Research on the Impact of Digital Finance Development on a Green Oriented Transition of Manufacturing Industry

Jiaqi Yu

doi:10.54097/d6y06821

Authors

Jiaqi Yu

DOI:

https://doi.org/10.54097/d6y06821

Keywords:

Digital finance, Financing constraints, Industrial upgrading, Green innovation.

Abstract

With the increasing severity of the global climate change, low-carbon transformation in manufacturing industry has become the key to sustainable development. Globally, the rapid rise of digital finance has had a profound impact on the economic structure and development transformation of manufacturing industry. The study focuses on how digital finance to influence on Low-carbon transition in manufacturing industry, deeply exploring the mechanism at work of digital finance in both financing and industrial upgrading. By theoretic analysis, it establishes the theoretic framework for digital finance promoting the transformation, illustrating the role and path of digital finance for a green oriented and low-carbon transition of manufacturing. Suggestions such as strengthening digital financial supervision, improving the regulatory system, developing advanced green technologies, and integrating production and education are proposed, which provides policymakers with a new perspective to speed up the low-carbon transition of the manufacturing industry. This is of great significance for promoting economic green development and improving international competitiveness of manufacturing industry.

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