Impact Analysis About Government Intervention Improving Banks And Enterprises Participation Behavior In Environmental Finance

Environmental issuess,such as environmental pollution and ecological imbalance,have risen to global economic and political issues,which bear on human survival and social development.There is a general consensus on strengthening environmental protection and achieving sustainable economic and social development.The environmental issuess behind China’s rapid development are also increasingly severe,with haze phenomenon,water pollution,land pollution and other problems becoming the focus of the whole society.Environmental finance is the hub of the financial industry and environmental industry.It has become particularly urgent to promote and develop environmental finance under such a background,which has become the inevitable trend of the development of China’s financial industry.The 19 th Communist Party of China National Congresst of 2017 pointed out that we should unswervingly implement the five development concepts of "innovation,coordination,green,openness and sharing".Environmental finance is a major financial reform to implement the five development concepts,and its construction is the key point of green development.In this paper,the concept of environmental finance and the development of relevant research are briefly introduced,and then the development of environmental finance business in foreign countries,the current situation of environmental finance in China,the opportunity of its development and the problems encountered are elaborated.The demand for environmental finance is huge and needs to be met through the introduction of enterprises,financial institutions and more social funds under the guidance of the government.The rapid development of environmental finance must be based on effective incentive mechanism.Then,this paper uses the method of game and analyzes the participative behavior of commercial banks and enterprises to environmental financial under the participation of the government.This paper then analyzes the formation and change of this Nash equilibrium,and come up with a point that government intervention measures have certain influence on the participative behavior of banks and enterprises,and finanlly put forward policy suggestions about how to improve the participation willingness of commercial Banks and enterprises to environmental financial services.Then further,under the condition of uncertainty,using the method of mathematical model,this paper analyzes the influence of three measures of government intervention to commercial banks and enterprise’s participative behavior to the environmental financial services.And on the basis of thecomparison,this paper makes a point that subsidies and punishment measures improve financial environment better than single subsidies or punishment measure,and gives the corresponding policy recommendations to improve the participation willingness of environmental finance.