Research On The Impact Of Green Finance Development On Carbon Emissions From Transportation Industry

At present,ecological and environmental issues are becoming increasingly prominent,seriously restricting China’s long-term development.Against this background,China proposed the goal of building a beautiful China in the report of the18 th National Congress of the Communist Party of China,and has successively issued a series of documents to support green development.The proposal of the "dual carbon" goal means that China’s carbon emission reduction work is facing new challenges.With the growth of the national economy,China’s transportation industry is showing a growth trend.The use of energy and carbon emissions are also increasing year by year,and the growth rate of energy consumption is more prominent compared to other industries.Promoting carbon emission reduction in the transportation industry requires the guidance of national policies,the investment of green funds,and the support of green advanced technologies.Adhering to the development of a green economy is the only way to solve carbon emissions in the transportation industry,and the development of green finance undoubtedly plays an indispensable role in it.Therefore,improving the development level of green finance has far-reaching significance for China’s transportation industry to achieve energy conservation,emission reduction,and green transformation.Based on this,this article theoretically analyzes the role of green finance development in influencing carbon emissions from the transportation industry through LMDI carbon emission factor decomposition,and proposes that green finance development mainly reduces carbon emissions from the transportation industry through the effects of green technology progress and energy structure optimization.In the empirical analysis section,this article selected panel data from 30 provinces(municipalities)in China from 2011 to 2020 to conduct a comprehensive analysis of green finance development and carbon emissions from transportation industry,construct a mediation effect model for mechanism testing,and analyze regional heterogeneity.The empirical analysis results show that:(1)The development of green finance inhibits carbon emissions from the transportation industry,and there is a negative correlation between the two.(2)The development of green finance has reduced the carbon emission intensity of the transportation industry through the effects of technological progress and energy structure optimization,and the intermediary effect of the two action paths is established.(3)There are differences between the development level of green finance and the carbon emission intensity of the transportation industry in the three major regions of China,namely,the east,middle,and west.The development level of green finance and the carbon emission amount of the transportation industry are from large to small,respectively.Based on the research conclusions obtained from theoretical and empirical analysis,this paper proposes the following policy recommendations:(1)Support green technology progress and energy consumption structure optimization,and assist the green development of China’s transportation industry.(2)Guide the development of green finance in China to be more coordinated,mobilize the enthusiasm of multiple entities to participate,and play the positive role of green finance in energy conservation and emission reduction in the transportation industry.