绿色金融发展与碳排放动态关系的实证研究——基于VAR模型的检验

An Empirical Study on the Dynamic Relationship between Green Financial Development and Carbon Emissions——Testing based on VAR model

通过整理2002-2016年绿色信贷、绿色证券、绿色保险、绿色投资相关数据,从四个维度衡量我国15年来绿色金融发展水平。再利用VAR模型,讨论绿色金融发展水平、可再生能源、单位GDP二氧化碳排放量三者之间的关系。研究发现我国绿色金融发展水平有明显提升,发展绿色金融、利用可再生能源都能有效地抑制单位GDP二氧化碳的排放,且这种抑制作用逐渐增强,在滞后2-3期达到最优效果。因此,加快绿色金融体系建设,全面开展绿色金融业务,有利于我国早日实现可持续发展的目标。

Based on the green credit,green securities,green insurance and green investment data from 2002 to 2016,this paper examines the development level of green finance in China in the past 15 years from four dimensions,and then examines its impact on carbon dioxide emissions per unit GDP from the perspective of green financial development level and the proportion of renewable energy.It is found that the level of green finance development in China has been significantly improved.Both green finance development and renewable energy can effectively inhibit the emission of carbon dioxide per unit,and this inhibition gradually strengthens,reaching the optimal effect in the lag period of 2-3.Therefore,speeding up the construction of green financial system and carrying out green financial business in an all-round way are conducive to the realization of the goal of sustainable development in China.