| As the economic development gradually enters the new normal,China’s economic development is moving towards the "green" direction,and the overall economy presents a green and low-carbon development model.In recent years,the reform and opening up has entered the deep water zone,and all sectors of society have paid more attention to promoting high-quality economic development through green development.From this perspective,finance undertakes the mission of "green" development and defines the core elements of finance as "green".Green finance can guide the green investment,promote economic growth,the energy intensive and polluting enterprises,in economic growth at the same time,also can protect the environment,complete the transformation of rapid economic growth to high quality development,especially under the background of carbon neutral,carbon peak,should reduce carbon emission intensity,promote the development of green low carbon transformation,support green financial development mode,the construction of ecological civilization.At present,with the further penetration of the concept of high-quality economy and the implementation of relevant policies,the traditional economic development mode is bound to be replaced by high-quality economic development,and what needs to be done is to break through the bottleneck of economic development destroying ecological resources and environment.Based on the relevant data of 30 provinces,municipalities and regions(excluding Tibet Autonomous Region)in 2010 —— 2020,this paper combines theoretical models and practice to empirically test the relationship between green finance and high-quality economic development.From the theoretical perspective,first of all,this paper expounds the concept,connotation and mutual relationship between green finance and high-quality economic development by combing the existing domestic and foreign literature.And the analysis of the national,domestic and foreign green finance related cases.Subsequently,the weight was determined by entropy method,and the high-quality development of green finance and economy was analyzed respectively from multiple dimensions.At the same time,in the empirical aspect,this paper conducts an empirical analysis and research on the green finance and the high-quality economic development through the panel model and the threshold model,and carries out a series of robustness tests.Finally,according to the above empirical evidence,the relevant conclusions and suggestions are put forward.The empirical results show that:(1)there is a significant positive correlation between green finance and high-quality economic development;(2)there is a "threshold" effect between green finance and high-quality economic development,that is,when the growth level of green finance passes the "threshold" value,it will bring a stronger promotion effect on high-quality economic development.Therefore,this paper proposes that green finance can be used as a tool to promote high-quality economic development,formulate green financial policies in the mode according to local conditions,build a perfect green financial economic development mechanism,and truly realize the high-quality economic development through green finance.This not only for the financial sector,government,enterprise sector can provide certain policy reference,support the development of green finance,also makes the relevance of industrial structure transformation and economic development theoretical support,to ensure that our country can achieve the goal of carbon neutral,the sustainable development policy of our country deepening with economic development gradually into the new normal,the development of our economy is in the direction of "green",China’s economy presents green low carbon development model. |
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