Research On The Impact Of Green Credit On Industrial Structure Adjustment

After the reform and opening,Chinese economy has developed rapidly.Environmental problem appeared.The contradiction between economic development and the protection of the environment has become an obstacle to the sustainable development of our economy.Although Chinese industrial structure has gradually been transformed into the "321" model,our industrial structure still has some problems.In this context,as the core of the modern economic system,finance will play an important role in promoting industrial structure upgrade.This article analyzes the impact of green credit on industrial restructuring from both theoretical and empirical perspectives.In terms of theory,firstly sort out the relevant research results of domestic scholars on green credit and industrial structure.Secondly introduce the related meaning of green credit and industrial structure adjustment and the mechanism of green credit's influence on the industrial structure,and from the development history of our green credit policies,the green credit development practice and our green credit scale and structure introduced the development status of Chinese green credit in three aspects.The status quo of China's industrial structure was introduced from the three industry components and pollutant emissions.Summarizing the development of Chinese green credit system,there are problems of lack of flexibility in relevant policies,poor operability,weak binding and incentives,and imperfect green credit management mechanism in banks.In terms of information communication,the environmental information communication channels are not smooth,banks rely too much on environmental protection departments to get information,and the lack of intangible assets assessment information.Empirically,by constructing regression models and conducting unit root tests and co-integration tests,we found that the scale of green credit is positively correlated with the industrial structure factor,and negatively related to the energy consumption per unit of GDP and the intensity of pollution emissions.It follows that green credit can promote the upgrade of industrial structure and reduce the waste of resources.Finally,drawing on the development of foreign experiences and combining with the situation of ourselves,give advice on how to develop our green credit.