance is the content of this paper.On the basis of reading a large number of literatures related to green finance and carbon emissions,this paper analyzes relevant theories,summarizes the impact mechanism of green finance on carbon emissions,and puts forward relevant hypotheses.Then,this paper selects the data of 30 provinces and cities in China from 2005 to 2020 as samples,calculates the green finance development index and carbon emissions,and analyzes their status quo,which serves as the basis for subsequent empirical analysis.In the empirical analysis,this paper first carries out descriptive statistics,multiple collinearity diagnosis and unit root test on variables to ensure that the sample distribution is uniform and reasonable;then the OLS model,fixed effect model and random effect model are compared.According to the results,fixed effect is used to verify the direct impact of green finance on carbon emissions;Then take green technology innovation and industrial structure optimization as intermediary variables respectively,and use the intermediary effect model to verify whether these two variables play an intermediary role in the process of green finance affecting carbon emissions;Finally,this paper tests the robustness of the benchmark regression results to ensure that the empirical results are scientific and reasonable.The results show that:(1)Green finance can significantly inhibit carbon emissions and improve environmental quality;(2)Green finance has no significant impact on carbon emissions in Northeast China,but has a significant inhibitory effect on carbon emissions in eastern,central and western regions.The effect can be ranked as central>western>eastern;(3)The development of green finance can promote the promotion of green technology innovation and the optimization and upgrading of industrial structure,and thus inhibit carbon emissions.Based on the results of the above empirical analysis,this paper puts forward the following suggestions for reference: Firstly,targeted measures should be implemented from the aspects of improving the policy system of green finance and actively guiding funds to green industries,so as to vigorously promote the development of green finance;Secondly,to enhance the green technology innovation ability of enterprises;Finally,we should let financial institutions help upgrade the industrial structure.It is hoped that these suggestions can promote the development of green finance and our country’s transformation of green low carbon economy,better serve the construction of ecological civilization,help to accomplish the "double carbon" goal. |
