标题： 碳金融水平的测量及其影响因素的探讨 显示英文标题

标题： Measurement of carbon finance level and exploration of its influencing factors

摘要： 面对日益严峻的环境问题，旨在限制二氧化碳排放的碳交易市场及相关金融活动正在蓬勃发展。 考虑到碳市场的复杂性和紧迫性，有必要构建一个有效的评估指标体系。 本文选择了碳金融指数作为综合指标。 以北京、上海和广东为例，我们采用了多准则决策分析（MCDA）的经典方法来分析该综合指标。 通过广泛筛选潜在影响因素，并通过归一化、变异系数加权以及不同的聚合方法进行计算。 在香农-斯皮尔曼测度的衡量下，使用信息损失最小的方法获得了试点地区的碳金融指数（CFI）。 通过面板模型分析，我们发现公司规模、每万人专利数以及新能源发电占比是具有显著影响的因素。 基于研究结果，针对不同的市场参与主体提出了相应的建议。 希望本研究能为全国碳市场的稳定发展做出贡献。 显示英文摘要

摘要： Faced with increasingly severe environmental problems, carbon trading markets and related financial activities aiming at limiting carbon dioxide emissions are booming. Considering the complexity and urgency of carbon market, it is necessary to construct an effective evaluation index system. This paper selected carbon finance index as a composite indicator. Taking Beijing, Shanghai, and Guangdong as examples, we adopted the classic method of multiple criteria decision analysis (MCDA) to analyze the composite indicator. Potential impact factors were screened extensively and calculated through normalization, weighting by coefficient of variation and different aggregation methods. Under the measurement of Shannon-Spearman Measure, the method with the least loss of information was used to obtain the carbon finance index (CFI) of the pilot areas. Through panel model analysis, we found that company size, the number of patents per 10,000 people and the proportion of new energy generation were the factors with significant influence. Based on the research, corresponding suggestions were put forward for different market entities. Hopefully, this research will contribute to the steady development of the national carbon market.