Research On The Impact Of Green Amount On Carbon Emissions

Since the reform and opening up,China’s economic development has progressed not in days,but in hours,and the scale and speed of economic growth have reached unprecedented heights.In 2021,GDP grew by 12.8% year-on-year and reached114.3669 trillion.However,rapid economic growth has resulted in large amounts of carbon emissions.At present,our country is still the world’s largest energy consumer and carbon emitter,and the task of reducing carbon emissions is still serious.In order to solve the current climate and environmental problems and achieve the double carbon goal,China is actively promoting the reduction of carbon emissions.He has repeatedly proposed to vigorously develop green finance,which has gradually developed and introduced a number of relevant financial instruments.Due to the rational distribution of industrial development resources,it is possible to effectively reduce carbon emissions.After analyzing the researches of relevant scholars,it appears that there are more studies on green finance,industrial structure upgrading and carbon emissions,but few studies that integrate these three into one framework.In addition,most studies have used empirical analysis to clarify the relationship between green finance and carbon emissions,but there is a lack of evaluation and analysis of the mechanism of green finance in industrial transformation and modernization and the role of industrial structure modernization in reducing carbon emissions.Therefore,this paper takes the panel data of 30 provinces(excluding Tibet,Hong Kong,Macao and Taiwan)from2007 to 2020 as samples to create comprehensive indicators of the development of green finance and industrial structure upgrading,and calculates the carbon emission intensity.Considering industrial structure modernization as an intermediate variable,this paper focuses on the impact of national and regional levels of green finance development on carbon intensity.Investigate whether the modernization of the industrial structure plays an effective role in the development of carbon-sensitive green finance.The conclusion of this paper is that green finance has developed rapidly in recent years,but the difference between different regions is obvious,and coordinated development has not been formed.Among green financial products,the green loan has a relatively large scale,its balance sheet always ranks first in the world in recent years,and the number of green bonds ranks second in the world.However,due to the short development time and weak market activity,environmental insurance and carbon trading still have a lot of room and potential for development.Empirical results show that: The development of green finance has greatly contributed to the reduction of carbon intensity,among which the development of green finance in the eastern region has the most significant impact on carbon emissions,and the eastern region has a partial intermediate effect of upgrading the industrial structure,while the development of green financing in the central and western regions has a significant direct effect on the intensity of carbon dioxide emissions,while the intermediate effect based on the modernization of the industrial structure is not significant.There is no intermediate effect.