CAJ | 학술논문

本文从市场投资角度，分析了绿色投入与非绿色投入、社会资产增长与环境治理之间的相互作用机制，并提出了一个较完整的理论框架。该框架分析了与社会资产总量增长率以及环境污染下降率相关的要素，并利用线性规划方法分析了在环境污染速度下降到一定程度的情况下，社会资产总量增长最快速度所取决的相关要素。研究表明，在环境污染下降速度一定的情况下，最快的社会资产增长率取决于投向投资回报率最高的投入与治理环境污染投入的比例，并非完全取决于绿色信贷投入的比例。最后，本文对绿色信贷政策的实施提出了具有针对性和可操作性的建议。
본문종시장투자각도，분석료록색투입여비록색투입、사회자산증장여배경치리지간적상호작용궤제，병제출료일개교완정적이론광가。해광가분석료여사회자산총량증장솔이급배경오염하강솔상관적요소，병이용선성규화방법분석료재배경오염속도하강도일정정도적정황하，사회자산총량증장최쾌속도소취결적상관요소。연구표명，재배경오염하강속도일정적정황하，최쾌적사회자산증장솔취결우투향투자회보솔최고적투입여치리배경오염투입적비례，병비완전취결우록색신대투입적비례。최후，본문대록색신대정책적실시제출료구유침대성화가조작성적건의。
From the perspective of investment, this article developed a theoretical framework to analyze how the green investment and non-green investment affect social assets and environmental protection. This framework showed what determines social assets growth rates and the decreasing rate of environment pollution, and discusses what determines the maximum growth rates of social assets by linear programming when the decreasing rate of environment pollution is controllable. The results showed that the growth rates of social assets depend on the relative proportion between non-green investment with the highest return and the green investment, when the decreasing rate of pollution is fixed. The last part proposed some policy implications on the green credit.