Tingqiang Chen

1. Introduction In recent years, China’s carbon emission structure has been in urgent need of change due to the dual impacts of economic downward pressure and low-carbon transition goals [1]. In order to reach its low-carbon emission reduction targets as soon as possible, China has promoted a series of ongoing policies to provide financial support to green and innovative enterprises.

1. Introduction China proposed a two-stage carbon reduction goal of “carbon peaking” by 2030 and “carbon neutrality” by 2060 (referred to as a “dual carbon” goal), which is China’s strategy to respond to global climate change and realize sustainable development. To achieve the goal of sustainable development, China promotes industrial upgrading and the optimization of energy structure with green finance. Green finance promotes industrial upgrading through a variety of factors.