摘要
改革开放以来，我国经济社会快速增长的同时对资源和环境的承载力带来了
巨大的压力。经济新常态下，我国坚持走绿色可持续发展道路，加快向低碳发展
方式转变的步伐，积极主动应对全球气候问题。“碳中和，碳达峰”目标对我国
碳减排工作提出了更高的要求。碳减排需要政策、资金以及技术等多方面的支持。
绿色金融作为一种重要的政策工具对提高碳减排效率具有重要作用。在我国多项
工作会议和政策文件中都明确强调要大力发展绿色金融，引导绿色技术创新，提
高绿色金融对低碳高质量发展的支持力度。绿色金融和技术进步是低碳经济发展
提供了重要资金和技术支持，是提高碳减排效率的关键。
基于此，首先对绿色金融、技术进步及碳排放的相关理论和研究文献进行梳
理，通过已有文献对三者相互关系的研究不足，本文将技术进步作为中介变量考
虑进绿色金融对碳排放的影响研究中。其次，对我国整体和区域绿色金融、技术
进步和碳排放现状进行分析。其中，由于数据可获取性，本文选取 2010-2019年
我国 30个省（市、自治区）的数据，对其绿色金融发展水平和碳排放强度进行
测算。之后，通过对影响机理进行推理提出研究假设，构建中介效应模型，实证
研究我国整体和区域绿色金融发展对碳排放的直接影响以及通过技术进步的间
接影响。研究结果表明，我国整体的绿色金融发展会抑制碳排放强度的上升，同
时存在 27.71%的技术进步中介效应。东部和中部地区，绿色金融发展对碳排放
强度均存在显著的直接负向影响，且存在技术进步的中介效应，分别为 22.69%
和 7.4%，西部地区的直接和中介效应均不显著。最后，根据研究结论，提出推
动绿色金融实现突破创新发展、技术进步引领低碳经济发展、加大绿色金融对技
术进步的支持力度、结合区域特点实现高效率发展等对策建议，旨在提高碳减排
效率，推动绿色金融、低碳经济以及区域协调发展。
关键词：绿色金融,碳排放,技术进步,中介效应,区域差异性

Abstract
Since the reform and opening up, China's rapid economic and social
development has brought great pressure on the carrying capacity of resources and
environment. Under the new economic normal, China adheres to the path of green and
sustainable development, speeds up the transformation to a low-carbon economy, and
actively responds to global climate issues. The goal of "carbon neutralization and
carbon peak" puts forward higher requirements for China's carbon emission reduction.
Carbon emission reduction needs policy, capital and technology support. As an
important policy tool, green finance plays an important role in improving the
efficiency of emission reduction. In many work conferences and policy documents in
China, it is clearly emphasized to vigorously develop green finance, guide green
technology innovation, and improve the support of green finance for low-carbon and
high-quality development. Green finance and technological progress provide
important financial and technical support for the development of low-carbon economy,
and are the key to improving the efficiency of carbon emission reduction.
Based on this, firstly, this paper combs the relevant theories and research
literature of green finance, technological progress and carbon emission. Through the
lack of research on the relationship between the three in the existing literature, this
paper takes technological progress as an intermediary variable into the study of the
impact of green finance on carbon emission. Secondly, it analyzes the current
situation of China's overall and regional green finance, technological progress and
carbon emission. Among them, due to the availability of data, this paper calculates
green finance development level and carbon emission intensity in 30 provinces from
2010 to 2019. Then, through the reasoning of the impact mechanism, this paper puts
forward research hypotheses, constructs an intermediary effect model, and empirically
studies the direct impact of China's overall and regional green financial development
on carbon emissions and the indirect impact through technological progress. The
results show that the overall development of green finance in China will inhibit the
rise of carbon emission intensity, and there is an intermediary effect of technological
progress of 27.71%. In the eastern and central regions, there is a direct negative
impact of green finance on carbon emission intensity, and there are intermediary
effects of technological progress, which are 22.69% and 7.4% respectively. The direct
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