TITLE:
Research on Quantitative Relationships between Green Finance and the Low-Carbon Economy of China
AUTHORS:
Liang-Xin Li
KEYWORDS:
Green Finance, Comprehensive Scoring System, Carbon Transportation, Coordinated Development
JOURNAL NAME:
Journal of Mathematical Finance,
Vol.14 No.3,
June
20,
2024
ABSTRACT: Green Finance mainly promotes the development of the low-carbon economy through three paths of policy, targeted financing, and technological innovation in China. The low-carbon economy is to nurture the development of green finance by stimulating financial needs. Based on the relevant data from 2000-2022 of China, this article has established an index system for green finance and low-carbon economy. It uses a comprehensive evaluation model to define the development level of green finance and low-carbon economy. Economic evaluation dimensions have explored the coupling coordination relationship between the two systems. The results show that the rapid growth of the development of green finance and the low-carbon economy in China is currently presenting a state of high coupling and highly coordinated development, which shows that green finance has a significant targeted role in the low-carbon economy which proves the model’s effectiveness in this paper.