Research Article
Research on the Upgrading Path of Carbon-intensive Industries Driven by Financial Innovation
@INPROCEEDINGS{10.4108/eai.24-5-2024.2350181, author={Hongjun Xiong and Qianhui Huang}, title={Research on the Upgrading Path of Carbon-intensive Industries Driven by Financial Innovation}, proceedings={Proceedings of the 3rd International Conference on Mathematical Statistics and Economic Analysis, MSEA 2024, May 24--26, 2024, Jinan, China}, publisher={EAI}, proceedings_a={MSEA}, year={2024}, month={10}, keywords={financial innovation carbon-intensive industry industrial upgrading and regulation effect}, doi={10.4108/eai.24-5-2024.2350181} }- Hongjun Xiong
Qianhui Huang
Year: 2024
Research on the Upgrading Path of Carbon-intensive Industries Driven by Financial Innovation
MSEA
EAI
DOI: 10.4108/eai.24-5-2024.2350181
Abstract
This paper systematically analyzes the upgrading and path of carbon-intensive industrial structure by financial innovation. Through the identification of carbon-intensive industries, the panel data of related industries from 2012 to 2021 is constructed and empirical analysis, and the path is studied through the intermediary effect model. The research shows that financial innovation promotes the upgrading of carbon-intensive industrial structure and functions through technological innovation and capital allocation. Therefore, it is necessary to accelerate the process of financial innovation, promote the upgrading of carbon-intensive industries through financial innovation, and reduce carbon dioxide in related industries Emissions.