| After the steady development of the 13 th Five-Year Plan period,China has achieved remarkable economic development achievements while paying attention to energy security and environmental protection issues as before.After entering the 14 th Five-Year Plan period,China has paid more attention to low-carbon and green economic development.The 14 th Five-Year Plan for a Modern Energy System states that China should ensure energy security,promote low-carbon energy production and consumption methods and upgrade the modernisation of the energy industry chain.The14 th Five-Year Plan for a Modern Energy System states that China should ensure energy security,promote low-carbon energy production and consumption patterns and modernise the energy industry chain,and proposes that the proportion of non-fossil energy consumption in China should increase to around 20% by 2025.Green finance is the future direction of financial development,which provides financial support for economic and social development while also focusing on the protection of the ecological environment and the efficient use of resources.The ecological problems caused by energy consumption and its unbalanced structure on the one hand,and the bright prospects for sustainable economic and social development on the other,seem to be somewhat interrelated.In this thesis,the question is raised in the context of low carbon economy,green development and transformation of energy consumption structure: Does the development of green finance in China affect the transformation of energy consumption structure? Firstly,this thesis defines the concepts of green finance and energy consumption structure,and uses the literature analysis method to sort out the existing literature on the two and their relationship.There is a need to enrich the research in this area.Secondly,this thesis analyses the development status of green finance and energy consumption in China,constructs a green finance evaluation index system,adopts the entropy value method to measure the development level of green finance in China,and makes a comparison analysis between the measured values of each region and the national average value.This thesis hypothesizes that green finance has a direct impact on the transformation of energy consumption structure through the functions of capital aggregation,resource allocation,information incentive and risk management,and that the optimization of industrial structure plays an intermediary role in the relationship between green finance and the transformation of energy consumption structure.Again,this thesis collects panel data from 30 administrative regions at the provincial(city and district)level to conduct an empirical study,selects explanatory variables,core explanatory variables,mediating variables and control variables,constructs a mediating effects model to conduct a fixed effects regression on the impact of green finance on the structural transformation of energy consumption,and does further robustness tests and regional heterogeneity analysis.Finally,the above analysis of this thesis is integrated and corresponding policy recommendations are proposed.Through the research of this paper,it is found that:(1)the level of green finance development is uneven among regions in China,with the level of green finance development in the eastern region of China being higher than the national average and other regions,and the level of green finance development in the central and western regions and the northeast region being lower than the national average.(2)Industrial structure optimization at the primary stage,on the other hand,has an inhibiting effect in the impact of green finance on the transformation of energy consumption structure,and industrial structure optimization plays a mediating effect in the impact of green finance on the transformation of energy consumption structure,with industrial structure optimization acting as a partial mediator,and the proportion of the mediating effect in the total effect is 15.4%.(3)There is regional heterogeneity in the impact of green finance on the transformation of energy consumption structure.In the eastern and central and western regions of China,the development of green finance significantly promotes the transformation of energy consumption structure;in the northeastern region of China,green finance has no significant impact on the transformation of energy consumption structure,and the level of urbanization can promote the transformation of energy consumption structure.In view of the above findings,this paper proposes to promote the further optimisation of industrial structure to a higher level,improve the financial system and promote the transformation of energy consumption structure in different regions according to local conditions. |
