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Green technology application, open finance, and the path to carbon neutrality: an empirical analysis based on China and Germany

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  • Lin, Tianshui
  • Li, Xiangtian

Abstract

This study conducts an empirical analysis using monthly panel data from China and Germany between January 2001 and December 2023 to explore the relationships among green technology application (GTA), open finance, and carbon neutrality (CN). The empirical results confirm that GTA has a significant positive effect on achieving CN. Further interaction analysis indicates that the interplay between GTA and open finance significantly promotes CN. In addition, this study examines the mediating role of R&D investment in the relationship between GTA and CN. Through heterogeneity analysis, the study finds that the impact of GTA on CN varies significantly across countries at different stages of economic development. Further analysis reveals that green technology policy measures in China and Germany play a crucial role in advancing the CN process.

Suggested Citation

  • Lin, Tianshui & Li, Xiangtian, 2026. "Green technology application, open finance, and the path to carbon neutrality: an empirical analysis based on China and Germany," Finance Research Letters, Elsevier, vol. 92(C).
    • Handle: RePEc:eee:finlet:v:92:y:2026:i:c:s1544612326000334
    DOI: 10.1016/j.frl.2026.109502
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    References listed on IDEAS

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