Exploring The Development Level Of Carbon Finance In The Western Provinces

Since the industrial revolution,there was a sharp increase in greenhouse gas content because people abused fossil raw materials in order to persuit economic growth.As a result,the global temperature rise,which led to a series of crises,such as iceberg melting,sea level rise and frequent extreme weather and so on.China is a developing country,facing the dual pressures of economic development and environmental protection.China’s per capita GDP in 2016 is 55412.4937 yuan,and there was a big gap comparing with that in developed countries.So it’s urgent for China to develop the economy and improve people’s living standards.Secondly,China’s carbon dioxide emissions in 2010 reached 10249463 thousand tons,accounting for 28.59%of that in the world.And per capita carbon dioxide emissions were 7.6 metric tons,which was 1.52 times as much as that of the world according to the World Bank.In this case,our country must undertake a major task of reducing carbon emissions.At the same time,there is a low level of industrial structure in western China.The proportion of the first and second industrial value in the western region in 2015 was more than 60%,and it’s obvious that the secondary industry is the main source of carbon emissions.As we can see,the western region is facing huge pressure to reduce emissions.Therefore,reducing the carbon dioxide emissions and protecting the fragile ecological environment in the western region is the inevitable way to enhance the ability of the western region to cope with climate change and achieve susta:inable development.The main content of this paper includes six parts.Firstly,I describe the research background and significance,literature review,research methods as well as innovation.And then I analyze the theoretical basis of carbon finance development.Next,I analyze the development status of carbon finance in the western region from four aspects:carbon emission,energy consumption per unit of GDP,carbon intensity and CDM approval project.The SWOT analysis method is used to evaluate the advantages,disadvantages,opportunities and threats of carbon finance in the western region.And then I construct index system of developing carbon finance from the four aspects,including economic development,financial environment,energy efficiency and science as well as technology.After that,I use the analytic hierarchy process to evaluate the development level of carbon finance in the western region.The conclusion is that the development level of carbon finance in the western region is on the rise,and there are some differences in the development level of carbon finance in the western regions.At the same time,there is a lot of room for developing carbon finance in most areas and the national policy affects the development of carbon finance in the western region.Then,according to the above analysis results,I analyze the factors of affecting carbon finance in western region from two aspects of supply and demand.In this chapter,I use the data of waste treatment facilities,environmental pollution control investment in GDP,the first,second and tertiary industries and so on.The results show that the four indicators of clean technology,national policy,industrial structure and financial efficiency play a positive role in the development of carbon finance in the western region.The impact of the policy on the development of carbon finance is the most significant,with the coefficient reaching 5.9220.Followed by the industrial structure,the impact of carbon finance is relatively large,and the coefficient is 0.6057.Clean technology and financial efficiency also play a significant role in developing carbon finance in the western region.Finally,according to the conclusion of the analysis,I put forward the countermeasures and suggestions for the development of carbon finance in the western region.The innovation of this paper lies in two aspects.Firstly,there is no doubt that research perspective is new.Domestic scholars mainly focus on the national problem,less on the western region of carbon finance by using quantitative methods.I construct indicators framework of carbon finance for the western region in order to comprehensively assess the development level of carbon finance.After that,I analyze the factors that affect the development of carbon finance in the western region.There is no doubt that it can expand the research vision of carbon finance in China.Secondly,it’s beneficial to expand the current research methods.Domestic literature mainly focuses on the correlation analysis.This paper analyzes the current situation of carbon finance in the western region by using the panel data model and the SWOT analysis.For example,I illustrate the advantages,disadvantages,opportunities and threats of developing carbon finance in the western region in a comprehensive way.So this paper provides a useful supplement for the relevant research methods.However,there are some shortcomings in the paper.Due to the partial availability of some data,there are some difficulties to analyze correctly the development level of carbon finance in the western region.So it is necessary to be improved in the follow-up study.