The Role Mechanism of Digital Finance in Enterprise Green Technology Innovation
DOI:
https://doi.org/10.54097/zkvk5v89Keywords:
Digital Finance, Green Technology Innovation, Digital TransformationAbstract
With the rapid development of China's economy, the traditional extensive economic development model is no longer sufficient to meet current development needs. The concept of green development has become deeply ingrained, balancing economic growth with environmental protection. This concept is key to China's high-quality economic development and serves as the best way to stimulate corporate green innovation and address ecological issues. Green technology surpasses incremental innovation, involving many uncertainties and requiring higher technical standards. Compared to traditional innovation activities, it requires more investment in research and development. However, the lack of a sound financial system and difficulties in financing have constrained enterprises' green technology innovation activities. By applying digital technologies such as big data, artificial intelligence, and 5G to the financial sector, digital finance has emerged. This new form of financial industry offers advantages such as convenience, efficiency, inclusiveness, and innovation. Through fintech, digital finance opens new markets, transforming traditional financial services and stimulating enterprises' green technology innovation capabilities.
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