Development Research Center of Shandong Provincial People's Government, Jinan, 250011, Shandong, China.
Peking University, Beijing, 100871, China.
Environ Sci Pollut Res Int. 2023 Apr;30(16):46632-46646. doi: 10.1007/s11356-022-24750-7. Epub 2023 Jan 31.
This article examines the innovation in the green sector frequently facing a financial conundrum. Production of renewable energy is the eighth sustainable development, based on the data from the 30 Chinese provinces (2000-2017). This study presents an analysis of the effects of green digital finance on green innovation on protection of environment using influence mechanism analysis. Digital finance, which has become a major driver of green innovations in China, may first increase the number and quality of green technical innovation. The results show that the promotion effect of digital finance on the efficiency of renewable energy markets is greater than the inhibitory effect, making the total effect less obviously favorable. In other results, the elasticity of lnGFDI is significant at the 5% level and is 0.1545% and 0.1880% in the present and 1-year delayed periods, respectively. Further, the average total effect of FDI on the effectiveness of green innovation is 0.008, with an average encouraging effect of 0.0051 and an average inhibiting effect of 0.0039. We conclude that diverse behavior for that policy support increases the impact of green digital finance, promote green innovation, and generate emission free environment for sustainable energy markets.
本文考察了绿色领域创新经常面临的财务困境。可再生能源的生产是第八个可持续发展，基于中国 30 个省份的数据（2000-2017 年）。本研究通过影响机制分析，分析了绿色数字金融对绿色创新保护环境的影响。数字金融已成为中国绿色创新的主要驱动力，它可能首先增加绿色技术创新的数量和质量。结果表明，数字金融对可再生能源市场效率的促进作用大于抑制作用，使得总效应不太明显有利。在其他结果中，lnGFDI 的弹性在 5%的水平上显著，在当期和 1 年延迟期内分别为 0.1545%和 0.1880%。此外，FDI 对绿色创新有效性的平均总效应为 0.008，平均鼓励效应为 0.0051，平均抑制效应为 0.0039。我们的结论是，多样化的政策支持行为增加了绿色数字金融的影响力，促进了绿色创新，为可持续能源市场创造了无排放的环境。
