The impact of green finance on the intensity and efficiency of carbon emissions: the moderating effect of the digital economy
Carbon emissions have become a global challenge that threatens human development. Governments have taken various measures to reduce carbon emissions, and green finance is an important and innovative way to realize carbon emission reductions. This paper uses data on a prefecture-level city in China t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2024-03-01
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| Series: | Frontiers in Environmental Science |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2024.1362932/full |
| _version_ | 1827317836358352896 |
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| author | Wenjie Liu Peng Zhu |
| author_facet | Wenjie Liu Peng Zhu |
| author_sort | Wenjie Liu |
| collection | DOAJ |
| description | Carbon emissions have become a global challenge that threatens human development. Governments have taken various measures to reduce carbon emissions, and green finance is an important and innovative way to realize carbon emission reductions. This paper uses data on a prefecture-level city in China to explore the impact of green finance on carbon emission intensity from both theoretical and empirical perspectives, and analyzes the mechanisms by which green finance affects carbon emission intensity. On this basis, this paper further analyzes the impact of green finance on carbon emission efficiency. In addition, this paper introduces variables related to the digital economy to perform a comprehensive examination of the moderating effect of digital economy development on the relationship between green finance and both carbon emission intensity and efficiency. The results indicate that green finance reduces carbon emission intensity and that green innovation, green total factor productivity and the transformation and upgrading of industry are important mediating mechanisms. Meanwhile, analysis shows that green finance improves carbon emission efficiency. This paper also finds that the digital economy significantly enhances the role of green finance in reducing carbon emission intensity and promoting carbon emission efficiency, and makes a positive contribution to promoting carbon emission reduction. The findings will contribute to strengthening the government’s capacity for environmental protection, developing green finance, and reducing carbon emissions. |
| first_indexed | 2024-04-24T23:46:33Z |
| format | Article |
| id | doaj.art-64ea8cad5e914b5ba64ed0b8a91ad641 |
| institution | Directory Open Access Journal |
| issn | 2296-665X |
| language | English |
| last_indexed | 2024-04-24T23:46:33Z |
| publishDate | 2024-03-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj.art-64ea8cad5e914b5ba64ed0b8a91ad6412024-03-15T04:49:54ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2024-03-011210.3389/fenvs.2024.13629321362932The impact of green finance on the intensity and efficiency of carbon emissions: the moderating effect of the digital economyWenjie Liu0Peng Zhu1Business School, Jiangsu Open University, Nanjing, ChinaBusiness School, Wuhan Qingchuan University, Wuhan, ChinaCarbon emissions have become a global challenge that threatens human development. Governments have taken various measures to reduce carbon emissions, and green finance is an important and innovative way to realize carbon emission reductions. This paper uses data on a prefecture-level city in China to explore the impact of green finance on carbon emission intensity from both theoretical and empirical perspectives, and analyzes the mechanisms by which green finance affects carbon emission intensity. On this basis, this paper further analyzes the impact of green finance on carbon emission efficiency. In addition, this paper introduces variables related to the digital economy to perform a comprehensive examination of the moderating effect of digital economy development on the relationship between green finance and both carbon emission intensity and efficiency. The results indicate that green finance reduces carbon emission intensity and that green innovation, green total factor productivity and the transformation and upgrading of industry are important mediating mechanisms. Meanwhile, analysis shows that green finance improves carbon emission efficiency. This paper also finds that the digital economy significantly enhances the role of green finance in reducing carbon emission intensity and promoting carbon emission efficiency, and makes a positive contribution to promoting carbon emission reduction. The findings will contribute to strengthening the government’s capacity for environmental protection, developing green finance, and reducing carbon emissions.https://www.frontiersin.org/articles/10.3389/fenvs.2024.1362932/fullgreen financecarbon emission intensitycarbon emission efficiencydigital economyChina |
| spellingShingle | Wenjie Liu Peng Zhu The impact of green finance on the intensity and efficiency of carbon emissions: the moderating effect of the digital economy Frontiers in Environmental Science green finance carbon emission intensity carbon emission efficiency digital economy China |
| title | The impact of green finance on the intensity and efficiency of carbon emissions: the moderating effect of the digital economy |
| title_full | The impact of green finance on the intensity and efficiency of carbon emissions: the moderating effect of the digital economy |
| title_fullStr | The impact of green finance on the intensity and efficiency of carbon emissions: the moderating effect of the digital economy |
| title_full_unstemmed | The impact of green finance on the intensity and efficiency of carbon emissions: the moderating effect of the digital economy |
| title_short | The impact of green finance on the intensity and efficiency of carbon emissions: the moderating effect of the digital economy |
| title_sort | impact of green finance on the intensity and efficiency of carbon emissions the moderating effect of the digital economy |
| topic | green finance carbon emission intensity carbon emission efficiency digital economy China |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2024.1362932/full |
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