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Nexus among digital inclusive finance and carbon neutrality: Evidence from company-level panel data analysis

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  • Wang, Weiwei
  • Gao, Pengpeng
  • Wang, Jiahaoran

Abstract

This research examined the effects of digital finance and renewable energy investment on carbon neutrality using Chinese companies' panel data from 2005 to 2020 in 30 Chinese provinces. The findings demonstrate that inclusive digital financing may directly lower carbon intensity. It can also impact carbon intensity by enhancing the industrial structure and resource efficiency and encouraging green technologies. The marginal impact of digital financing is lower for big enterprises (larger for small firms). This is in line with the reality that small businesses face more difficulties in accessing finance. Digital finance opens new funding avenues for such businesses to achieve sustainability. The inclusive feature of digital financing, as opposed to conventional banking, may enhance private businesses' green innovation.

Suggested Citation

  • Wang, Weiwei & Gao, Pengpeng & Wang, Jiahaoran, 2023. "Nexus among digital inclusive finance and carbon neutrality: Evidence from company-level panel data analysis," Resources Policy, Elsevier, vol. 80(C).
    • Handle: RePEc:eee:jrpoli:v:80:y:2023:i:c:s0301420722006444
    DOI: 10.1016/j.resourpol.2022.103201
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