A Theoretical Analysis of Digital Finance Enabling Green Innovation
DOI:
https://doi.org/10.54097/wdn7ds67Keywords:
Digital finance, green innovation, financing constraints, industrial upgrading.Abstract
This paper explores the development of digital finance as a force for promoting green innovation. It discusses how digital finance can be developed in high quality and how it can promote the theoretical mechanism of green innovation. Finally, policy recommendations for the development of digital finance and green innovation are presented. Digital finance primarily supports green innovation in three ways. Firstly, it facilitates the development of green enterprises and promotes high-quality and sustainable economic growth through convenient and efficient financial services. Secondly, it employs digital technology to enhance the coverage of financial services. Finally, it encourages the adoption of sustainable practices through the provision of financial incentives. Secondly, digital finance has facilitated the development of green financial products and services, expanded financing opportunities for enterprises, and lowered the cost of financing green projects. Thirdly, the integration of digital finance and green innovation has contributed to the enhancement and upgrading of industrial structure, as well as the transition towards a greener economy. Therefore, it is imperative to support the advancement of digital finance for green innovation from various perspectives.
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