A Study On The Effect Of Financial Development On Carbon Emissions

At present,the global climate change,deterioration of the ecological environment and resource and energy supply situation has not reversed,to the global sustainable development challenges.The fifth IPCC assessment report shows that if you do not take action,global warming will be more than 4 degrees,much higher than the international community generally accepted the temperature rise of 2 degrees.The December 12,2015 climate change conference in Paris by the "Paris agreement",September 3,2016,China Chinese joined the National People's Congress approved "Paris climate change agreement",has become the twenty-third completed the approval agreement of the parties.The future Chinese to achieve the "two one hundred year" established economic development goals,we must speed up the transformation of the mode of economic development,improve energy efficiency,promote clean energy use,to guide residents to low-carbon green consumption and a series of targeted measures to gradually promote the transformation of energy to green,low carbon,reduce conventional pollutants and greenhouse gases emission fundamentally,realize green economic and social development.Previous studies have shown that financial development plays an important role in restraining the intensity of carbon emissions.Therefore,it is of great practical significance to discuss the effect of financial development on carbon emission intensity and its mechanism.This paper introduces the basic situation of China's financial development and carbon emission intensity,the spatial regression model of partial differential method of 1999-2014 Chinese in 30 provinces,municipalities and autonomous regions(except Tibet,Hong Kong and Macao)financial development spatial spillover effects on carbon emission intensity,and analyzed the direct effect of financial development on carbon emission intensity and the indirect effect.Then,the spatial weight matrix,the spatial distance weighting matrix,the spatial weight matrix and the weight matrix of human capital are constructed,and the spatial correlation between financial development and carbon emission intensity is studied from several perspectives from 0-1.Research shows that China's regional carbon emission intensity,financial efficiency and financial scale in the dimension of space aggregation effect;financial efficiency has inhibitory effect on carbon emission intensity,the financial scale has positive effect on carbon emission intensity.The financial efficiency not only has inhibitory effect and has inhibitory effect on the neighboring provinces of the province,the province of the financial scale not only promoted and also has positive effect on neighboring provinces;compared to the actual distance,0-1 distance,economic differences,human capital will impact on the carbon emission intensity will be larger.