摘要：推动能耗双控转向碳排放双控是实现“双碳”目标的关键抓手，绿色金融作为衔接资本与环保的纽带，对实现碳排放双控具有重要意义。基于此，以2010—2020年278个城市为样本，运用交错双重差分模型考察绿色金融改革创新试验区政策对碳排放双控的影响。研究发现：绿色金融改革创新试验区政策显著促进了试点地区碳排放双控目标实现；绿色金融改革创新试验区政策对碳排放双控的影响具有明显的地区异质性，对产业升级类城市和中心城市的影响更大；绿色技术创新在绿色金融改革创新试验区政策促进碳排放双控实现的过程中起到中介作用。本研究为借助绿色金融推进碳排放双控转型以及实现碳达峰碳中和目标提供了经验证据与决策参考。
关键词：绿色金融；碳排放双控；“双碳”目标；绿色技术创新；交错双重差分
Can Green Finance Help Achieve Dual Control of Carbon
Emissions and Carbon Emission Intensity?
Ren Yayun, Hu Yuchen
(School of Economics, Guizhou University of Finance and Economics)
Abstract: The promotion of the shift from dual control of energy consumption and energy intensity to dual control of carbon emissions and carbon emission intensity is essential for achieving the goal of “carbon peaking and carbon neutrality”. Green finance, serving as a bridge between capital and environmental protection, plays a crucial role in realizing the goal of dual control of carbon emissions and carbon emission intensity. Building on this, by utilizing panel data from 278 prefecture-level cities from 2010 to 2020, we applied the staggered difference-in-differences approach to empirically assess the impact of establishing Green Finance Reform and Innovation Pilot Zones (GFRIPZ) on carbon emissions and their intensity. The findings of the study indicate that the GFRIPZ policy has significantly contributed to achieving the dual control of carbon emissions and carbon emission intensity target in the pilot areas. The GFRIPZ policy exhibits distinct regional disparities in its impact on carbon emissions and their intensity, with more pronounced effects in cities undergoing industrial upgrading and in central cities. Green technological innovation serves an intermediary role in the policy of Green Finance Reform and Innovation Pilot Zones, facilitating the achievement of the dual control of carbon emissions and carbon emission intensity. This study offers empirical evidence and decision-making insights for facilitating the transition to dual control of carbon emissions and carbon emission intensity, and achieving the goal of carbon peaking and neutrality with the aid of green finance.
Keywords: Green Finance; Dual Control of Carbon Emissions and Carbon Emission Intensity; “Carbon Peaking and Carbon Neutrality” Goal; Green Technology Innovation; Staggered Difference-in-Differences
