Research on the Carbon Emission Reduction Effect of Green Finance——A Quasi-Natural Experiment based on the Green Finance Reform and Innovation Pilot Zone
Based on the data of prefecture-level cities in Jiangxi,Zhejiang,Guangdong,Guizhou and Xin-jiang from 2013 to 2019 as samples,and taking the green finance reform and innovation pilot zone as a qua-si-natural experiment,this paper explores whether green finance has effectively promoted green and low-carbon development from the perspective of carbon emissions.The study found that:firstly,green finance policy has a significant effect on carbon emission reduction;secondly,green finance policy mainly reduces through expanding capital scale;thirdly,the effect of carbon emission reduction is heterogeneous in the eastern and central and western regions.Therefore,the current green financial policies should gradually expand the scope of the pilot and at the same time,to promote the green service of financial institutions to enterprises,and realize the economic development model of internal economic benefits and external envi-ronmental benefits.
green financecarbon emission reductiondifference in difference
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