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How digital finance affects carbon intensity–The moderating role of financial supervision

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  • Guo, Xiaohong
  • Tu, Yongqian

Abstract

The impact of digital finance (DF) on decarbonization is an emerging and hot topic. Based on the panel data of 284 prefecture-level cities in China from 2011 to 2020, this paper investigates the impact of DF on carbon intensity (CI) using spatial econometrics. The results show an inverted U-shaped relationship between DF and CI. DF has a positive spatial externality on CI, which not only has a significant effect on the local CI, but also has a positive effect on the surrounding areas. Finally, the positive effect is more obvious under reasonable financial supervision.

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  • Guo, Xiaohong & Tu, Yongqian, 2023. "How digital finance affects carbon intensity–The moderating role of financial supervision," Finance Research Letters, Elsevier, vol. 55(PA).
    • Handle: RePEc:eee:finlet:v:55:y:2023:i:pa:s1544612323002349
    DOI: 10.1016/j.frl.2023.103862
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