中国式金融分权会抑制碳排放吗?——基于绿色金融改革的视角
Will China's Financial Decentralization Curb Carbon Emissions?—Based on the Perspective of Green Finance Reform
厉启晗 1杨瑞龙1
作者信息
摘要
本文以"自下而上"为特征的中国式金融分权模式为研究对象,在检验绿色金融改革创新试点开启前后金融分权对碳排放整体影响变化的基础上,深入讨论由于地方不同的政策投入选择,金融分权对本地和异地碳排放所产生的差异化影响.结果显示:开启改革试点后,我国金融分权总体上与碳排放强度呈U型关系.在影响路径上,改革试点地区选择支持绿色技术创新从而推动企业清洁化和低碳化转型的金融政策减碳效果最明显,并通过溢出效应降低非试点地区的碳排放强度.限制对高污染企业金融供给的政策投入对本地碳排放强度的影响是U型的,即初期有效,长期、大规模采用反而可能产生副作用,并且不具有溢出效应.
Abstract
This paper examins China's financial decentralization model,which is characterized by a"bottom-up"ap-proach.On the basis of examining the change of the overall impact of financial decentralization on carbon emissions before and after the pilot reform of green finance,this paper conducts an in-depth discussions on the differentiated effects of financial de-centralization on local and remote carbon emissions due to different local policy input choices.The results show that there is a U-shaped relationship between financial decentralization and carbon emission intensity.In terms of the impact path,the finan-cial policies that support green technology innovation in pilot reform areas to promote clean enterprises and low-carbon trans-formation have the most obvious carbon reduction effect,and will reduce the carbon emission intensity of non-pilot areas through spillover effects.The influence of policy input to restrict the financial supply of high-polluting enterprises on local car-bon emission intensity is U-shaped.It is effective in the initial stage,but long-term and large-scale implementation may cause side effects,with no spillover effect.
关键词
金融分权/绿色金融/碳排放强度/溢出效应Key words
Financial Decentralization/Green Finance/Carbon Emission Intensity/Spillover Effect引用本文复制引用
出版年
2024
NETL
NSTL
万方数据