The Mechanism,Empirical Test and Countermeasures of Green Finance Empowering Circular Economy Development
This article quantitatively evaluates the development level of circular economy and green finance in various provinces by constructing comprehensive evaluation indicators for circular economy and green finance.It is found that from 2013 to 2021,the development level of green finance and circular economy in various provinces in China has shown an upward trend,but there are significant regional differences.On this basis,this paper analyz-es the theoretical mechanism of green finance for the development of circular economy from the aspects of finan-cial support and industrial structure optimization,and further empirically investigates the role of green finance in promoting the development of circular economy.The study shows that green finance plays an important role in pro-moting the development of circular economy,especially in the eastern part of China,and there are significant inter-action effects,spatial spillover effects and stage threshold effects between the two.Based on the conclusion of the study,this paper proposes countermeasures that each local government should formulate differentiated green,low-carbon and recycling development policies and promote the mutually integrated development of green finance and recycling economy by region and stage.
green financecircular economygreen economygreen creditcarbon financelow-carbon transi-tionsustainable development"carbon peaking and carbon neutrality"goals