Research On Green Financial Support For Improving Environmental Quality In The Yangtze River Economic Bel

The Yangtze River Economic Belt is an important demonstration belt for ecological civilization construction in China,and plays an important strategic supporting role in China’s ecological and environmental security.In recent years,with the implementation of the concept of ecological priority and green development at the national and local levels,the environmental quality of the Yangtze River Economic Belt has improved significantly.However,due to the large inertia of industrial development in the Yangtze River Economic Belt and the serious problem of pollution discharge,it is urgent to solve the environmental pollution problem of the Yangtze River Economic Belt from the source of pollution.As a market-oriented financial service policy,green finance plays an important role in promoting the upgrading of the industrial structure of the Yangtze River Economic Belt and the green,low-carbon and high-quality development through the role of capital financing in the financial market,and brings new opportunities for fundamentally solving the environmental quality problems of the Yangtze River Economic Belt.This paper takes 11 provinces and cities along the Yangtze River Economic Belt as the research object,and selects the panel data from 2010 to 2020 11 years as the research basis.Firstly,the mechanism of green finance in supporting the improvement of environmental quality in the Yangtze River Economic Belt is analyzed in depth from a theoretical perspective,and the current situation of green finance development and environmental quality in the Yangtze River Economic Belt is quantitatively analyzed by combining charts.On this basis,the green finance development index and the environmental quality index are constructed respectively.Secondly,the fixed-effect model and the intermediary effect model empirically tested the direct and intermediary mechanisms of green finance to support environmental quality improvement in the Yangtze River Economic Belt.Finally,the heterogeneity of green finance in supporting environmental quality improvement in the Yangtze River Economic Belt is analyzed from the perspectives of economic development level and financial market development level.The results show that: first,green finance has a significant direct supporting effect on the improvement of environmental quality in the Yangtze River Economic Belt.Second,green finance supports the improvement of environmental quality in the Yangtze River Economic Belt through the intermediary mechanism of green technology innovation and green industrial structure.Third,through heterogeneity analysis,it is concluded that green finance has a more obvious effect on the improvement of environmental quality in regions with developed economies and high levels of financial marketization in the Yangtze River Economic Belt.Finally,according to the research results,we will adhere to the innovation of financial products and improve the green financial system;Build a support service system to promote green technology innovation;Guide the green allocation of resources and promote the green upgrading of industries;and put forward policy suggestions on precise policies according to local conditions and strengthening regional coordination and cooperation.