• Industry Promotion Research
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• v.9 no.4
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• pp.505-514
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• 2024

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.