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China's household's energy poverty mitigation: An inclusive finance perspective

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  • Tao, Miaomiao
  • Lin, Boqiang
  • Silva, Emilson

Abstract

Effectively tackling energy poverty is instrumental for ensuring public access to affordable energy, which can accelerate a country's shift toward a low-carbon economy. We explore the influence of financial inclusion in mitigating energy poverty, drawing on household survey data. The main results confirm that inclusive finance plays a significant role in eradicating energy poverty at the household level. The transmission mechanisms reveal that inclusive finance alleviates energy poverty by promoting digitalization, narrowing the digital divide, easing liquidity constraints, offsetting economic losses from natural disasters, and increasing educational investments. Additional heterogeneity analysis indicates that the impact of inclusive finance varies across demographic groups, including region, income, off-farm entrepreneurship, and gender. These findings can offer meaningful insights for policymakers aiming to alleviate energy poverty through financial inclusion.

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  • Tao, Miaomiao & Lin, Boqiang & Silva, Emilson, 2024. "China's household's energy poverty mitigation: An inclusive finance perspective," Energy, Elsevier, vol. 313(C).
    • Handle: RePEc:eee:energy:v:313:y:2024:i:c:s0360544224038921
    DOI: 10.1016/j.energy.2024.134114
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