The impact of financial development on carbon emissions: An empirical analysis in China

This paper explores the influence of financial development on carbon emissions. China's financial development appears to be an important driver for carbon emissions increase. The influence of financial intermediation scale on carbon emissions outweighs that of other indicators. China's stock market scale has relatively larger influence on carbon emissions but the influence of its efficiency is very limited. China's FDI exerts the least influence on carbon emissions change, due to its relatively smaller volume compared with China's GDP.