Research on the Impact Mechanism of Fiscal and Tax Policies on Carbon Emissions under the Dual Carbon Goals

Abstract

It is of great significance to study the impact mechanism of fiscal and tax policies on China's carbon emissions under the double-carbon target to promote China's green development. Based on the carbon emission panel data of 30 provinces in China except Tibet, Hong Kong, Macao and Taiwan from 2010 to 2019, and based on the system GMM model, this paper analyzes the impact mechanism of fiscal and tax policies on China's carbon emissions. The research shows that there is an inverted U-shaped relationship between financial expenditure and carbon emissions, that is, with the increase of financial expenditure, carbon emissions show a trend of first rising and then declining. Tax revenue has the effect of restraining carbon emissions, but the effect is limited. Based on this, this paper puts forward suggestions on the improvement of fiscal and tax policies and the expansion of the implementation path from the perspective of "dual carbon".