The Influence Analysis Of Financial Institution Credit And FDI To Chinese Carbon Intensity

With the development of industrial civilization,industrial production has caused a lot of energy consumption,and the emission of a large amount of greenhouse gases has caused the greenhouse effect.In the 21 st century,with the intensification of environmental pollution,reducing carbon emissions has become a common proposition for all mankind.At present,in my country,excessive carbon emissions have affected economic development and the environment,so people begin to discuss how to reduce carbon dioxide emissions under the background of realitymy country is still in the primary stage of socialism,and economic development is still the most important goal.Carbon intensity refers to carbon dioxide emissions per unit of GDP.Reducing carbon intensity can take into account both of economic development and environmental protection.On September 22,2020,General Secretary Xi Jinping announced at the general debate of the 75 th United Nations General Assembly that China’s carbon dioxide emissions will peak by 2030,and manage to achieve carbon neutrality by 2060.At the same time,the expansion of financial scale has had a huge impact on my country’s economy and environment.In terms of impact direction,the impact of finance on carbon intensity is a "double-edged sword".With the transformation of economic development,the impact of finance on carbon emissions is also changing dynamically.my country’s financial institutions have a huge credit scale and are also the country that absorbs the most FDI.They are prone to have a huge impact on carbon intensity through changes in investment direction.Therefore,it is necessary to analyze their dynamic impact on carbon intensity,it will be helpful to support low-carbon development and reduce carbon intensity by financial way.The main contents of this paper concluded: In the calculation of carbon intensity,this paper first uses the IPCC inventory method to calculate my country’s annual carbon emissions through fossil energy,and calculates carbon intensity through the ratio of carbon emissions to GDP.This paper studies the financial impact on carbon intensity from the perspectives of financial institution credit and foreign direct investment.This paper analyzes the impact of financial influence on economic development and technological level from a macro perspective.Combined with the background of my country’s economic transformation,the study points out that financial institution credit and foreign direct investment has an impact on carbon intensity through urbanization and opening up.the regression model of the mediation effect further proves the existence of the influence channel.In the analysis of the dynamic impact of financial institution credit and foreign direct investment on carbon intensity,this paper believes that China has been focusing on the transformation of economic development mode in recent years.the impact from financial institution credit and FDI on carbon intensity is experiencing dynamic changes.Then,combined with the background of the current economic development transformation,this paper explores the dynamic changes in the impact of financial institution credit and foreign direct investment on carbon intensity due to the relevant policies in the process of economic development mode transformation.From an empirical point of view,this paper tests that there is a long-term equilibrium relationship between variables,and the TVP-VAR model results show that financial credit and foreign investment have different effects on carbon intensity under different policies,which proves the relationship between carbon intensity and explanatory variables showing obvious time-varying characteristics.Based on the research results,this paper proposes that the scale and direction of financial institutions’ credit and foreign direct investment should be improved and directed.so that the level of science and technology will be improved,and industrial structure upgrading and energy structure adjustment will also be promoted.Finally,the reduction of carbon intensity will be improved.We should actively guide domestic and foreign capital allocation in the field of green credit,and actively play the role of finance in reducing carbon intensity to serve the "dual carbon" goal,eventually we can achieve it.