Study on Economic Strategy of Green Finance Promoting the Development of New Energy Industry in Shandong Province

Abstract

With global climate change and energy security issues becoming increasingly prominent, new energy industry(NEI) has become an important field to promote sustainable development. The purpose of this study is to explore the economic strategy of green finance(GF) in promoting the development of NEI in Shandong Province. Through in-depth research on the policy framework and practical operation of GF, we find that Shandong Province has made remarkable achievements in this field. Green financial policy covers many aspects, such as financial incentives, financial product innovation and policy guidance, which provides strong support for the NEI. On the practical level, the Shandong provincial government has established a close cooperative relationship with financial institutions, and strengthened financial institutions' support for new energy projects through joint loans and risk sharing. Shandong province has made a series of remarkable achievements in the economic strategy of GF promoting the development of NEI, which has laid a solid foundation for future sustainable development. However, it is still necessary to further strengthen supervision and innovate financial products in order to better lead the NEI to the road of high-quality development.