Under Dual Carbon Target Study On The Impact Of Green Credit On The High-Quality Development Of Commercial Banks

Since the reform and opening up,the development mode at the expense of the environment has been behind the rapid economic growth,which has seriously damaged China’s ecological environment and led to a series of problems such as severe climate problems,aggravation of greenhouse effect,and frequent occurrence of natural disasters,etc.In 2007,in order to improve the severe environmental situation,the government promulgated the Opinions on the Implementation of Environmental Protection Policies and Regulations on Preventing Credit Risks with the purpose of addressing the severe environmental problems by means of green In 2007,in order to improve the severe environmental situation,the government issued the Opinions on Implementing Environmental Protection Policies and Regulations to Prevent Credit Risks,with the purpose of solving the severe environmental problems by means of green credit.The development of green credit of commercial banks will guide the inflow of social funds into the green industry,inhibit the development of high-pollution and high-energy-consumption industries,promote the advancement of green and low-carbon technologies,and push forward the green transformation of Chinese economy.In recent years,as global environmental problems have become more and more prominent,green finance has gradually been emphasized by government departments and financial institutions in various countries,and more and more countries have elevated "carbon peak" and "carbon neutrality" to national strategies,and put forward the vision of a carbon-free future.In 2020,China officially put forward the vision of achieving carbon peak by 2030 and carbon neutrality by2060.Since then,green finance has become an important tool to help realize the "dual carbon" goal.In this context,based on the perspective of green credit of banks,in-depth exploration of the impact of green credit on the high-quality development of commercial banks,and clarification of the role of the path of China’s green credit policy,the establishment of a good market mechanism,expanding the scale of green credit,and the realization of high-quality transformation of banks has a certain theoretical and practical significance.This paper first summarizes and combs the domestic and international literature on green credit and bank high-quality development related research,and finds the shortcomings of the existing research;secondly,combined with the data from the database of Cathay Pacific and other databases,it analyzes the status quo of China’s green credit and the development of commercial banks and the existing problems in a more comprehensive way;then,it defines the concept of high-quality development of commercial banks and analyzes the business characteristics of green credit,and it analyzes the business characteristics of green credit according to the theory of corporate social responsibility,Environmental Risk Management Theory,Cost-Benefit Theory and Information Asymmetry Theory,combined with the status quo and problem research in the previous article,the theoretical analysis and mechanism hypothesis of green credit affecting the quality of bank development;again,drawing on the five development concepts to establish the evaluation index system of high-quality development of commercial banks,and using the entropy method of objective empowerment to carry out the measurements and based on the data of 18 listed commercial banks from 2013-2021,construct a fixed effect model and use the entropy method of objective empowerment to carry out the measurements.data,construct a fixed-effects model and use the least squares method(OLS)to test the relationship between green credit and high-quality development of commercial banks.It is found that: first,green credit will bring positive impacts on the high-quality development of commercial banks;second,green credit helps to increase the green reputation of banks,which in turn has a positive effect on the development quality of banks;third,there is a certain time lag in the positive impacts of green credit on the high-quality development of commercial banks;fourth,green credit has a significant enhancement effect on the development quality of non-State-owned banks,but the State-owned banks’ development quality enhancement effect is not significant in statistical significance.Combined with the conclusions of the study,this paper gives the following policy recommendations: first,vigorously develop green credit to help realize the "double carbon" goal;second,improve the green credit policy system and strengthen the support of professional talents;third,improve the risk assessment system to maintain the bank’s reputation and image.