An empirical study on spatial spillover of carbon emissions and financial development based on provinces data and spatial panel econometrics model

Abstract

The paper explores the spatial spillover of carbon emissions and financial development based on spatial econometric model using panel series data in China. The results show that carbon emissions have spatial dependence, spatial spillover effects of provincial carbon emissions and financial development are obvious; local correlation exhibits the characteristics of spatial agglomeration, spatial spillover effect is significant; the elasticity modulus of financial development on carbon emissions is significantly positive; Chinese government promotes the development of low-carbon finance, carbon finance role in the development of monetary policy taking into account the mechanism of action space on carbon emissions, the paper opens up new insights for China decrease China's carbon emissions from financial development visual threshold.