Research On The Impact Of Green Finance On Environmental Pollution In China

Since the reform and opening up,my country’s economic development has been mainly driven by extensive production methods with high input and high output.While the economic scale has continued to grow,the accompanying environmental problems have become increasingly serious,such as resource depletion and environmental deterioration.The living space has been affected not to be ignored.Therefore,changing the mode of economic development,improving the ecological environment,and achieving sustainable economic development have become an inevitable choice to meet the needs of social development and promote high-quality economic development.As an innovative financial development model that resolves the deep-seated contradiction between economic growth and environmental pollution,green finance has developed rapidly under the impetus of green,sustainable,and high-quality development concepts.Does the development of green finance in my country have a positive impact on environmental pollution? Through what channels does green finance act on environmental pollution? The research on the above issues has become the key to promoting the development of green finance and better exerting the environmental effect of green finance.The thesis firstly sorts out the current domestic and foreign research literature on green finance and the impact of green finance on environmental pollution.corresponding research hypotheses.Secondly,it analyzes the current situation of green finance development and environmental pollution in my country in turn,constructs an index evaluation system for green finance and environmental pollution,and uses the entropy method to measure the green finance index and the comprehensive index of environmental pollution.Then,the thesis selects the panel data of 30 provinces(cities)across the country from 2007 to 2019,constructs a regression model for empirical analysis,examines the impact of green finance on environmental pollution from the national and regional levels,and further introduces an intermediary effect model to study The mechanism of green finance’s impact on environmental pollution.Finally,based on theoretical analysis and empirical research results,relevant policy recommendations are put forward.The main conclusions of this thesis are as follows:(1)The green finance development index and environmental pollution comprehensive index of 30 provinces(cities)in my country are calculated by the entropy method.my country’s environmental pollution is the most serious in the central region,followed by the eastern region,and the western region is the least polluted.(2)The development of green finance in my country has a significant impact on environmental pollution.Similar to the development of green finance in my country,there are also regional characteristics.The development of green finance in the eastern region can significantly improve the environmental pollution problem,while the impact in the central and western regions is not significant.(3)The test of the intermediary effect model proves that the development of green finance improves environmental pollution through the green technology innovation mechanism,the industrial structure optimization mechanism and the energy structure adjustment mechanism,and the three action paths are all partial intermediary effects,among which the intermediary of green technology innovation.The effect is the strongest,the energy structure adjustment mechanism is second,and the industrial structure optimization mechanism is the weakest.Based on the above research conclusions,the policy recommendations put forward in this thesis mainly include: Improve the construction of the standard system and comprehensively improve the development level of green finance;Promote green finance according to local conditions and strengthen regional cooperation and exchanges;Implementing the concept of green development and supporting enterprise green technology innovation;Continue to optimize the industrial and energy structure and realize the two-wheel drive of environmental improvement.