Tian Ning1, Jiaqi Deng1, Rongjie Lin2, Yuhang Wang3, Mingwei Li1
1School of Economics and Management, Northeast Agricultural University, Harbin, Heilongjiang, 150000, China
2College of Arts and Science, Northeast Agricultural University, Harbin, Heilongjiang, 150000, China
3College of Engineering, Northeast Agricultural University, Harbin, Heilongjiang, 150000, China
Under the background of carbon peak and carbon neutralization, combined with global research results and regional characteristic advantages, we give play to the role of carbon finance to explore the characteristic road of industrial structure upgrading in Northeast China under the "double carbon" mechanism. Taking the northeast region as an example, this paper selects the data from 2009 to 2019 and uses the factor analysis method to calculate the development level of carbon finance in the northeast region. Through the analysis of panel data model, this paper studies the empirical effect between the development of carbon finance and the upgrading of industrial structure in the northeast region. The results show that the development of carbon finance can promote the upgrading of industrial structure and optimize the carbon emission in the whole life cycle of industry in the northeast region. It plays a positive role in helping the regional economy achieve sustainable growth. Although the economy of Northeast China lags behind other parts of the country, the development of carbon finance in Liaoning Province is relatively the best. The differences among the three northeast provinces are mostly attributed to economic level, policy factors and so on. Finally, four policy suggestions are put forward, which can provide reference for other regions to use carbon finance to promote the upgrading of industrial structure. We will increase incentives for the development of carbon finance, strengthen the training of financial talents, accelerate the research and innovation of products related to carbon finance, and strengthen the use of clean energy.
Northeast region, Carbon finance, Analysis of panel data model, Upgrading of industrial structure
Tian Ning, Jiaqi Deng, Rongjie Lin, Yuhang Wang, Mingwei Li. Research on the Effect of Carbon Finance Development on Industrial Structure Upgrading in Northeast China. Academic Journal of Environment & Earth Science (2022) Vol. 4 Issue 5: 35-41. https://doi.org/10.25236/AJEE.2022.040507.
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