How Digital Finance Affects the Continuous Technological Innovation of Chinese Energy Companies?

Guo, Zhongkun; Peng, Yulian; Chen, Yajing

doi:10.3389/fenrg.2022.833436

Cited by 7 publications

(5 citation statements)

References 38 publications

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“…The application of fossil energy has promoted the development of human modernization, but it has also made human life highly dependent on non-renewable resources such as petroleum [1]. The environmental pollution caused by the burning of fossil fuels has also become the focus of attention, so it is imperative to find clean alternative fuel [2][3][4]. Methanol is a liquid organic matter with a wide range of sources, which can be obtained from biomass degradation or chemically synthesized from coal.…”

Section: Introductionmentioning

confidence: 99%

Influence of Glycerol on Methanol Fuel Characteristics and Engine Combustion Performance

Jin

Sun

et al. 2022

Energies

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Methanol derived from solar energy is a carbon-neutral alternative fuel for engines. The low viscosity of methanol is one of the problems that restrict its direct compression ignition application in engines. Glycerol is a renewable resource derived from biomass, and its viscosity is more than 1700 times that of methanol. In this study, glycerol was mixed with methanol in different volume fractions (1–50%), and a methanol-glycerol mixture with similar viscosity to diesel was prepared. Then, the particle size, electrical conductivity, viscosity, swelling and corrosion characteristics of the mixed fuel were measured. Finally, the combustion and emission tests of methanol-glycerol mixed fuel were carried out on a heavy-duty multi-cylinder diesel engine. The results show that glycerol can effectively adjust the viscosity of the mixed fuel. The viscosity of the mixed fuel can reach 3.19 mm2/s at 20 °C when blended with 30% glycerol by volume, which meets the requirements of the national standard for diesel fuel. The addition of glycerol can alleviate the corrosion of methanol to the polymer. The test of the mixed fuel in the direct compression ignition engine shows that the thermal efficiency of methanol mixed with 5% glycerol was further improved than that of pure methanol, both of which were significantly higher than the thermal efficiency of diesel compression ignition engines. Methanol and 5% glycerol by volume blends can reduce soot and nitrogen oxide emissions while maintaining low HC and CO emissions. Therefore, proper blending of glycerol in methanol fuel can optimize the fuel properties of methanol and achieve higher thermal efficiency and lower pollutant emissions than pure methanol direct compression ignition.

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Section: Introductionmentioning

confidence: 99%

Influence of Glycerol on Methanol Fuel Characteristics and Engine Combustion Performance

Jin

Sun

et al. 2022

Energies

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“…Under CSR, companies in the energy sector can benefit from technological innovations that enhance productivity and environmental safety [57]. Nevertheless, the degree to which this potential can be realized remains unclear [58,59].…”

Section: Literature Review-the Area Of the Environment In The Concept...mentioning

confidence: 99%

Exploring the Link between Energy Efficiency and the Environmental Dimension of Corporate Social Responsibility: A Case Study of International Companies in Poland

Tylżanowski,

Kazojć,

Miciuła

2023

Energies

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This study presents theoretical and practical contributions to the environmental dimension of enterprises’ corporate social responsibility (CSR) in sustainable development. Interest in the environment is related to CSR through environmental cost optimization and energy-efficiency management. The practical stage of the research, obtained using the computer-assisted telephone interviewing (CATI) method, allowed for presenting case studies of the best practices used by international enterprises operating in Poland. This study describes the practical tools and advice companies can use to improve efficiency and environmental responsibility. The article is an in-depth study of the growing role of enterprises in shaping sustainable and socially responsible businesses and aims to assess the extent to which these companies prioritize energy efficiency as a part of their CSR initiatives. The authors highlight the role of energy efficiency in achieving broader corporate environmental responsibility. This research aims to encourage businesses to adopt responsible environmental strategies for a greener and more sustainable future. The implementation of this goal helped develop and indicate conclusions regarding the development of environmental tools related to corporate responsibility in sustainable development, encouraging scientific debates and promoting responsible monitoring of the implementation of this concept.

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“…Thus, through what channels does digital finance stimulate collaborative innovation in the YRD? Guo et al [15] declared that the development of digital finance can improve the level of corporate risk-taking, thereby encouraging the continuous innovation of Chinese energy companies. Li and Li [16] estimated the impact validity of digital finance on urban innovation through a double-difference model, and found that digital finance promotes urban innovation by improving the allocation of credit resources, promoting consumption, and guiding industrial upgrading.…”

Section: Review Of the Literature And Research Hypothesesmentioning

confidence: 99%

Digital Finance and Collaborative Innovation: Case Study of the Yangtze River Delta, China

2022

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The development of China’s digital finance provides new ideas for solving the financial constraints faced by some collaborative innovation activities in the Yangtze River Delta (YRD). Therefore, based on the panel data of 41 cities in the YRD from 2011 to 2020, this study empirically tests the impact and transmission mechanisms of digital finance on collaborative innovation through GMM and a dynamic mediation model. The results show that in the YRD region, digital finance significantly stimulates collaborative innovation, but the effect of the decomposition index varies. The effect of depth of use is the strongest, followed by breadth of coverage and degree of digitization. In terms of the transmission mechanism, digital finance can increase the scale of credit, social consumption, and industrial upgrading to form a positive local effect. It can also improve the development of collaborative innovation, and lead to a spillover effect through the flow of R&D capital and R&D personnel. The conclusion indicates that it is necessary to stimulate the digital transformation in the financial field, giving full play to liquidity, facilitating the upgrading of credits, consumption, and industries. This study enriches the theoretical framework of digital finance and collaborative innovation. Moreover, the empirical test provides data and evidence for the construction of a world-class science and technology innovation center in the YRD. The paper also presents limitations, including the influence of factors such as urban heterogeneity and financial supervision, worthy of further research.

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How Digital Finance Affects the Continuous Technological Innovation of Chinese Energy Companies?

Cited by 7 publications

References 38 publications

Influence of Glycerol on Methanol Fuel Characteristics and Engine Combustion Performance

Influence of Glycerol on Methanol Fuel Characteristics and Engine Combustion Performance

Exploring the Link between Energy Efficiency and the Environmental Dimension of Corporate Social Responsibility: A Case Study of International Companies in Poland

Digital Finance and Collaborative Innovation: Case Study of the Yangtze River Delta, China

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