Impact of Green Credit on Upgrading of Industrial Struc-ture in Zhejiang Province
The sustainable development of China's ecological environment is an urgent task for the develop-ment of green economy.The 13th Five-Year Plan emphasizes the five development concepts of"innovation","coordination","green","openness"and"sharing".Based on the data of Zhejiang Province from 2005 to 2019,this paper uses random effects model and other methods to reveal the influence mechanism of green credit on economic development in Zhejiang Province from the micro level.It concludes that the level of green credit,the level of fiscal investment,and the level of education of residents in Zhejiang Province have certain promoting effects on the rationalization and upgrading of the industrial structure in Zhejiang Province.Based on the above research conclusions,this paper proposes measures to expand green financing channels and sources of green funds,further support environmental protection industries,build efficient green information exchange platforms,and increase public participation in the green economy to promote the development of green credit.