3月23日,由中金公司主辦的“碳中和2060”全球征文活動(dòng)在北京舉辦頒獎儀式。中央財經(jīng)大學(xué)綠色金融國際研究院研究人員與倫敦大學(xué)學(xué)院研究人員潘冬陽(yáng)、陳川祺、Michael Grubb,以及中財大綠金院院長(cháng)王遙教授合著(zhù)的學(xué)術(shù)論文《FinancialPolicy, Green Transition and Recovery after the COVID-19》,獲得“優(yōu)秀論文獎”(Outstanding Paper)。在全球所有投稿論文中,僅三篇論文獲得該獎項。

該篇論文使用宏觀(guān)經(jīng)濟學(xué)中引入“定向技術(shù)進(jìn)步”(DirectedTechnical Change)與金融約束的內生增長(cháng)模型,分析了金融政策在經(jīng)濟綠色低碳轉型、疫情后綠色復蘇過(guò)程中所能夠發(fā)揮的作用。文章特別發(fā)現,在疫情后的經(jīng)濟恢復期,金融政策能夠以更低成本促進(jìn)更快的經(jīng)濟綠色低碳轉型,加速“碳達峰”“碳中和”的過(guò)程;同時(shí),需要大幅加強政策力度,才能夠實(shí)現2030年“碳達峰”的目標。
論文摘要如下:
Public policy that acts on financing activity -- referred tohere as “financial policy” -- can play an important role in supporting thegreen transition and recovery of the economy. This research studies thespecific role of financial policy, the mechanism of support, and how financialpolicy can be coordinated with other public policies that encourage the greentransition, particularly in the recovery period after the COVID-19 pandemic.The method we employ is a macroeconomic growth model with “directed technicalchange”, the natural environment, and financial features. It is found that (1)financial constraints are non-trivial in the economy and could delay the greentransition if no additional policy is introduced. (2) Financial policy directionallysupporting the green economic sector can facilitate the green transition andhelp stop the environmental degradation. (3) A financial policy can bringeffects similar to some other policies in supporting the green transition.Compared with related policies, financial policy has certain advantages anddisadvantages. There is a clear theoretical rationale to combine financialpolicy with other policies to save cost and improve the effect. (4) A greenrecovery after the COVID-19 shock can be realised with an appropriate mix offinancial policy and other related policies. The post-pandemic period offers a window ofopportunity to hasten the green transition. These findings not only justify the desirability of thecurrently popular “green financial policy”, show the way of policy conductionand coordination, but also reveal the special value of such policy after theCOVID-19 if we want to accelerate the “green recovery”.
基于本論文的延伸觀(guān)點(diǎn),請參閱今日觀(guān)點(diǎn)文章《IIGF觀(guān)點(diǎn)|綠色復蘇:金融業(yè)與金融監管機構的角色》以及《中國金融》雜志2021年第4期所刊登的文章《綠色復蘇中的金融角色》。
工作論文下載地址:https://ssrn.com/abstract=3719695。
論文作者誠摯邀請廣大學(xué)者對論文提出寶貴意見(jiàn),共同推進(jìn)碳中和與綠色金融相關(guān)議題的研究。
郵箱:d.pan.17@ucl.ac.uk或chuanqichen@email.cufe.edu.cn。
原創(chuàng )聲明
如需轉載、引用本文觀(guān)點(diǎn),請注明出處為“中央財經(jīng)大學(xué)綠色金融國際研究院”。
新媒體編輯:谷含荑