金融资源绿色化配置的碳减排效应研究.pdfVIP

金融资源绿色化配置的碳减排效应研究 金融资源绿色化配置的碳减排效应研究 苏跃辉 (河北金融学院金融创新与风险管理研究中心，河北保定071051) 摘 要：文章选取中国30个省份2012—2020年面板数据，实证分析绿色信贷和绿色证券两种金融资源绿色化配置方式对 碳减排的影响效应，得出如下结论：第一，金融资源绿色化配置对碳排放具有显著的抑制作用，且边际碳减排效应呈增强态势。 第二，异质性分析表明，金融资源绿色化配置特别是绿色信贷的碳减排效应存在显著空间异质性。第三，将空间溢出效应纳入 考量后，金融资源绿色化配置的碳减排效应得到强化，绿色信贷和绿色证券两种金融资源绿色化配置方式的减排效应拐点均出 现提前。据此，提出增加金融资源绿色化配置投入，强化金融减排基础；推进绿色金融区域协同合作，优化金融减排环境；实 施差异化资源配置策略，释放金融减排潜能的建议以期为充分发挥金融绿色减排效应提供一定理论指导。 关键词：金融资源配置；绿色金融；碳减排；空间溢出效应 中图分类号：F823.7 文献标识码：A 文章编号：1004-292X(2023)02-0079-07 Research on Carbon Emission Reduction Effect of Green Allocation of Financial Resources SU Yue-hui (Financial Innovation and Risk Management Research Center, Hebei Finance University, Baoding Hebei 071051, China) Abstract: Based on the panel data of 30 provinces in China from 2012 to 2020, this paper empirically analyzes the impact of green credit and green securities on carbon emission reduction, and draws the following conclusions: First, the green allocation of financial res­ ources has a significant inhibitory effect on carbon emissions, and the marginal carbon emission reduction effect is increasing. Second, heterogeneity analysis shows that there is significant spatial heterogeneity in the carbon emission reduction efiiect of green allocation of financial resources, especially green credit. Third, after the spatial spillover effect is taken into account, the carbon emission reduction effect of the green allocation of financial resources is further enhanced, and the inflection point of the emission reduction effect of the green allocation of financial resources, green credit and green securities, is advanced. Accordingly, it is proposed to increase the in