Jiang Yan, Zhao Ruizeng, Qin Guozhen
College of Business, Shanghai University of Finance and Economics, Shanghai, 200433, China.
School of Economics and Management, Southwest University of Science and Technology, Mianyang, Sichuan, 621000, China.
Heliyon. 2024 Apr 23;10(9):e30155. doi: 10.1016/j.heliyon.2024.e30155. eCollection 2024 May 15.
The digitalization of finance drives economic development and plays a crucial role in energy conservation and carbon emission reduction. Utilizing carbon emissions data from 2011 to 2020, we find that digital finance development can mitigate carbon emissions intensity (CEI) by approximately 0.14 %. Then, we employ a diverse set of robustness and endogeneity tests to assess the reliability of the empirical findings. Moreover, the study delves into how digital finance impacts CEI through production technology innovation (PTI) and green technology innovation (GTI). The results indicate a positive effect of PTI on CEI. GTI exerts a negative influence on CEI. In addition, there is a chain mediation effect between PTI and GTI in the baseline path. Finally, the impact of digital finance on CEI exhibits apparent regional heterogeneity.
金融数字化推动经济发展,并在节能减排中发挥关键作用。利用2011年至2020年的碳排放数据,我们发现数字金融发展可使碳排放强度(CEI)降低约0.14%。然后,我们采用了多种稳健性和内生性检验来评估实证结果的可靠性。此外,该研究深入探讨了数字金融如何通过生产技术创新(PTI)和绿色技术创新(GTI)影响CEI。结果表明,PTI对CEI有正向影响。GTI对CEI有负向影响。此外,在基线路径中,PTI和GTI之间存在链式中介效应。最后,数字金融对CEI的影响呈现出明显的区域异质性。