Research On The Impact Of Green Finance On The Quality Of My Country's Ecological Environment

Since the reform and opening up,China has mainly promoted economic development by the extensive mode of production with high input and high output.With the continuous growth of economic scale,problems such as resource consumption and ecological environment pollution have become more and more serious.Although China has implemented a series of institutional arrangements and major measures,remarkable achievements have been made in pollution prevention,energy conservation and emission reduction,and global climate change However,with the rapid development of economy and society,the problem of environmental pollution is still prominent,and the contradiction between human and ecological environment still exists.As an innovative financial development mode to resolve the deep-seated contradiction between economic growth and ecological environment pollution,green finance has been developing rapidly under the promotion of green,sustainable and high-quality development concepts.The development of green finance can directly promote the improvement of ecological environment quality from two aspects.First,green finance can provide green capital support for environmental protection enterprises;Second,green finance can restrict the development of high pollution and high energy consumption enterprises through credit constraints and environmental regulations.In addition,the development of green finance also helps to improve the level of green technology innovation: On the one hand,green finance can support environmental protection enterprises to carry out green technology innovation;On the other hand,green finance will "force" high pollution and high energy consumption enterprises to carry out green technology innovation.The continuous improvement of the level of green technology innovation can accelerate the process of improving the quality of ecological environment and improve the efficiency of improving the quality of ecological environment.Therefore,the development of green finance can indirectly promote the improvement of ecological environment quality by improving the level of green technology innovation.In this paper,the intermediary effect model and the panel threshold effect model are used to study the improvement effect of Green Finance on the quality of ecological environment.The results show that:(1)At the national level,the development of green finance has only a direct effect on improving the quality of ecological environment;(2)At the regional level,the development of green finance in the eastern region not only has a direct improvement effect on its ecological environment quality,but also has an intermediary effect of green technology innovation;The development of green finance in the central and western regions has only a direct improvement effect on its ecological environment quality;(3)The development of green finance has the threshold effect of economic development level and green technology innovation level on the improvement of ecological environment quality;(4)The difference between the level of economic development and the level of green technology innovation is the main reason for the regional heterogeneity of the effect of Green Finance on improving the quality of ecological environment.In order to better play the environmental improvement effect of green finance,China should strengthen the support of green finance and improve the innovation level of green finance.