Green Finance,Heterogeneous Environmental Regulation and Ecological Environment Quality
The quality of the ecological environment is an important indicator to promote ecological pro-gress and green and low-carbon development in China,and green finance and environmental regulation provide financial support and institutional guarantee for improving the quality of the ecological envi-ronment.Based on the internal mechanism of green finance and environmental regulation affecting the quality of the ecological environment,using the 30 provincial-level panel data in China from 2012 to 2020,this paper explores the effect of green finance on the quality of the ecological environment and the mediating effect of carbon emission reduction,and analyzes the heterogeneous moderating mecha-nism of green finance on the quality of the ecological environment under different types of environmen-tal regulations.The results show that green finance can significantly improve the ecological environ-ment quality,and there is obvious heterogeneity in terms of region and degree of marketization;green finance can indirectly improve the ecological environment quality by reducing carbon emission reduc-tion intensity;there is heterogeneity in the moderating effect of different types of environmental regu-lation tools,the command-based environmental regulation plays a positive role in moderating the car-bon emission reduction effect of green finance,while the market-incentive environmental regulation has a restraining effect,and the moderating effect of the voluntary environmental regulation is not sig-nificant.
green financeenvironmental regulationecological environment qualitycarbon emissionmoderating effect
万方数据
维普
