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An Empirical Analysis Of Green Investment's Effect On Industrial Wastewater-

Posted on:2020-07-15Degree:MasterType:Thesis
Country:ChinaCandidate:X T ChenFull Text:PDF
GTID:2381330572983667Subject:Financial
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Against the background of the current population explosion and the continuous expansion of industrialization and urbanization,China's economic growth has entered a period of "painful structural adjustment and shifting of growth speed",and the water resources problem accompanied by economic growth has become increasingly prominent.The shortage of water resources is the current situation in China,the per capita amount is less than one third of the world,water environment overload,water ecological problems and other issues can not be ignored.With the construction of ecological civilization as the top policy,China is constantly increasing the investment in water environmental protection and moving towards the goal of pollution reduction.On June 24,2018,the central committee of the communist party of China(CPC)and the state council issued the opinions on comprehensively strengthening ecological and environmental protection and resolutely fighting pollution prevention and control.Of governance in the water is put forward to the.2020 national surface water ?-? type water ratio above 70%,and worse V water proportional control within 5%,nearshore about 70%excellent water quality objectives.Water pollution and water resources are important components of sustainable economic and social development.They have become an important subject of upholding and developing socialism with Chinese characteristics in the new era.As a new concept,green finance has gradually entered the public eye.Since 2016,the country has accelerated the construction of green finance system.By the end of 2018,the green credit balance of 21 major Banks in China had reached more than RMB 800 billion,an increase of 16%year-on-year in 2017.In 2018,China became the second largest issuer in the green bond market after the United States,with 210.3 billion yuan of green bond issuance,accounting for about 18 percent of total global issuance.Industry plays an important role in the national economy.In 2017,industrial water consumption was 131 billion cubic meters,accounting for 21.5%of the total.The main source of water pollution is the excessive discharge of industrial wastewater and the timely and effective treatment of wastewater.Moreover,industrial wastewater generated by pollution-intensive industries has become one of the three major problems in the utilization of water resources,which restricts China's industrial transformation.It is extremely urgent to strengthen environmental pollution control.There are many factors influencing the pollution control of industrial wastewater.In previous studies on industrial wastewater discharge,most of the factors affecting industrial water use efficiency were analyzed,but relevant environmental factors were lacking.This paper focused on the concept of green finance and analyzed its impact on industrial water pollution discharge.At present,the total amount of investment in environmental pollution control in China's statistics represents the investment behavior of government departments,financial departments,private enterprises and other parties in green environmental protection projects,which reflects the core of the development of green finance.This article selects the environmental protection investment to carry on the analysis to the industrnal waste water discharge.control effect,simultaneously.carries on the analysis to the provinces waste water discharge situation.In theory,this psaper adopts the methods of statistical analysi and empirical.analysis to study the role of green investment in the treatment of industrial wastewater discharge.Firstly,this paper reviews the domestic and foreign literature research on water environmental pollution and'green finance,and defines relevant concepts.Secondly,the theory of public goods,externality theory,government failure theory and other theories are introduced,and the relevant content and development are elaborated.On the basis of previous analysis and summary,the connotation of green finance is introduced from four aspects.By summarizing relevant theories,the paper affirms the positive role of green finance in pollution control and the necessity of using financial means to treat industrial wastewater discharge.On the empirical basis,this paper takes the treatment effect of industrial wastewater discharge as the research object.Through the establishment of panel data model and the introduction of green investment index,it studies the effect of green investment on the treatment of industrial wastewater discharge and analyzes whether the water pollution environment has been improved.Finally,it is concluded that green investment can improve the water pollution environment,and this effect is also different in the empirical analysis of 32 regions from 2008 to 2016.This paper discusses the shortcomings of green finance in water pollution prevention and control at the present stage,including slow development of emission trading,imperfect environmental investment and financing mechanism and imperfect green credit mechanism.Finally,relevant policy Suggestions are put forward for the above analysis,including improving green financial policies to support water pollution prevention and control,innovating financial financing tools for water pollution prevention and control,establishing a sound green financial market system in various regions and accelerating the internal integration and optimization of high-pollution enterprises.
Keywords/Search Tags:Green Finance, Environmental Investment, Treatment of Industrial Wastewater Discharge
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