Evaluation and Research on Urban Carbon Peak Development in China from the Perspective of Green Finance

Empirical Study based on Sample Data from Pilot Cities

Abstract

In September 2020, China first proposed carbon peak, and China's green finance development ushered in new development opportunities. Based on the important influence and role of cities in the national carbon emission reduction work, and under the background of green finance, this paper evaluates and studies the carbon peak development of pilot cities of low-carbon economy in China. This paper first takes low carbon pilot cities as samples, incorporates green finance into the influencing factors of carbon peaking, and constructs indicators of urban green finance development degree through entropy method. Secondly, factor analysis is used to summarize the relevant factors that affect the carbon peak development process of pilot cities, and a comprehensive ranking and evaluation of factor scores are given for the selected sample cities. Once again, by using cluster analysis to understand the types, characteristics, and differences of carbon peak trends in sample cities, local governments can design and carry out differentiated carbon peak actions to promote energy conservation and emission reduction in pilot cities. Finally, suggestions and suggestions are proposed to accelerate China's efforts to achieve carbon peak targets.