Study On The Influence Path Of Green Finance On Carbon Emission Under The Dual-carbon Target

With the global climate change,carbon emission has become the focus of attention all over the world,and China’s extensive economic growth has been unable to adapt to the current trend of development.The 2020 dual carbon target puts forward new requirements for China’s development.Under the dual carbon goal,all kinds of economic growth modes in China are in urgent need of transformation,and the green development of industrial structure upgrading,low-carbon technology and other aspects of green development are inseparable from financial support.Green finance is an important part of green development.As the basis of low-carbon economy,green finance can effectively guide the transformation of low-carbon economy,so it is necessary to study the relationship between green finance and carbon emission intensity.Based on the original literature,this paper sorts out the current situation and theoretical basis,and analyzes the mechanism of action between green finance and carbon emission.Green finance promotes carbon emission reduction by meeting the financial needs of different industries at different levels.This paper measures green finance from multiple dimensions and analyzes the current situation of green finance development and carbon emission intensity in different forms.Based on the data of 30 provinces in China from 2005 to 2019,dynamic GMM model is used to conduct empirical research on panel data,and the results show that green finance can effectively promote carbon emission reduction.Secondly,the influence mechanism model is constructed to further analyze the mechanism of green finance to promote carbon emission reduction,and from the perspective of heterogeneity analysis,the role degree of different regions is analyzed.It is found that green finance and carbon emission intensity have formed a good interactive relationship in China,and the role of green finance on carbon emission varies from region to region.At last,this paper puts forward effective Suggestions for the empirical results,which should promote the development of green finance from the aspects of improving the rules and regulations of green financial development,guiding green consumption,improving the green financial development system,promoting green technology innovation and rich green financial toolbox,and realizing the high quality economic development.The research enriches the research on green finance and carbon emissions,and provides useful policy reference for promoting the development of green finance and achieving the high quality economic development.