A Study On The Influence Of The Development Of Finance To Carbon Emission

As the country with most CO2emissions, our country has promised to cut40%-45%of intensity of CO2emissions compared to2005by2020. The key to this goal is to realize the economic transformation of low carbon, through the adjustment of economic structure and technological progress; however, economic transformation cannot leave the financial support.Through literature research and theory analysis, this paper discusses the influence of financial development to economic structural adjustment and technology progress. On this basis, this paper combines this influence mechanism with the theory about influence factors of CO2emissions, and theoretically analyses the influence of financial development to CO2emissions and the concrete path. After the theoretical analysis, this paper makes a empirical study of the influence by constructing a VAR model which contains two variables about financial development and CO2emissions. The result of this empirical study insists that financial development has an affect in CO2emissions reduction.And then I refer to the relative research about the carbon-emission extent in China and though comparative analysis, I conclude that on one side, the financial development could lead to the decline of carbon intensity by promoting the technical progress, on the other side, economic structure changes and energy-consuming structure may offset part of the promotion effect of the technical progress. This suggests that, in structural carbon emission reduction, we still have great potential, which is possible for us to achieve by the influencing process of finance to industrial structure and energy structure.Based on this analysis, this paper puts forward several suggestions. Firstly, we can enhance the guiding role of finance to the carbonization of industrial structure through green credit and low-carbon financing and investment. Secondly, encourage the general people lead a low-carbon life and consume in a low-carbon way. Thirdly, strengthen the promotion effect of finance to the technical progress. Lastly but not the worst, act actively in the carbon finance market.