Influence Of Green Credit On Low-carbon Industrial Structure

In order to change the current situation of global warming and environmental degradation,all countries in the world are looking for ways to control greenhouse gases,and the traditional economic development model can no longer meet the needs of the contemporary society,so the emergence of low-carbon economy.To develop a low-carbon economy,we must reduce carbon dioxide emissions.The theoretical basis of carbon emission reduction policy is to study the influencing factors of low-carbon industrial structure.In this paper,on the one hand,through the relevant literature review at home and abroad,to understand the current academic circles of green credit,low carbonization of industrial structure,and the relationship between research,determine the research direction,and combed the introduced in recent years some of the green credit and green finance policy system,and according to the green credit index analysis of the current situation of the development of China’s green credit.In terms of index selection,li xiaoxi and xia guang(2014)’s China green finance report were used to measure the green credit level with the proportion of interest expenditure of energy-consuming industries and the proportion of green credit of Banks.As for the measurement of industrial structure low-carbon,carbon productivity,carbon emission,energy intensity and "carbon sink index" representing the three industries are constructed.The selection of these indexes is discussed in detail respectively,and the reason why they are included in the index system is also explained.Input-output method is used to collate the data when calculating the carbon dioxide emissions over the years,and it is compared with life cycle assessment method,carbon tracking calculator and other methods.When calculating and collecting the data of the index system,the advantages of using "entropy weight method" to process the comprehensive index are discussed.on the other hand,USES the microeconomics theory of manufacturers,to analyze the factor market relations between the operation mechanism,green credit is derived for the mechanism of action of low carbonization of industrial structure,assuming that the development of green credit can promote the technology level of environmental protection enterprise relative rise,along with the technical level rise,as an important index of measuring the industrial structure low carbon,low carbon industry output value and the high carbon industry output value will change,and make it as indicators of industrial structure of low carbon.At the same time,this paper also deeply analyzes the transmission mechanism of related green credit and industrial structure low-carbon,and draws two conclusions about the characteristics of industrial structure low-carbon.Finally,based on the panel data of provinces and cities from 2005 to 2016,the panel regression analysis model of provinces and cities is established.Test the spatial correlation of low-carbon industrial structure in each province and city,the endogeneity of explanatory variables,and the effectiveness of excessive identification of instrumental variables.Based on the econometric model obtained from the empirical study,the influence of explanatory variables on the low-carbon industrial structure and the reasons are analyzed in detail.The research results show that(1)green credit has an impact on the low-carbon industrial institutions,but at the present stage,the price effect of green credit promoting technological progress is higher than the direct effect of technological progress promoting production progress.(4)foreign investment hinders the low-carbon industrial structure in China,indicating the existence of the "pollution paradise" hypothesis in China.(5)the low-carbon industrial structure shows an unbalanced geographical spatial distribution in the map,and the regions with optimized economic structure are mostly concentrated in the coastal and eastern regions.