IDEAS home Printed from https://ideas.repec.org/a/eee/ecanpo/v80y2023icp482-494.html
   My bibliography  Save this article

Digital finance, technological innovation, and carbon dioxide emissions

Author

Listed:
  • Song, Xiaoling
  • Yao, Yumeng
  • Wu, Xueke

Abstract

In the context of China’s carbon peak and carbon neutrality goals (the “dual carbon” goals), balancing economic development, environmental protection, and low carbon is a high priority. Therefore, exploring the impact of digital finance on carbon dioxide (CO2) emissions is crucial. In this paper, we select the panel data of 241 cities in China from 2011 to 2020 and use the double logarithm model after verifying model forms to explore the impact of digital finance on urban CO2 emissions. The results show a significant negative correlation between the level of digital finance and the intensity of CO2 emissions. Heterogeneity analysis results show that the eastern region exhibits the greatest inhibitory effect, while the western region exhibits the lowest. The three sub-dimensions of digital finance can all reduce carbon emissions, but the usage depth dimension has the greatest reduction effect, while the coverage breadth dimension is slightly lower. Through mediating effect tests from two dimensions, we find that digital finance can achieve CO2 emission reduction by promoting scientific and technological innovation. These findings have implications for understanding the carbon reduction effectiveness of digital finance and achieving the dual carbon goals.

Suggested Citation

  • Song, Xiaoling & Yao, Yumeng & Wu, Xueke, 2023. "Digital finance, technological innovation, and carbon dioxide emissions," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 482-494.
    • Handle: RePEc:eee:ecanpo:v:80:y:2023:i:c:p:482-494
    DOI: 10.1016/j.eap.2023.09.005
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0313592623002126
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.eap.2023.09.005?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecanpo:v:80:y:2023:i:c:p:482-494. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/economic-analysis-and-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.