Impacts of digital inclusive finance on CO2 emissions from a spatial perspective: Evidence from 272 cities in China

Wang, Hongli; Guo, Jinguang

doi:10.1016/j.jclepro.2022.131618

Cited by 123 publications

(49 citation statements)

References 68 publications

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“…The research of Xiong Wang shows that the development of digital Inclusive Finance is conducive to regional carbon emission reduction. HongliWang (Wang and Guo, 2022) and other researchers found that digital inclusive finance can help reduce urban carbon dioxide emissions, and there is a significant positive spatial spillover effect in China's urban carbon dioxide emissions.…”

Section: Introductionmentioning

confidence: 93%

The impact of digital economy development on carbon emissions -- based on the Yangtze River Delta urban agglomeration

Zha

Huang

Kumari

2022

Front. Environ. Sci.

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The dual carbon target has been the focus of domestic attention since it was proposed. At the same time, the digital economy based on new technologies such as the Internet and big data has become an important engine to boost China’s high-quality economic development. While the digital economy is promoting the development of the urban economy, can it also promote the low carbon development of cities in China? Based on panel data and multiple econometric models of 26 cities in the Yangtze River Delta urban agglomeration from 2006 to 2020, this paper empirically examines the impact of digital economy development on urban carbon emissions. The results show that the development of the digital economy can not only reduce the carbon emission intensity of this region but also effectively reduce the carbon emission intensity of surrounding areas. Therefore, it is necessary to further promote the construction of digital economy in the urban agglomeration, improve the inclusiveness and flexibility of the implementation of digital economy development strategy, and improve the construction of information infrastructure to give full play to the role of the digital economy in improving carbon emissions in urban agglomeration.

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Section: Introductionmentioning

confidence: 93%

The impact of digital economy development on carbon emissions -- based on the Yangtze River Delta urban agglomeration

Zha

Huang

Kumari

2022

Front. Environ. Sci.

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“…To a certain extent, the phenomenon of “not changing the loan” and “not being able to borrow,” caused by factors such as information asymmetry and moral hazard between traditional financial institutions and financial customers, has been reduced. It promotes the increase of loan amount and quantity, eases financing constraints, and enables enterprises to increase the proportion of R&D investment funds to improve innovation efficiency, promote enterprise transformation, and improve energy efficiency (Beck et al 2018 ; Wang and Guo 2022 ). The rapid development of digital insurance has led to the establishment of new digital insurance institutions.…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

“…The accessibility of insurance services has been improved, and new micro-insurance products have been provided for small innovative enterprises and green enterprises. This reduces the operational risk of such enterprises, promotes enterprise development and technological progress, and improves energy efficiency (Wang and Guo 2022 ). Therefore, hypothesis 3 is proposed.…”

Section: Literature Review and Research Hypothesismentioning

confidence: 99%

Impact of digital finance on energy efficiency: empirical findings from China

Zhou

Liu

et al. 2022

Environ Sci Pollut Res

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The world is facing the problem of resource scarcity and environmental degradation. Improving energy efficiency is an effective way to reduce energy consumption and reduce pollutant emissions. Based on relevant data from 30 Chinese provinces from 2011 to 2019, this paper constructs energy efficiency indicators by establishing a super-efficient three-stage SBM-DEA model. It explores the impact of digital finance on energy efficiency using a systematic generalized moment estimation method and constructs an analytical framework for the impact of digital inclusive finance on energy efficiency from the breadth of coverage, depth of use, and degree of digitization of digital inclusive finance. In addition, this paper examines the differences in the impact of digital inclusive finance on energy efficiency from a sub-regional perspective. Research indicates the following: (1) At the national level, the relationship between digital inclusive finance development and energy efficiency in China shows an inverted “U”-shape; the breadth of digital financial coverage, the use of digital insurance services and digital credit services, and the degree of digitalization of digital finance all have significant effects on energy efficiency. (2) From a regional perspective, the impact of digital inclusive finance on energy efficiency has regional heterogeneity. Based on this finding, first, the government should speed up the construction of digital financial infrastructure to promote the further development of digital finance. Second, the government should take appropriate measures to regulate industry giants. Third, the government should adjust measures to local conditions when formulating policies. The above research has certain implications for improving the targeting of digital finance–related policies and promoting the high-quality development of China’s economy.

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“…In view of the importance of sustainable development, China has been committed to pursuing green economy in recent years. In 2020, the Chinese government proposed the goals of reaching “peak carbon dioxide emissions” by 2030 and achieving “carbon neutrality” by 2060 [ 4 ]. It clearly points out that it is necessary to promote energy conservation and emission reduction, which is especially important in heavily polluting industries.…”

Section: Introductionmentioning

confidence: 99%

“…There are three distinct views in the previous literature on the effect of the Internet and the ICT industry on environmental pollution, including: (1) the development of the Internet and ICT industry can reduce social pollutant emissions [ 18 , 19 ]; (2) The investment in the Internet and ICT industries has driven the development of many sub industries at the same time, causing a large amount of power and resource consumption, directly promoting the carbon emissions of carbon intensive industries such as the power sector, thus indirectly causing environmental pollution problems [ 20 ]; (3) The relationship between the two is nonlinear [ 21 , 22 ]. Regarding the effect of digital transformation on environmental pollution, previous literatures have reached a relatively consistent conclusion, that is, the digital transformation of the financial industry can effectively reduce pollution through technological innovation, adjustment of industrial structure and improvement of capital allocation [ 4 , 23 , 24 ].…”

Section: Introductionmentioning

confidence: 99%

Can Digital Economy Promote Energy Conservation and Emission Reduction in Heavily Polluting Enterprises? Empirical Evidence from China

Zhang

Kuang

2022

IJERPH

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This paper examines the impact of digital economy on corporate energy conservation and emission reduction (CECER) using China’s A-share listed heavily polluting enterprises from 2012 to 2019 as a sample. Our results show that: (1) Digital economy can significantly increase CECER, and this effect is significant for mining and manufacturing enterprises, and less significant for power, heat production and supply enterprises; (2) Mechanism research shows that digital economy promotes CECER through enhancing the green technology innovation capability, easing the financing constraints, and boosting market competition; (3) Heterogeneity research indicates that the promotion of digital economy to CECER is more significant in economically developed regions and regions with less financial pressure from local governments. This paper clarifies the factors influencing CECER and provides empirical evidence for achieving digital economy development and government goals for CECER.

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Impacts of digital inclusive finance on CO2 emissions from a spatial perspective: Evidence from 272 cities in China

Cited by 123 publications

References 68 publications

The impact of digital economy development on carbon emissions -- based on the Yangtze River Delta urban agglomeration

The impact of digital economy development on carbon emissions -- based on the Yangtze River Delta urban agglomeration

Impact of digital finance on energy efficiency: empirical findings from China

Can Digital Economy Promote Energy Conservation and Emission Reduction in Heavily Polluting Enterprises? Empirical Evidence from China

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