Research On The Mechanism Of Green Finance To Promote The Optimization Of Industrial Structure

China's green finance takes financial means as a tool to accelerate the construction of ecological civilization of socialism with Chinese characteristics,promote the opening-up and coordinated development of trade and regions,as well as the leap forward of the whole social economy.Green finance is a kind of environmental economic system that uses financial policy to upgrade and upgrade the traditional manufacturing industry,solve the environmental constraints of economic and social development,and enhance the green growth of China's economy.In this paper,the concept of green finance is introduced into the optimization of industrial structure promoted by financial structure,and the influence on industrial structure of our country is studied.Green finance mainly affects the development of green industry through financing,and green funds gather in the production field to promote the innovation and application of green technology.After clarifying the relevant important concepts,this paper sorts out and analyzes the internal mechanism of the role of green finance in the optimization of industrial structure,and makes an empirical analysis of the internal mechanism of the role of green finance in the optimization of industrial structure by using the relevant actual data.Through the Granger causality test,we test that the average transaction price of carbon emissions is the Granger cause of the coupon rate of green bonds,and realize the role of capital orientation.By using the multiple linear regression model,the information transfer function of green financial market is confirmed,and the effect of Green Finance on the optimization of current industrial structure is not obvious.However,the interaction between green finance and scientific and technological progress has an impact on the optimization of industrial structure in the current period.Under the condition of technological progress,green finance and technological progress are combined to jointly promote the optimization of industrial structure.Finally,we use the autoregressive distribution lag model(ADL)to empirically study the integration mechanism.The green credit ratio has a significant positive effect on the optimization of industrial structure.Due to the different demand for green credit between different industries,the development gap of green credit ratio is large,and the optimization rate of industrial structure has a lag effect,which may be due to the poor development of China's green credit industry The gap brought by differences,the level of industrial structure optimization in the first two years will still have an impact on the industrial structure of that year.In the empirical study of the role of green finance in the optimization of industrial structure,using VAR model,through the impulse response function analysis,in the analysis of the response of industrial structure to green credit,it is found that green credit plays a positive role in promoting the upgrading of industrial structure.But in the long run,the power of green credit to support the optimization of industrial structure is insufficient.With the extension of time,the pull-up effect shows a downward trend.At last,the paper makes an empirical study on its internal logic.Based on the theoretical and empirical results,the paper puts forward reasonable suggestions on the impact of Green Finance on the optimization and upgrading of industrial structure.