Evaluation of the Effect of Green Finance on Low-carbon Development in the Context of "Dual Carbon"

Abstract

 The "dual carbon" goal is a major strategic decision based on the responsibility of building a community with a shared future for mankind and the inherent requirements of achieving sustainable development. In the process of achieving the goals of "carbon peaking" and "carbon neutrality", "green finance" and "low-carbon economy" are important means and ways of integrating two sides. On the one hand, green finance and low carbon economy have a good driving effect on economic growth, environmental protection, etc. On the other hand, low carbon economy will promote the development and improvement of green finance mechanism, and the development of green finance will promote the transformation of low carbon economy. Therefore, it is more necessary to study the internal relationship between the two and put forward new development requirements. Based on the analysis of the impact mechanism of green finance on low-carbon development, this paper measures the development level of low-carbon economy and green financial development system based on the entropy TOPSIS method using the carbon emission data of various provinces in China from 2017 to 2020.