Research On The Impact Of Green Finance On Regional Ecological Economy

To achieve the goal of low carbon emission reduction and improve the local ecological environment while developing the local economy.As the green finance reform demonstration zone that the state focuses on promoting,the good development of green finance in the Yangtze River Delta urban agglomeration not only helps to accelerate the transformation of local economy to green and ecological,but also can form a radiation demonstration effect from the region to the whole country.Therefore,based on the above background,it is of great theoretical and practical significance to study the impact of green finance on the ecological economy of the Yangtze River Delta urban agglomeration.This paper combs the literature of green finance and regional ecological economy,summarizes the concept of green finance and regional ecological economy again,and establishes the path of green finance affecting regional ecological economy.Green finance can directly affect ecological economy,and also indirectly affect ecological economy through three aspects: fund support,policy guidance,and enterprise supervision.Then select the data of 26 prefecture-level cities in the Yangtze River Delta urban agglomeration from2010 to 2020,build the green financial indicator system from five aspects of green credit,green securities,green investment,green insurance,and carbon finance,and build the regional economic ecological evaluation system from five aspects of economy,society,resources,environment,and science and technology,calculate the development level of the two through entropy method,and analyze the spatial agglomeration characteristics of the two.Through the establishment of a fixed effect spatial Dubin model,this paper studies the degree of influence of green finance on regional economic ecology,and uses heterogeneity analysis to test the spatial difference of the influence of green finance on regional ecological economy.Finally,according to the empirical results,put forward targeted policy recommendations.The empirical results show that there are spatial differences in the development level of green finance in the urban agglomeration of the Yangtze River Delta.The overall development level is relatively high,the distribution feature is "high in the east and low in the west",and there is a positive spatial correlation.There are also spatial differences in the ecology economic of the urban agglomeration of the Yangtze River Delta.In contrast,the ecological development of the coastal economically developed areas is better than that of the inland cities,and its spatial agglomeration is weaker than that of green finance.Green finance plays a significant role in promoting the economic ecology of the Yangtze River Delta urban agglomeration,but the degree of influence of the two is different in different regions.The positive role of green finance in the northern part of the Yangtze River Delta urban agglomeration is strong,while the southern and western parts are relatively weak,and due to the low maturity of the mechanism,the impact of green finance on the ecology economic of the surrounding areas is significantly negative.In addition,the industrial structure,urbanization rate,pollution emission degree and scientific and technological level also have an impact on the ecological economy.In order to ensure the supporting role of green finance in the ecological economy,promote the concept of green and healthy development,and realize the ecological environment civilization,it is necessary to strengthen the coordination and cooperation between regions,increase the support of financial institutions for green finance,unblock the mechanism of green finance in the ecological economy,and strengthen the top-level policy design of green finance.