Research on the Impact of Financial Agglomeration on Carbon Emission Intensity and its Spatial Spillover Effects
The"dual carbon"goal is a solemn commitment made by China to the international community,and the 20th National Congress of the Communist Party of China has made comprehensive arrangements to promote the achievement of this goal.Based on the fact that China is accelerating the green transformation of its development model,this paper starts from the characteristics of financial agglomeration and uses panel data from 30 provinces across the country from 2000 to 2022.By constructing a spatial Durbin model,it studies the relationship between financial agglomeration and carbon emission intensity.The results show that there is a significant"inverted N-shaped"curve relationship between financial agglomeration and carbon emission intensity in both the province itself and neighboring provinces.Financial agglomeration can affect carbon emissions through two mechanisms:technological innovation and the level of green finance develop-ment,with variations due to differences in resource endowments.Therefore,to fully leverage the agglomera-tion characteristics of finance to promote carbon reduction,provinces such as Gansu and Chongqing need to adjust their level of financial agglomeration accordingly,avoiding a situation where the level of financial ag-glomeration lies between the two inflection points.They should effectively utilize the carbon emission trad-ing market and better harness the roles of the two mechanisms while being vigilant against the"resource curse"phenomenon.
NETL
NSTL
万方数据
