DOI QR코드

DOI QR Code

The Influence of Green Finance on Carbon Emissions in China - Green technology innovation as a parameter -

중국 녹색금융이 탄소 배출에 미치는 영향 - 녹색혁신을 매개변수로 -

  • Received : 2024.09.27
  • Accepted : 2024.10.17
  • Published : 2024.10.31

Abstract

The entropy method is employed to measure the four indicators of green credit, green securities, green investment, and green insurance of 18 prefecture-level cities in Henan Province, China from 2012 to 2022. Firstly, based on the standardized indicators and the measured indicator weights, the green finance development indicators we require are obtained. Secondly, a dynamic panel model concerning the development of green finance and the level of carbon emissions is constructed, and the influence path of green finance on carbon emissions is empirically analyzed. The conclusion puts forward that: Firstly, green finance not only directly affects carbon emissions. Secondly, it also indirectly acts on carbon dioxide emissions through green innovation. The level of low-carbon economic transformation in Henan Province, China shows a continuous improvement trend. During the analysis process, an overall correlation analysis of green finance and carbon emissions is carried out, and the specific mechanism of green finance on carbon emissions is explored.

엔트로피 방법을 사용하여 2012년부터 2022년까지 중국 하남성 18개 시의 녹색신용, 녹색증권, 녹색투자, 녹색보험 등의 4개 지표를 측정하였다. 첫째, 표준화된 지표와 측정된 지표에 가중치에 따라 우리에게 필요한 녹색금융 발전지표를 산출하였다. 둘째, 녹색금융의 발전과 탄소배출량 수준에 관한 동태패널모형을 구축하고, 녹색금융이 탄소배출에 미치는 영향의 경로를 실증적으로 분석하였다. 연구결과, 녹색금융은 탄소배출에 직접적으로 영향을 줄 뿐만 아니라, 녹색혁신을 통해 간접적으로 이산화탄소 배출에 영향을 미치는 것으로 나타났다. 연구과정에서 녹색금융과 탄소배출의 전반적인 관련성을 분석하고 탄소배출에 대한 녹색금융의 구체적인 역할 메커니즘을 탐구했다. 녹색금융과 탄소배출의 전반적인 관련성을 분석하고 탄소배출에 대한 녹색금융의 구체적인 역할 메커니즘을 연구하였다.

Keywords

References

  1. An, X. Research on China's Regional Economic Transformation [M]. Beijing: Social Sciences Academic Press, 2016: 144-172.
  2. Salazar, J. Environmental Finance: Linking Two Wor1d[Z]. Presented at a Workshop on Financial Innovations for Biodiversity Bratislava, 1998, (1): 2-18.
  3. Cowan, E. Topical Issues In Environmental Finance[Z]. Research Essay Was Commissioned by the Asia Branch of the Canadian International Development Agency, 1999, (1): 1-20.
  4. Labatt S., White R. Environmental Finance: A Guide to Environmental Risk Assessment and Financial Products[M]. Canada: John Wiley&Sons Inc, 2002.
  5. Yang,Y., Zhang, J. & Si. Rural-urban Migration, Family Arrangementand Children's Welfare: Evidence from China's Rural Areas[J]. Family Relations, 2022,6.
  6. Noh H. J., Gloag R., Langmore N. E. True recognition of nestlings by hosts selects for mimetic cuckoo chicks[J]. Proceedings of the Royal Society B, 2018, 285(1880): 20180726.
  7. Zhang, K. China in the Low-Carbon World: Status, Challenges and Strategies[J]. China Population, Resources and Environment, 2008, (03): 1 - 7.
  8. Lin, B. & Sun, C. How to Achieve Carbon Emission Reduction Goals Under the Premise of Ensuring China's Economic Growth[J]. Chinese Social Sciences, 2011, (01): 64-76+221
  9. Chen,S. Evaluation of the Low-Carbon Economic Transformation Process in Various Regions of China[J]. Economic Research Journal, 2012, 47(08): 32-44.
  10. Chen, L. & Chen, D. Haze Pollution, Government Governance and High-Quality Economic Development[J]. Economic Research Journal, 2018, 53(02): 20-34.
  11. Sun, J. & J. Strategic Framework and Pathway Proposal for Regional Coordinated Development under the New Development Pattern[J]. Journal of the Central Party School (State Administrative Academy), 2022, 26(04): 78-87.
  12. Yu, Y. The Realistic Dilemmas and Basic Pathways of China's Economic High-Quality Development: A Literature Review[J]. Macro-Quality Research, 2018, 6(04):1-17.
  13. Wang, J., Liu, Y. & Li, S. Spatial and temporal characteristics of green finance development and diagnostic factors of obstacles under the "dual carbon" goal[J]. Ecological Economy, 2022, 38(10): 53-61 + 87.
  14. Zeng, H. Analysis of the Evolution of Regional Innovation Differences in China from 1997 to 2013: An Empirical Study Based on the Spatial Dubin Model[J]. Science and Technology Management Research, 2016, 36(2): 14-20.
  15. Yuan, Y. Environmental Regulation, Banking Competition, and Corporate Debt Financing Costs: Evidence from the "Eleventh Five-Year Plan" Emission Reduction Policy[J]. Economic Review, 2022, (2): 122-136
  16. Zeng,X.,Liu,Y.,Man,M.,& Shen,Q. Measurement and Analysis of the Development Level of Green Finance in China. Journal of Yan'an Institute of Party Schools, 2014, 7(06):112-121+105.
  17. Xiao, Y. Research on Financial Mechanisms for Green Development in the Guangdong-Hong Kong-Macao Greater Bay Area[J]. Economic Research Guide, 2021, (4): 41-43.
  18. Guo, X. The Impact Mechanism and Empirical Test of Green Finance Promoting Low-carbon Economic Transformation[J]. Southern Finance, 2022(1):52-67.
  19. Gao & Xue, S. "Green Credit" Implementation Efficiency and Local Government Behaviors[J]. Economic Issues, 2009, (03): 87-90.
  20. BARRO, R. Human Capital and Growth[J]. American Economic Review, 2001,91(2):12-17.
  21. Yan,C. & Li, T. Financial Development, Innovation and Carbon Dioxide Emissions[J]. Financial Research, 2016, (01): 14-30.