Has Green Insurance Ensured the Realization of China 's Dual Carbon Goals?

Ke Yan

doi:10.54097/x2kxpe36

Authors

Ke Yan

DOI:

https://doi.org/10.54097/x2kxpe36

Keywords:

Green insurance, Carbon emissions, Spatial spillover effect

Abstract

As an essential risk guarantee and economic compensation mechanism to construct green and low-carbon circular economic development system, the role of green insurance in the field of energy conservation and emission reduction remains a realm yet to be explored substantially. Based on the panel data of 30 provinces in China from 2005 to 2019, the influence and theoretical mechanism of green insurance on carbon emissions were analyzed by the construction of intermediary effect model and moderating effect model. Additionally, the spatial spillover effect was explored by the spatial Durbin model. The results show that: (1) Green insurance has a significant inhibitory effect on carbon emissions, which retains salience across the spectrum of endogenous tests and stability tests. (2) Both the “local effect” and “neighboring effect” of green insurance on carbon emissions are inhibitory, displaying “simultaneous resonance” characteristics based on the spatial perspective. In view of the above conclusions, this thesis provides policy suggestions for promoting the construction of a diversified and collaborative green insurance system and enriching carbon emission reduction paths.

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