Green Finance,Technological Innovation and Carbon Emission Reduction Effects
Green finance,as a financial innovation tool that combines finance and en-vironmental protection,has become a new driving force to boost carbon emission reduction.This paper empirically analyzes the impact of green finance on carbon di-oxide emission intensity and its mechanism of action based on the provincial panel data of 30 provinces in China from 2009 to 2021,combined with the estimation methods of two-way fixed effect model,moderating effect model and quantile re-gression.It is found that(1)the development of green finance can effectively sup-press the intensity of carbon emissions and passes the endogeneity and robustness tests;(2)green finance can reduce carbon emissions through technological innova-tion;(3)with the increase of carbon emissions,the suppression effect of green fi-nance on carbon emissions first increases and then decreases;(4)in the central and western regions and regions with higher industrialization levels,green finance can more effectively play a carbon emission reduction effect.Finally,it puts forward the countermeasure suggestions to actively carry out dynamic green financial practice,establish a sound green financial system,and promote the synergistic development of green finance by multiple actors.
Green FinanceTechnological InnovationCarbon Emission ReductionCarbon Peak and Carbon Neutrality
万方数据
维普
