Research On The Impact Of Financial Inclusive Development On Carbon Emission In China

With the greenhouse effect sweeping the world and the deterioration of ecological environment,the development of low-carbon economy has become a hot topic of common concern to people all over the world.In the report of the 19 th National Congress of China in 2017,the importance of protecting the ecological environment was emphasized again,and the importance of implementing high-quality economic development was pointed out.As an effective means of resource allocation,finance will help to achieve the low-carbon goal in China as soon as possible.Therefore,it is of great significance to explore the impact of China’s financial inclusive development on carbon emissions.First of all,this paper combs and studies the relevant literature of carbon emissions,and summarizes the influencing factors of carbon emissions,and expounds the theoretical mechanism of the impact of financial inclusive development on carbon emissions from four aspects: economic aggregate,income consumption,technological innovation and industrial structure.Secondly,the paper analyzes the actual situation of China’s financial inclusive development and carbon emissions.Then,based on the annual panel data of 30provinces(municipalities,autonomous regions)in 2005-2017,the carbon dioxide emission intensity is calculated as the explanatory variable,and the financial inclusive development index is constructed from the three dimensions of financial service permeability,availability and efficiency as the core explanatory variable,the SYS-GMM model is constructed for empirical study.The empirical results show that: there is a certain inverted U-shaped relationship between financial inclusive development and carbon emission intensity;in the empirical study of each component of financial inclusive development level,in the three dimensions,the financial related ratio and per capita deposit and loan,the regional distribution of financial institutions’ business outlets and the regional distribution of financial institutions’ employees,the loan deposit ratio and the labor productivity of financial industry are respectively related to carbon emission intensity There is a significant inverted U-shaped relationship.Finally,according to the empirical results of this paper and the actual situation of our country,reasonable policy recommendations are put forward.