中文摘要：

基于2000～2014年中国省际面板数据，利用面板平滑转换模型实证检验金融发展与碳排放之间关系。研究发现，金融发展总体上有利于降低碳排放，但这种金融减排效应会随着经济发展水平、经济结构、能源结构和贸易开放等转换变量，在高、低区制之间进行平滑转换，呈现出复杂的异质性特征。因此，应该加强金融政策和结构性改革政策协调配合，更好地发挥金融发展对减少碳排放的正向激励作用，促进区域绿色金融发展。

英文摘要：

Based on the panel data of 30 provinces from 2000 to 2014 in China, this paper uses the panel smooth transitionregression model to investigate the nonlinear relationship between financial development and carbon emission. The resultsshow that financial development generally is conducive to reducing carbon emission, however, the reduction effect of finan-cial development on carbon emission transitions smoothly between high and low regimes with the changes of the transitionvariables, such as economic development, industrial structure, energy structure and international trade. Therefore, the re-suits underscore the need of enhancing the coordination between green finance and structural reforms to play the leading roleof financial development in reducing carbon emission and promote regional development of green finance.