Research on the impact of green finance development on carbon emission intensity:Empirical testing based on policies of clean energy demonstration provinces
JIANG Junfeng
CHEN Ziyu
YUAN Pei
Abstract：The policies of green finance and clean energy demonstration provinces are significant measures to promote energy structure adjustment and achieve the"dual carbon"goals.This article analyzes the impact of green finance on carbon emission intensity using provincial panel data from 2005 to 2020;Secondly,the clean energy demonstration provinces of Ningxia,Zhejiang,Sichuan,Gansu,and Qinghai were used as control groups,and combined with propensity matching and double difference models,the impact of clean energy demonstration province policies on the carbon emission intensity of pilot provinces was empirically tested.The results show that:① The policies of clean energy demonstration provinces and the development level of green finance in pilot areas can significantly reduce the carbon emission intensity of each region,with better effects than non pilot areas.② The level of technological innovation has a significant mediating effect on achieving the reduction of carbon emission intensity.③ There are significant differences in the marketization level and regional policies of clean energy demonstration provinces.The vigorous development of green finance can promote the substitution of renewable energy to improve carbon emission efficiency,and green finance has become an effective driving force for promoting energy structure adjustment in various regions.
Keywords：carbon emission intensitygreen financepolicies for demonstration provinces of clean energyPSM-DIDemission intensity
Publication Date：2024-07-20
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：9( 116-124 )