首页|绿色金融改革创新试验区政策对碳排放的影响效应——基于282个城市面板数据的准实验研究

绿色金融改革创新试验区政策对碳排放的影响效应——基于282个城市面板数据的准实验研究

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  • 国家科技期刊平台
  • NETL
  • NSTL
  • 万方数据
建立绿色金融改革创新试验区是中国重要的绿色金融政策之一,也是实现"双碳"目标的重要手段.该研究首先通过理论模型求解阐述绿色金融政策实现碳减排效应的作用机理.在此基础上,利用2006-2019年中国282个城市的面板数据,运用双重差分模型实证分析绿色金融改革创新试验区政策的碳减排效应及其中介效应作用机制,探究绿色金融改革创新试验区政策在地理区域、资源禀赋、主导产业、产业禀赋方面的碳减排效应异质性,以及绿色金融改革创新试验区与低碳城市在碳减排方面的协同效应.研究表明:①绿色金融改革创新试验区政策存在显著的碳减排效应,通过替换变量、缩尾处理、增加控制变量、改变窗口期、倾向得分匹配-双重差分模型、安慰剂检验等方法进一步验证了该结果的稳健性.②绿色金融改革创新试验区政策在微观层面通过提高重污染企业融资约束和降低企业碳排放进而实现城市层面的碳减排效应,在宏观层面通过促进绿色技术创新和优化能源消费结构进而实现碳减排效应.③绿色金融改革创新试验区政策的碳减排效应并不存在显著的地理区域差异,但由于资源禀赋较好的城市存在"资源诅咒"问题,资源型城市比非资源型城市的试验区碳减排效应更差.④绿色金融改革创新试验区政策的碳减排效应在主导产业与产业禀赋不同的城市存在"马太效应",第二产业主导的城市和老工业基地城市碳减排效果较差,第三产业主导的城市和非老工业基地城市碳减排效果较好.⑤绿色金融改革创新试验区与低碳城市试点地区在碳减排方面具有显著的正向协同效应,两种政策同时实行的城市碳减排效果更好.
Impact of China's PZGFRI policy on carbon emissions:a quasi-experimental study based on urban panel data from 282 cities
The establishment of pilot zones for green financial reform and innovation(PZGFRI)is one of the important green financial policies in China and an important means to achieve the goals of reaching peak carbon emissions and carbon neutrality.This study first explained the mechanism of the green financial policies on carbon emission reduction by solving the theoretical model.On this basis,the study used panel data from 282 cities in China from 2006 to 2019 to empirically analyze the carbon emission reduction effect of the PZGFRI policy and the mechanism of its mediating effect using a difference-in-differences model.The study also investigated the het-erogeneity of the carbon emission reduction effect of the PZGFRI policy in terms of geographic regions,resource endowments,leading industries,industrial endowments,and the synergistic effects of the pilot zones and low-carbon cities in carbon emission reduction.The results showed that:① The PZGFRI policy had a significant carbon emission reduction effect,and the robustness of the results was fur-ther verified by replacing variables,shrinking the tail treatment,adding control variables,changing the window period,and using the propensity score matching difference-in-differences model and placebo test.② The PZGFRI policy achieved a carbon emission reduc-tion effect at the city level by improving financing constraints for heavy polluters,reducing the carbon emissions of enterprises at the mi-cro level,promoting green technology innovation,and optimizing energy consumption structures at the macro level.③ There was no sig-nificant geographical difference in the carbon emission reduction effect of the PZGFRI policy,but due to the'resource curse'problem in cities with better resource endowments,the carbon emission reduction effect of the pilot zones in resource-based cities was worse than that in non-resource-based cities.④ The carbon emission reduction effect of the PZGFRI policy had a'Matthew effect'in cities with different industrial endowments,and the carbon emission reduction effect was worse in cities with secondary industries and old in-dustrial bases and better in cities with tertiary industries and non-old industrial bases.⑤ There was a significant positive synergistic ef-fect between the PZGFRI and the low-carbon city pilot zones in terms of carbon emission reduction,and the cities with both policies had a better carbon emission reduction effect.

green financecarbon emissionsgreen technology innovationenergy consumption structuresynergistic effect

张振华、陈曦、汪京、冯严超

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兰州大学经济学院,甘肃 兰州 730000

兰州大学绿色金融研究院,甘肃 兰州 730000

郑州大学商学院,河南 郑州 450001

绿色金融 碳排放 绿色技术创新 能源消费结构 协同效应

国家自然科学基金青年科学基金国家自然科学基金中国博士后科学基金面上一等资助项目(第七十二批)教育部"春晖计划"合作科研项目甘肃省自然科学基金青年科技基金甘肃省哲学社会科学规划一般项目

72304124722430062022M72013120220166022JR5RA5422022YB014

2024

10.12062/cpre.20221002

中国人口·资源与环境
中国可持续发展研究会 山东省可持续发展中心 中国21世纪议程管理中心 山东师范大学

中国人口·资源与环境

CSTPCDCSSCI北大核心
影响因子：3.126
ISSN：1002-2104
年,卷(期)：2024.34(2)
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