Research On The Impact Of Green Finance On The Development Of Regional Green Economy

With the rapid development of China's industrialization,problems such as ecological environment deterioration and exhaustion of energy and resources are increasingly prominent in the economic society.Therefore,the development of green industry has become the inevitable choice for China's economic transformation and upgrading.If we want to deal with environmental problems in a fundamental and practical way,we should give full play to the role of finance in resource allocation and guide capital into green industry.As an indispensable arrangement of financial system to promote the development of green economy,however,whether green finance can exert a positive impact on the development of regional green economy while playing a role in environmental protection needs to be further verified.In view of this,literature research,statistical analysis and empirical analysis are adopted to carry out theoretical analysis and empirical research on the impact of green finance development on regional green economy.First of all,this paper combined with the era background,combed the domestic and foreign financial support about green area,the research development of green economy development as the research direction in this paper,secondly,based on the analysis of the green financial impact on the relevant theoretical basis of economic development,further explores the green financial role of green economy development path and provides a theoretical basis for study of below.Thirdly,it analyzes the development of green finance in China,and constructs an evaluation index system to measure the development level of green finance in various provinces and cities.Fourthly,the paper calculates that the green GDP(GGDP)of each province represents the development level of regional green economy,which provides data basis for the following empirical analysis.Fifth,due to the availability of data,by using the provincial data of 30 provinces(cities and districts excluding Tibet)from 2013 to 2017,build the panel regression model to study the relationship between green finance and green economic development found green financial development level,per capita national income and the third industry of our country has a significant positive effect of regional green economy development level,foreign capital utilization level of the regional green economic development level in China have a significant negative effect,and to point out that our country financial support in the green area green economic development there are still some problems needed to resolve: Financial institutions' support for green economic development is insufficient,the construction of green financial system is not perfect,and the industrial structure is not reasonable.Finally,in view of the problems existing in China's green finance supporting the development of regional green economy,countermeasures and Suggestions are put forward,including strengthening the support of financial institutions to the green economy,vigorously developing green industries to support green innovation,improving the construction of green finance system,improving the quality of opening up to the outside world,and improving financial laws and regulations.