Frontiers in Environmental Science, Journal Year: 2024, Volume and Issue: 12

Published: Feb. 7, 2024

Introduction: Achieving peak carbon dioxide emissions and neutrality is an extensive profound systematic economic social change. Through market-oriented financial means, green finance has moved forward the effective governance port, curbed polluting investment promoted technological progress such as low-carbon, energy conservation environmental protection, which become a powerful starting point to support practice of low-carbon development. Methods: Based on panel data 30 provinces in China (except Tibet, Hongkong, Macau Taiwan Province) from 2004 2021, this paper calculates development level by using entropy weight method, basis, uses mathematical statistical model verify impact its sub-dimensions regulatory effect heterogeneous regulation tools. Results: The results show that significant inhibitory during investigation period, there time lag effect. After series robustness tests considering endogenous problems, conclusion still holds. From heterogeneity analysis, emission reduction credit most obvious, slightly different regions. Besides, Command-controlled tools public participation play positive role transmission path finance’s emissions, but market-driven cannot effectively enhance Discussion: research provide basis for government formulate flexible, accurate, reasonable appropriate policies, help strengthen exchange cooperation between regions reducing fixing carbon, actively steadily promote China’s goal “peak neutrality”.

Language: Английский