The Low-carbon Transformation of the Manufacturing Industry Under The Dual Carbon Context

Abstract

This study explores how the development of green finance affects the low-carbon transformation of manufacturing industries under the double carbon goals by reviewing literature, conducting empirical testing, and applying cases to see the driving mechanism behind this process, and what impacts green finance has on the low-carbon transformation of manufacturing enterprises. It concludes that. The main influences on this sector include: The first aspect is green finance providing financial support for the low carbon transformation of the manufacturing industry through using green credit and green bonds, helping the enterprises to carry out emission reduction related actions including energy saving technological transformation and equipment renewal. Secondly, green finance promotes the use of more green finance products and services. under the impetus of e, empowered enterprise-land capable of developing low-power chips and high-energy-density batteries to improve energy utilization efficiency and reduce carbon emissions; utilizing e in green finance forced power-consuming manufacturing enterprises to undergo green transformations through a cost shift, endowing them with a comparative advantage as they accommodated green trade trends internationally, ensuring safety from carbon tariffs, yet concurrently certain problems such as regional imbalances in development of green finance where the eastern region’s level of green credit accounts for more than 65%, the central and western regions are no higher than 40% was identified.