Impact of Green Finance on Carbon Emission Efficiency:an Empirical Analysis Based on 30 Provinces in China
To explore the relationship between green finance and carbon emission efficiency,based on data from 30 provinces in China from 2005 to 2021,the development level of green finance and carbon emission efficiency in each province were calculated;And using bidirectional fixed model,mediation effect model,and regulatory effect model to study the impact of green finance on carbon emission efficiency.The study shows that green finance has a U-shaped relationship with carbon emission efficiency;Green finance can affect carbon emission efficiency by in-fluencing technological innovation and energy consumption structure;Government R&D investment plays a role in weakening the U-shaped trend in the impact of green finance on carbon emission efficiency;Heterogeneity analy-sis found that in the eastern region,the impact of green finance on carbon emission efficiency shows a U-shaped relationship,while the relationship between the two is not significant in the central and western regions.Therefo-re,the government and financial institutions should improve the development system of green finance;Vigorously narrowing the gap in green finance development through regional cooperation;Create a good innovation atmos-phere,promote technological innovation and optimize energy consumption structure.
green financecarbon emission efficiencytechnological innovationenergy consumption structuregovernment R&D investment
NETL
NSTL
万方数据
