Research On The Impact Of Green Finance On Industry Ecologization

In recent years,how to improve eco-civilization construction,to achieve green development has attracted much attention of the CPC Central Committee.To solve the ecological environment problems in the historical intersection period,we must speed up the establishment of ecological economic system with industrial ecologization and ecological industrialization as the main body.Under the background of green development at the present stage,green finance can be considered as a breakthrough to promote the further development of industrial ecologization.Therefore,this thesis studies the influence mechanism of green finance on industrial ecologization and provides solid empirical evidence,which is significant to the improvement of China’s green finance system and the promotion of high-quality development.The innovation of this thesis mainly has two points:first,this thesis breaks through traditional analysis framework of industrial ecologization,considering the energy consumption and pollution emission,proportion of polluting industries,production efficiency,resource recycling five dimensions on industrial ecologization,more fully defined the connotation of industrial ecologization development.Secondly,this thesis studies industrial ecologicalization from the perspective of finance,and uses industrial structure and technological innovation as mediating variables to test the mediating effect respectively,deeply analyzes the indirect effects of green finance on industrial ecologization,and conducts heterogeneity analysis on the impact of green finance on industrial ecologization in different regions,studies and comparisons are made at both national and regional levels.After reviewing the related literature and the basic theory of summary,this thesis argues that,theoretically,green finance acts on the real industry,consumers and investors respectively,directly affecting the industrial ecologization through capital formation,capital guidance,crowding out effect,risk compensation and supervision mechanism,or indirectly affecting the industrial structure and technological innovation level,which in turn affect industrial ecologization.Then calculating green financial and industrial ecologization index of China’s 30 provinces by constructing their evaluation index system,visualizing the evolution trend of the two indicators,which provides preliminary verification for the influence of green finance on industrial ecologization.In this thesis,selecting the level of industrial ecologization as the dependent variable,and green finance index as the independent variable to carry out benchmark regression,action mechanism analysis and further research to investigate the effect and specific path of green finance on industrial ecologization.The final research conclusions are as follows:First,the overall level of green finance and industrial ecologization in China’s 30 provinces shows an upward trend with inter-annual fluctuations,and all have obvious regional characteristics.Second,at the national level,the development of green finance has a positive effect on the level of industrial ecologization,while there is heterogeneity in different regions.Thirdly,industrial structure and technological innovation have mediation effects in the impact of green finance on industrial ecologization.In view of the above problems,the following policy suggestions are put forward:First,improve the policy framework of green finance and speed up the construction of green finance market;Second,promote regional cooperation and exchanges to promote the development of green finance;Third,continue to optimize industrial structure and support the development of green industries.Fourth,strengthen the guidance of green production concept,encourage enterprises to make technological innovations,so as to better promote the development of industrial ecologization.