双碳背景下山东省碳金融对低碳转型的影响效应研究

Research on the Impact of Carbon Finance on Low-Carbon Transition in Shandong Province under Dual-Carbon Background

摘要: 随着气候变化问题的日益突出，碳金融市场作为一种市场机制被引入，旨在为低碳转型提供可行方法。本文剖析了碳金融市场激励企业减排的机制，并且通过深入探究碳金融市场的发展对低碳转型的影响效应，通过熵值法进行低碳转型评价体系的构建以此作为衡量指标，进一步利用2011年~2021年山东省碳排放数据构建计量模型衡量碳金融市场化对低碳转型的影响效应。发现碳金融市场通过进行碳排放权交易，促使企业在一定经济压力下进行低碳技术的创新，推动产业向更加环保的方向发展。进一步，探讨了碳金融市场化程度对低碳转型的具体影响结果，得到以下结论。碳市场的建设有助于形成更健康的市场机制，引导企业和投资者更好地考虑环境成本，促进低碳经济的发展，揭示其对低碳转型的实际意义，为未来政策制定和企业决策提供了更加有益的参考。

Abstract: With climate change becoming more and more serious, carbon finance market was introduced as a market mechanism to provide a feasible method for low-carbon transition. This paper analyzes the mechanism of carbon financial market to encourage enterprises to reduce emissions and explores the impact of the development of carbon financial market on the low-carbon transition. The evaluation system of Low-carbon transition is constructed by means of entropy method, further, using the 2011~2021 carbon emissions data, an econometric model was developed to measure the impact of market-based carbon finance on the low-carbon transition. It is found that carbon finance market promotes enterprises to innovate low-carbon technology under certain economic pressure by trading carbon emission rights, and promotes the development of the industry towards more environmental protection. Furthermore, this paper discusses the concrete impact of the degree of carbon finance marketization on the low-carbon transition, and draws the following conclusions. The construction of the carbon market will help to form a healthier market mechanism, guide enterprises and investors to consider environmental costs better, promote the development of a low-carbon economy, and reveal its practical significance for the low-carbon transition, for the future policy-making and corporate decision-making provides a more useful reference.