Research On The Impact Of Green Credit On Carbon Emission Performance Of Manufacturing Industry And Its Spatial Spillover Effec

In recent years,the increase of carbon dioxide（CO₂）emissions is becoming a key factor in global warming,especially in the field of manufacturing.The rapid rise of CO2 emissions poses a certain challenge to the realization of China’s"double carbon"goal.With the development of the economy,the manufacturing industry in some regions is gradually changing from labor-intensive to capital-intensive and technology-intensive.The efficiency of carbon emissions varies at different stages of industrialization,which means that the effect of"structural emission reduction"is also quite different.In this context,this paper puts the impact of green credit on the carbon emission performance of manufacturing industry and the spatial spillover effect at the core of the study,which has strong theoretical and practical significance.This article first introduces the theoretical basis and literature review at home and abroad,elaborates on the typical facts of carbon emission performance and green credit in China’s manufacturing industry.Then,using models such as bidirectional fixed effects,generalized double difference DID,spatial econometrics,and intermediary mechanisms,it empirically analyzes the overall impact of green credit on manufacturing carbon emission performance,and evaluates the impact of green credit policy implementation on manufacturing carbon emission performance,And the spatial spillover effect of green credit on the carbon emission performance of the manufacturing industry.Next,the international experience of the impact of green credit on the carbon emission performance of the manufacturing industry is discussed,and it is proposed to accelerate the unified formulation of green credit standards in different regions,establish a mechanism for disclosing and sharing green credit project information,construct green credit implementation paths from different regional or spatial perspectives,and continuously improve the risk compensation and constraint capabilities of green credit Promote coordination and cooperation between the financial ecological environment,accelerate the green and low-carbon transformation of manufacturing enterprises,and other policy recommendations.Specifically,the innovations of this paper mainly include:1.In terms of theoretical mechanisms,this article provides a detailed calculation of the carbon emission performance of manufacturing in China’s four major sectors and eight major economic zones in recent years,and constructs a spatial transmission mechanism of green credit on the carbon emission performance of manufacturing.This has made a marginal contribution to the relevant theories in existing literature.2.In terms of research methods,this article comprehensively uses models such as bidirectional fixed effects,generalized double difference DID,spatial econometrics,and intermediary mechanisms to consider the impact of green credit on manufacturing carbon emission performance,and conducts robustness and heterogeneity tests on the empirical results,which enriches the theoretical foundation of existing research.3.In terms of research ideas,this article systematically analyzes the impact of the"Green Credit Guidelines"policy on the carbon emission performance of the manufacturing industry from a"macro micro"perspective,and provides a detailed explanation of the impact effects of this policy.In addition,this article elaborates on the international experience of the impact of green credit on manufacturing carbon emissions performance in countries and regions such as the United States,Europe,and Japan,and proposes countermeasures and suggestions based on China’s actual situation,which can provide theoretical support or reference for relevant policy decisions.