Study on the Green Credit’s Impact on Environmental Pollution Control under the Double Carbon Target

Abstract

Since the Chinese government announced the "double carbon" goal in 2020, carbon pollution has become the most concerned topic of the people and the government. In terms of economy, China has continuously introduced economic policies to achieve carbon reduction targets, among which green credit is one of the most important tools for energy conservation and emission reduction. This paper analyzes carbon emissions of each province after “opinions from Chinese government on Green Credit” in 2007. It finds that carbon emissions of all provinces in China have increased year by year in the past ten years, but the growth rate has decreased year by year. Moreover, this paper develops statistical analysis by Excel, using the green credit level and carbon emissions of each province in 2017. The result shows that the green credit have different impacts in reducing carbon emissions in different province: green credit plays a positive role in reducing emissions in Guangxi, Hainan and some other provinces. However, for Shandong, Jiangsu and some other provinces, green credit is not the only regulatory factor in these regions, regional geographical environment, per capita GDP, industrial reform and other factors may affect the degree of environmental pollution. As a result, this paper also provides suggestions for further promoting green credit’s development.