The Impact of Digital Economy Development on Green Technology Innovation

Abstract

In recent years, China has accelerated the transformation of old and new driving forces, promoting high-quality economic development. How to ensure high-quality economic development while reducing energy consumption and promoting sustainable economic development under the new development pattern has become an important research topic. Through literature review both domestically and internationally, it has been found that research on the impact of digital economy on the development of green technology and the influencing factors of green economy and green finance is a hot topic in the academic community. On this basis, this article will delve into the path of the impact of the digital economy on green technology innovation. Based on panel data from 241 prefecture level cities in China from 2011 to 2022, it will empirically explore the relationship between the digital economy and green technology innovation, and use the mediation effect model to focus on identifying the mechanism of urban financial development level. The study found that the digital economy has become an important force in promoting green technology innovation. The level of financial development is the key intermediary for its effectiveness; The impact of digital economy development on green technology innovation has strong heterogeneity. Therefore, it is necessary to vigorously develop the digital economy, promote regional coordinated development, accelerate the transformation of green economy, and accelerate the development of green economy.