The Research On Evaluation Of Environment Finance Development Of Qinghai Province

Since the reform and opening up,China’s economy has grown rapidly.It’s until the GDP growth had slowdown,that people realized that China might enter the inflection point of the environmental Kuznets curve.With the development of high energy consumption and high pollution,China has paid a high environmental cost,therefore Green finance is a new business model to promote the coordinated development of ecology and economy.As a province with abundant clean energy and ecological regional advantages,Qinghai Province is the main province of Green Silk Road.Start from economic development or ecological protection,Qinghai Province should take ecological province as its long-term development strategy.Therefore,Qinghai Province should highlight the role of environment finance in the future development,and actively promote the development of green finance.Firstly,this paper analyses the development status of green finance in Qinghai Province.Secondly constructs the evaluation system of environment finance development,and selects five dimensions: green credit,green insurance,green investment,green bond and carbon finance,Leveraging provincial panel data from 2007 to 2017,weighting by Entropy Value Method,and finally obtained the evaluation results of environment financial development,And from the comprehensive indicators and five dimensions are analyzed respectively.It points out the problems existing in the development of green finance in Qinghai Province,such as insufficient growth of green credit,floating green instead of true green and light green instead of dark green in green bond,insufficient support role of green insurance,unclear compensation standards for environmental liability insurance and catastrophe insurance,large vacancies in green capital management and securities products,and large green investment gap.In the end,the paper puts forward some suggestions for the financial industry to support the development of green finance,and gives some suggestions for government departments to promote green finance.