Does Green Credit Promote the Green Transformation of Industry?
The green finance based on green credit is an important booster of promoting the green development and the green transformation of industry.Using the entropy method,this paper estimates the degree of industrial green transformation of 30 provinces in China from 2006 to 2021,and indicates the effect of green credit on industrial green transformation.The result shows that green transformation is better in developed regions,green credit promote industrial green transformation,and there is obvious heterogeneity between resource-based and non-resource-based areas,the effect in non-resource-based areas is not significant.Mechanism analysis indicates that green credit improves green innovation level,and at the same time,optimizes industrial structure from polluting industries to clean industries,from resource-dependent industry to technology-intensive industry.The digital economy policy plays a positive regulating role in this process.Therefore,commercial banks should be fully stimulated to enhance green credit,identify credit delivery targets more accurately,thus improve the efficiency of credit resource allocation and strengthen regional digitization.
green greditgreen transformation of industrygreen development
NETL
NSTL
万方数据
