The Role Model of Inclusive Finance in Regional Economic Development Based on Carbon Neutrality Theory

Abstract

The most significant global challenge is global climate change; carbon emission reduction and carbon neutralization are the last way to solve global climate change. Achieving carbon neutrality will significantly impact the global economy and the national economy. The “dual carbon goals” proposed by China will also substantially impact the global economy and regional economic development. Focusing on regional economic development, achieving carbon neutrality is not only an opportunity for regional economic development but also a challenge. To achieve the goal of carbon neutrality, there must be institutional innovation and management innovation, which will provide new opportunities for balanced development among regions. With the development of inclusive finance, financial services for many disadvantaged groups and small and medium-sized enterprises have been further developed, thereby promoting economic development. With the development of Internet finance, big data, cloud computing, and other technologies, the development of inclusive finance, etc., the concept has also emerged. However, due to the short time of digital financial inclusion, the imperfect regulatory system, and the low degree of public participation, it is worth investigating whether the development of digital financial inclusion has a catalytic effect on the improvement of economic growth. Using the data of 31 provinces to build a panel regression model, this paper studies the market development, the development degree of digital financial inclusion, and the impact of digital financial inclusion on the relationship between factor markets and product markets and regions from the perspective of factor markets and product markets.

Financial Inclusion Through Technology: A Review of Trends in Emerging Markets

“…It is recommended that efforts should be made to encourage investor participation to foster the growth of the stock market, which is essential for sustainable development (Raweh et al, 2023). Moreover, to achieve the goal of carbon neutrality, institutional and management innovations are needed to provide new opportunities for balanced development among regions, emphasizing the role of policy in promoting inclusive finance for regional economic development (Yu, 2022). These policy recommendations underscore the need for a conducive regulatory environment and supportive policies to drive technologyenabled financial inclusion in emerging markets.…”