Research On The Impact Mechanism Of Green Finance On The Development Of Regional Low-carbon Economy

Global warming,as an important issue closely related to the fate of mankind,is forcing more and more countries to change their production and life style and develop a low-carbon economy on the agenda.Low-carbon economy is an economic model that achieves low emission,low pollution and high energy efficiency without giving up the economic goals.Low-carbon economy will help mankind change its destiny,change the current industrial economic civilization based on traditional fossil energy,establish a new production structure,lifestyle and energy consumption mode,and alleviate the crisis brought by greenhouse gases.Xiong Xueping was the first to introduce the concept of green finance into China,and proposed to promote the low-carbon economic transformation with green finance.So whether green finance can really affect the low carbon economy,and through what mechanism to affect the low carbon economy is our most important concern now.Based on this,this paper constructs the green finance index and low carbon economy index,and explores the action path of them.This paper first analyzes the theoretical effect of green finance on low-carbon economy,and then uses the measurement model to verify the aforementioned theories and assumptions.This paper adopts the panel data of30 provinces and cities from 2010-2016 to build the green finance development index and low-carbon economic development index.Then choose low carbon technology as the intermediary variable,through the intermediary effect test model to explore the effect of green finance affect low carbon economy path,and then select low carbon technology as the threshold variable,study different levels of low carbon technology will affect green finance affect low carbon economy effect,further explore the green financial affect low carbon economy mechanism,finally by replacement explained variable,replacement model,sample regression for the robustness of the measurement process.It is concluded that the development level of green finance will have a positive impact on the development level of low carbon economy,and green finance can promote the development of low carbon economy by improving low carbon technology.When low carbon technology is in different stages,the effect of green finance on low carbon economy is also different.Finally,the policy suggestions are obtained: introduce the laws and regulations related to green finance and update the development situation,establish a green finance development model with preferential encouragement and strict supervision,enrich the types of green finance product types,establish an efficient and dynamic green finance market;enhance the green awareness,and create a green society with conscious low carbon production and low carbon life.