Exploring the sustainable development path of green financial system in the context of carbon neutrality and carbon peaking based on quality function deployment and G1-entropy methods: Evidence from China

Abstract

In the 75th session of the United Nations General Assembly, the Chinese government first proposed the goal of carbon neutrality and carbon peaking. Since then, China’s economy and society have undergone a comprehensive green and sustainable development upgrade and transformation. The development of green finance can provide financial support for achieving dual carbon goals and mitigate the impact of climate change. More importantly, it can contribute to the national economy’s and society’s sustainable development. We innovatively draw on the quality function deployment theory in marketing to logically formulate the research idea of this paper. On this basis, we also apply the G1-entropy method from fuzzy mathematical theory for quantitative research. We innovatively address the actual national conditions in China and fully integrate green elements in constructing the index system from green finance and sustainability perspectives. Finally, we calculate index weights through G1-entropy quantification to assess the development quality of China’s green financial system and qualitatively propose countermeasures for the quality of China’s green financial development with respect to key index factors. Specifically, we sort out this paper in the following three aspects: (1) we innovatively combined the quality function deployment theory and built the quantitative analysis process architecture in this paper, which enhanced the readability of this paper (2) we realized the use of quantitative research for qualitative analysis and proposed the G1-entropy value method, which made up for the defects of the subjective and objective methods in the traditional assessment methods (3) we realized the organic combination of quantitative and qualitative analysis and proposed relevant countermeasure suggestions based on the quantitative index calculation results, which provided relevant countermeasure suggestions for promoting the sustainable and high-quality development of green finance in China. Our study will provide a set of perfect assessment methods for the quality improvement path and sustainable development strategy formulation after the construction of China’s future green financial system. It can also provide a reference assessment idea for the high-quality and sustainable development of China’s green finance, which will further help China’s economic transition to green and low-carbon and the achievement of the double carbon goal.