Abstract
With Chinas fast economic and urban development, the problem of PM 2.5 has become increasingly apparent. Although China has announced the Green Credit Policy that aims to mitigate the air pollution problems, the effect of this policy is controversial. The data used in this paper contain measurements of PM 2.5 Level and other factors that can affect the PM 2.5 concentration in different areas of China from 2008 to 2018. By analyzing the data using Panel Regression Model, this paper will show the effect of Green Credit Policy on PM 2.5 and the differ-ences between its effects on the whole region, eastern, central and western region. It will also demonstrate how does green credit policy affect PM 2.5. The results illustrate that even though Green Credit Policy can reduce the concentration of PM 2.5 in general, the mitigation effect is not significant in eastern and central ar-eas. It also shows that the policy lowers PM 2.5 concentration by promoting technological progress and improving production efficiency. Moreover, urbaniza-tion and economic development play an important role in reducing the PM 2.5 level in all regions. High openness only affects PM 2.5 level in the western re-gions.
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