Impact of Green Finance Development on Chinas Carbon emissions
Author:Pengcheng Luo Author Unit:
Abstract：As the world’s second largest economy, in recent years, against the backdrop of rapid economic development and a large population, the pressure of Chinas carbon emissions has been continuously increasing, gradually attracting the attention of government departments and economic entities, especially the financial sectors. In recent years, China has vigorously developed green finance to encourage social and economic activity entities to reduce carbon emissions. This paper selects panel data from 31 provinces in China from 2003 to 2019 and uses a fixed effects model to test the impact of green finance development on carbon emissions in China. The results shows that the development of green finance in China has a significant negative impact on carbon emissions, indicating that the development of green finance has a suppressive effect on carbon emissions, thereby promoting carbon emissions reduction. The research results of this paper can provide decision-making references for the government in promoting carbon emissions reduction through green finance.
Keywords：Carbon emissions; Green finance index; Fixed effects model
1. School of Big Data Applications and Economics, Guizhou University of Finance and Economics, Guiyang 500025, Guizhou, Peoples’ Republic of China
2. Qingdao City University, Qingdao 266106, Shandong, Peoples’ Republic of China PDF
