HOW DOES GREEN FINANCE DRIVE THE ENHANCEMENT OF ECOLOGICAL RESILIENCE? — MECHANISMS, EXPLORATION AND EFFECT VERIFICATION FROM CHINA

In the context of escalating global climate change and environmental pollution, enhancing ecological resilience has become a critical task for achieving sustainable development. Although green finance, as a key instrument for promoting environmental protection and economic transformation, has garnered widespread attention, existing research rarely delves into the specific mechanisms through which green finance affects ecological resilience and its spatial spillover effects. Using panel data from 30 provinces in China from 2013 to 2023, this study constructs a panel regression model, a threshold effect model, a mediation effect model, and the Spatial Durbin Model (SDM) to systematically analyze how green finance enhances ecological resilience through pathways such as technological innovation and economic restructuring. The findings reveal that the development of green finance significantly improves ecological resilience, with notable heterogeneity based on geographical location and resource endowments. Moreover, the impact of green finance exhibits a threshold effect and significant spatial spillover effects. These conclusions provide key insights for policymakers, suggesting that strengthening policy guidance, optimizing resource allocation, and enhancing regional cooperation can further harness the positive role of green finance in promoting ecological resilience.