Research on the Impact Effect of Digital Finance on the Development of Low Carbon Economy

Xi Yang

doi:10.54097/mk05f633

Authors

Xi Yang

DOI:

https://doi.org/10.54097/mk05f633

Keywords:

Digital finance, Low carbon economic development, Mechanism testing

Abstract

The report of the 20th Party Congress pointed out that “promoting the greening and low-carbonization of economic and social development is the key link to achieve high-quality development”, and steadily promoting carbon peak and carbon neutral work is the proper meaning of promoting the development of low-carbon economy. Digital finance, as a fusion of digital technology and financial business, can form a long-term mechanism of governance of pollution, so the study of the impact of digital finance on the development of China's low-carbon economy has certain theoretical value and practical significance. Based on the panel dataset of 30 provinces from 2011 to 2021, this paper constructs a benchmark regression model and a mediation effect model to analyze the impact effect of digital finance on the development of low-carbon economy, and based on the theoretical analysis and the empirical results, it provides referable policy suggestions for promoting the development of low-carbon economy.

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