The Impact Of Coordinated Financial Development In The Beijing-Tianjin-Hebei Region On Carbon Emissions

In recent years,China have decided to turn economic growth from the original thickness to intensive transformation,which may enhance people’s life quantity and accelerate productivity.At the same time,the government has slowed down the consumption of various energy sources by developing and implementing a series of policies in order to protect the environment.However,in the real case,China’s energy consumption structure is always based on coal and has not yet been changed,and China’s stress on reducing the emission rises up.Therefore,how to give enough consideration to environmental protection under the premise of stable economic growth is no doubt a periodic challenge our country encounters.In addition,it is undeniable that financial is the core link of each national economic development process,and it can play an important role in industrial structure optimization and promotion of environmental protection.Furthermore,environment get protected and supported financially,which can also directly protect us to achieve low-carbon economy.In general,carbon emissions are affected by a series of natural factors,lead to environmental pollution in the region,as well getting impacted by the surrounding carbon emissions.Therefore,this paper is an analysis taking Beijing,Tianjin,and Hebei as object,taking the period from 2010 to 2019 as the study period to better explore the impact of the coordinated development of regional finance on carbon emissions.Also,scale,structure and technical effects of carbon emissions were analyzed,and indicators such as the financial correlation rate and foreign direct investment over GDP indicating the financial development coordination in the Beijing-Tianjin-Hebei region were selected to establish a spatial measurement model.The regression results show obvious positive spatial correlation between the carbon emissions of the Beijing-Tianjin-Hebei regions.Compared with the structural and technological effects,the scale effect of economic development has significantly restrained carbon emissions.Finally,this article will give full play to the emission reduction incentives of the three governments and financial department.Then,support emission reduction by applying the interaction financial development in the region.Specifically,consider the technology,scale,and structure effect in carbon emission reduction.Last but not lease,propose reasonable countermeasures and suggestions from multiple perspectives including global awareness.