On the Transmission Mechanism of Carbon Finance Promoting the Green Transformation of Traditional Industries in China

Abstract

This article clarifies the specific impact mechanism of carbon finance on the industrial transformation of Anhui Province in China by studying the changes in carbon emissions and the current status of industrial development in Anhui. Through research and investigation, it has been found that the impact of carbon finance on industrial transformation is mainly reflected in four aspects: (1) Carbon finance enables some enterprises to have more funds to improve production processes and reduce carbon emissions in the production process through carbon emission trading. (2) Carbon finance promotes its transformation by changing the operating mechanism of the market, lowering entry barriers, and allowing more enterprises to enjoy the dividends of carbon finance. (3) Carbon finance uses financial means to eliminate high energy consuming and high emission enterprises and optimize industrial structure. (4) The emergence of carbon finance will encourage the government to increase support for financial related talents, cultivate more talents in carbon finance, change the management mode of enterprises, and enhance their international competitiveness. This article proposes countermeasures and suggestions from the perspective of promoting environmental protection and industrial green transformation and development.