The Influence Of Green Finance On Macro Economic Growth And The Rationality Of Carbon Tax

Rapid economic development has caused serious pollution to the ecological environment.In 2016,in order to mobilize and encourage more social capital into the green industry,in order to effectively curb pollution of investment,the people's Bank of China,the Ministry of Finance and other seven ministries jointly issued the "guidance" on the construction of green financial system,and point out that the state,government,financial institutions three joint support.In order to turn into practice from the concept of green finance in China.Thus,the construction of green financial system,not only contribute to the traditional economy of China's rapid transition to a green economy,but also is conducive to the promotion of Technological Development in the field of new energy,environmental protection and energy saving,the growth potential of new industries to improve the economic growth and the macro economy of our country are very helpful.To determine the level of carbon tax reasonable,and effectively implement the relevant policies of green finance in China,to promote macroeconomic activities really return to the green development track to achieve economic development and environmental protection win-win.In this paper,on the basis of previous research,the paper selected relevant data of 2007-2016,RGUI and Matlab based software,using cointegration method to demonstrate the development of China macro economy and expanding Chinese green financial scale is closely related,and tested the causal relationship of both using the Grainger causality test.The results show that there is a long-term equilibrium relationship between the growth of China's macro economy and the scale of green finance.This shows that the development of green finance in China can not be separated from the support of macroeconomic,but macroeconomic slowdown is the trend of the times,so it is imperative to find a new way to develop green finance.On the basis of the above conclusions,this paper takes the carbon financial model as an example to compare the effects of carbon emissions and carbon tax on China's development of green finance.The research shows that there is significant spatial correlation between China's provincial carbon emission levels,indicating that in our country the development of carbon tax policy should take spatial effects into account,as recommended by the higher carbon tax in Shandong,Jiangsu,Hebei and other high emission areas in Ningxia,Qinghai and other areas of low emission charge lower carbon tax to formulate specific measures for the development of green finance according to the actual situation in different regions.