Digital finance development and manufacturing emission reduction: An empirical evidence from China
The implementation of carbon peak and carbon neutral goals cannot be achieved without the effective support of digital finance. This paper studies the inverted N-curve relationship between digital finance and carbon intensity, and identifies the emission reduction effects of digital finance developm...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2022-08-01
|
| Series: | Frontiers in Public Health |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fpubh.2022.973644/full |
| _version_ | 1811216514072707072 |
|---|---|
| author | Yikun Yin |
| author_facet | Yikun Yin |
| author_sort | Yikun Yin |
| collection | DOAJ |
| description | The implementation of carbon peak and carbon neutral goals cannot be achieved without the effective support of digital finance. This paper studies the inverted N-curve relationship between digital finance and carbon intensity, and identifies the emission reduction effects of digital finance development from the enterprise level. The study found that the development of digital finance has an inverted-N dynamic impact on the carbon intensity of the manufacturing industry. The emission reduction effects of the development of digital finance have typical multi-dimensional heterogeneous characteristics at the regional and enterprise levels. Mechanism analysis shows that the emission reduction effect of digital finance development depends on the combined effect of scale and technology. The initial stage of digital finance development can promote carbon emission reduction through the “scale effect” of reduction, and the digital finance development in the intermediate stage can increase carbon intensity through the “scale effect” of expansion, while long-term emission reductions can be achieved based on technological effect caused by the digital finance development in the mature stage. |
| first_indexed | 2024-04-12T06:40:21Z |
| format | Article |
| id | doaj.art-53d8006b71b84873a6539adf4809bff0 |
| institution | Directory Open Access Journal |
| issn | 2296-2565 |
| language | English |
| last_indexed | 2024-04-12T06:40:21Z |
| publishDate | 2022-08-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Public Health |
| spelling | doaj.art-53d8006b71b84873a6539adf4809bff02022-12-22T03:43:45ZengFrontiers Media S.A.Frontiers in Public Health2296-25652022-08-011010.3389/fpubh.2022.973644973644Digital finance development and manufacturing emission reduction: An empirical evidence from ChinaYikun YinThe implementation of carbon peak and carbon neutral goals cannot be achieved without the effective support of digital finance. This paper studies the inverted N-curve relationship between digital finance and carbon intensity, and identifies the emission reduction effects of digital finance development from the enterprise level. The study found that the development of digital finance has an inverted-N dynamic impact on the carbon intensity of the manufacturing industry. The emission reduction effects of the development of digital finance have typical multi-dimensional heterogeneous characteristics at the regional and enterprise levels. Mechanism analysis shows that the emission reduction effect of digital finance development depends on the combined effect of scale and technology. The initial stage of digital finance development can promote carbon emission reduction through the “scale effect” of reduction, and the digital finance development in the intermediate stage can increase carbon intensity through the “scale effect” of expansion, while long-term emission reductions can be achieved based on technological effect caused by the digital finance development in the mature stage.https://www.frontiersin.org/articles/10.3389/fpubh.2022.973644/fulldigital financecarbon emissionmanufacturinginverted U-shapescale effecttechnological effect |
| spellingShingle | Yikun Yin Digital finance development and manufacturing emission reduction: An empirical evidence from China Frontiers in Public Health digital finance carbon emission manufacturing inverted U-shape scale effect technological effect |
| title | Digital finance development and manufacturing emission reduction: An empirical evidence from China |
| title_full | Digital finance development and manufacturing emission reduction: An empirical evidence from China |
| title_fullStr | Digital finance development and manufacturing emission reduction: An empirical evidence from China |
| title_full_unstemmed | Digital finance development and manufacturing emission reduction: An empirical evidence from China |
| title_short | Digital finance development and manufacturing emission reduction: An empirical evidence from China |
| title_sort | digital finance development and manufacturing emission reduction an empirical evidence from china |
| topic | digital finance carbon emission manufacturing inverted U-shape scale effect technological effect |
| url | https://www.frontiersin.org/articles/10.3389/fpubh.2022.973644/full |
| work_keys_str_mv | AT yikunyin digitalfinancedevelopmentandmanufacturingemissionreductionanempiricalevidencefromchina |