Green credit, carbon emission and high quality development of green economy in China

The high-quality development of green economy is an important way for the future development of China’s economy, but the academic research is relatively few. Based on the panel data of 30 provinces (cities and districts) in China from 2003 to 2019, using Moran index, Spatial Dobbin Model (SDM), intermediary effect and so forth, this paper constructs an evaluation index for the high-quality development of green economy. This paper tries to answer the impact of green credit, carbon emissions and the high-quality development of the green economy and some other important questions. Answering the above questions can effectively help government departments to better formulate policies to achieve long-term development goalsThe results are as follows: the improvement of the level of green credit is conducive to promoting the high-quality development of green economy, and the rise of high-quality development level of green economy in a certain region will obviously drive the high-quality development level of green economy in adjacent regions. Meanwhile, carbon dioxide emission plays an intermediary role between green credit and high-quality development of green economy. The impact of green credit on the high-quality development of green economy is more obvious in areas with high economic development level. Moreover, with the improvement of high-quality development of green economy, the promotion effect of green credit is increasing. This research fills the gap in this field at home and abroad and provides ideas and suggestions for the future development of China’s economy.