Research On The Impact Of Green Finance On China's Economic Ecology

Since the reform and opening up,China's economy has developed rapidly,but long-term extensive development has also brought serious ecological problems such as air pollution,water pollution,and land desertification.Against this background,the 19th National Congress of the People's Republic of China first proposed that pollution prevention should be listed as one of the three major battles.Green finance,as an economic activity to deal with climate change,improve the ecological environment and rationally use resources,has become the only way to promote the sustainable development of our economy Choice.According to the 2016 "Environmental Statistics Bulletin",the five northwestern provinces of China are relatively backward in the ranking of the national ecological environment,which shows that the development of the economy in the five northwestern provinces is at the expense of the ecological environment,and this situation is getting worse.In 2016,seven ministries and commissions issued the "Opinions on the Construction of a Green Financial System",which pointed out that it is necessary to comprehensively change the current economic development mode,and to take a harmonious development path that adapts the economy to the environment.This article first discusses the background,research significance,and innovations and shortcomings of the topic selection.Second,it collates domestic and foreign literature on economic ecology and green finance.It integrates the evolutionary process,theoretical basis,and research paths of green finance,and finds that domestic Existing literature focuses on the development of green finance to promote economic ecologicalization in the eastern region,and few literature's study the green finance and economic ecologicalization in the western region.Based on this,this paper takes the five northwestern provinces of China as examples to build an empirical model of green finance's impact on the development of ecological economy,and to understand the logical mechanism of green finance's impact on economic ecology.Then,according to the empirical model and the elements of ecological economic development,select relevant indicators,use the data of five provinces from 2008 to 2018,and use a fixed-effect model to conduct empirical analysis and draw conclusions.Finally,it puts forward corresponding policy suggestions from the aspects of market subjects and perfecting mechanisms.There are five chapters in this article,of which the first chapter expounds the background of the article,combs and summarizes the domestic and foreign literature.The second chapter focuses on the theory of regional economic ecology and green finance.Chapter 3 introduces the measurement standards and methods of regional economic ecologicalization and green finance,including evaluating green finance with green investment,and measuring regional economic ecology with environmental ecologicalization,resource ecologicalization,social ecologicalization technology ecologicalization and economic ecologicalization Change.The fourth chapter focuses on the empirical analysis and evaluation process description.This article uses green finance as the explanatory variable,economic ecologicalization as the explanatory variable,the harmless treatment rate of domestic garbage,the amount of urban domestic garbage removal,and the amount of forestry investment completed as the control variables..Through the fixed effect model,it is found that green finance has a significant positive impact on the economic ecology of the five northwestern provinces,but the control variables have a greater impact on the economic ecology of the five northwestern provinces.The reason is that the five northwestern provinces have problems restricting the development of green finance.The fifth chapter is based on the understanding of the above four chapters,and proposes measures such as improving market participants' awareness of green finance and improving environmental information sharing mechanisms to achieve green development of the economic ecology.