GREEN FINANCE, INSTITUTIONAL ENVIRONMENT AND DUAL GREEN INNOVATION
This paper, based on pieces of observed data of China ‘s 30 provinces during 2007 to 2019, applies fixed effect model to study the impacts of green financing on dual green innovation, and applies institutional economics theory to discuss the Moderation of institutional environment. Green financing can largely increase the local tentative green innovation, and also increase the open green innovation level in a less manner. Green financing is impacted by local institutional environment during transforming to dual green innovation, the higher marketing degree, intelligence protection extent and governance extent, the higher transforming. Institutional environment promotes the transforming to tentative green innovation of green financing in a stronger manner than to open green innovation.