绿色信贷对高能耗、高污染、高排放企业碳减排技术创新的作用——基于碳减排支持工具的演化博弈  

The Role of Green Credit in Promoting Carbon Emission Reduction Technology Innovation for High-Energy-Consumption,High-Pollution,and High-Emission Enterprises:An Evolutionary Game Analysis Based on Carbon Emission Reduction Facility

作　　者：陈庭强[1,2] 陈尚远 徐涛 Chen Tingqiang;Chen Shangyuan;Xu Tao(School of Economics and Management,Nanjing Tech University,Nanjing 211816,China;School of Economics and Management,University of Chinese Academy of Sciences,Beijing 100190,China)

机构地区：[1]南京工业大学经济与管理学院,江苏南京211816 [2]中国科学院大学经济与管理学院,北京100190

出　　处：《科技管理研究》2024年第24期202-212,共11页Science and Technology Management Research

基　　金：国家社会科学基金重大项目“‘双碳’目标下能源稳定与金融安全问题研究”(22&ZD122);江苏省社会科学基金一般项目“江苏能源低碳转型的金融风险传导机制及应对策略研究”(23GLB025)。

摘　　要：在“双碳”目标推动下,绿色信贷对企业碳减排技术创新起着显著作用。为引导金融机构增强对绿色发展的支持,撬动更多资金投向绿色低碳领域,中国人民银行推出了碳减排支持工具。构建一个基于碳减排支持工具的银企绿色信贷博弈演化模型,探讨该工具是否能引导更多资金流向绿色低碳项目,以缓解高能耗、高污染、高排放企业(“三高”企业)绿色低碳创新的融资约束,促进“三高”企业绿色低碳转型。研究结果显示:在降低银行监督成本、增加政府利率补贴的情况下,商业银行发放绿色信贷的积极性提升;“三高”企业技术升级后,收益增加和成本下降,有助于提高“三高”企业进行低碳技术创新的积极性;碳减排支持工具的推出有效鼓励银行与“三高”企业积极参与绿色低碳转型。因此提出应延续并拓展碳减排支持工具的规模和应用范围,旨在激发以商业银行为代表的金融机构为“三高”企业提供更为坚实的转型与发展助力。Driven by carbon peaking and carbon neutrality goals,green credit plays a significant role in technological innovation for carbon emission reduction by enterprises.In order to guide financial institutions to enhance their support for green development,and to leverage more funds into the green and low-carbon areas,the People's Bank of China has created and launched the carbon emission reduction facility.This paper constructs a green credit game evolution model for banks and enterprises based on the carbon emission reduction facility,and explores whether the tool can guide more funds to green and low-carbon projects,so as to alleviate the financing constraints of the highenergy-consumption,high-pollution,and high-emission enterprises(three-high enterprises)in green and lowcarbon innovations,and promote the green and low-carbon transformation of the three-high enterprises.The results of the study show that commercial banks are more active in granting green credits when the cost of bank supervision is reduced and the government interest rate subsidy is increased;the increase in revenues and the decrease in costs of the technological upgrading of the three-high enterprises help to increase the incentives of the three-high enterprises to carry out low-carbon technological innovations;and the three-high enterprises have more incentives to carry out low-carbon technological innovations than other enterprises.The introduction of carbon emission reduction support tools effectively encourages banks and three-high enterprises to actively participate in green and low-carbon transformation.Accordingly,the paper proposes that the scale and application scope of carbon emission reduction support tools should be continued and expanded,with the aim of stimulating financial institutions,represented by commercial banks,to provide more solid assistance for the transformation and development of the three-high enterprises.

关 键 词：绿色信贷 碳减排支持工具 “双碳”目标 演化博弈 

分 类 号：F224.32[经济管理—国民经济] G301[文化科学]