Analysis Of The Development Of Green Finance And Its Impact On The Economic Environment

Green finance has highlighted its important value in the party and the country implementing the concept of green development and modernizing the national ecological civilization governance system.The development of green finance and the construction of a green financial system have become particularly important in today's new era,whether it is economic sustainability or ecological sustainability.The important practical significance of green finance for advancing the modernization of the national green governance system and governance capacity is that vigorously developing green finance not only helps China transform its economic development model and establish a responsible international image in the world,but also helps promote the development of green enterprises Transformation and ease the government's green development funding pressure.The good news is that the development of green finance has long become a national strategy in China,and regardless of product diversity,financial institution participation,or the progress of work in pilot areas,green finance has shown good development momentum in China.However,the development of green finance in China is still in its infancy,and there are still many problems to be solved in the development process,such as lack of legal support,serious lag in intermediary systems,insufficient innovation in green finance-related products,and lack of incentive mechanisms.This article starts from the height of advancing the modernization of the national governance system and governance capabilities,emphasizing that the construction of China's green financial system in the future should be guided by the concept of "big green finance",and the current development problems of green finance pilot areas should be integrated.Regarding innovative product supply,strengthening "green" standard construction,and strengthening talent training,we have put forward relevant policy recommendations to solve the problems of green finance development in order to build a more complete green financial system.Second,it further explores the economic and environmental effects of green financial development.By constructing a panel data model,the results of empirical research on the two effects show that: the implementation of green credit policies helps to restrict some of the funds to high-pollution industries,restrict the irreversible impact of high-pollution companies on the environment,and to a certain extent force related companies to withdraw Or turn to energy conservation and environmental protection to optimize the industrial structure,which is the economic effect of green finance development.However,the positive environmental effects of green finance are not significant.The empirical analysis of the example of carbon finance pilot policy in this paper shows that the role of carbon finance in improving the carbon emission efficiency of the pilot areas is not very obvious.Finally,in light of the problems in the development of green finance in China,relevant policy recommendations are put forward.