IDEAS home Printed from https://ideas.repec.org/a/ajp/edwast/v8y2024i4p2278-2291id1598.html
   My bibliography  Save this article

The impact of digital finance on green economic development: A literature review

Author

Listed:
  • Chun Li
  • Kazeem Alasinrin Babatunde

Abstract

Green economic development has become an essential pathway to achieving high-quality economic growth, while digital finance represents a prominent trend in global financial advancement. The rapid expansion of digital finance in China has spurred extensive research in this domain. This study systematically combes the literature on digital finance and green economic development. Initially, it delineates the conceptual definition of digital finance, measurement indices and the conceptual definition of green economic development, identifies the key influencing factors. Subsequently, it synthesizes empirical findings on how digital finance influences the growth of green economy from economic, environmental, and energy perspectives. The economic perspective is divided into macroeconomic impacts, mechanisms of influence, and microeconomic aspects; the environmental perspective focuses on the pollution effects and carbon emission reduction attributable to digital finance, and the energy perspective reviews literature on improvements in energy efficiency and reductions in energy intensity driven by digital finance. Finally, the paper offers a comprehensive summary of current research trends and future directions in the field. It emphasizes the need for enhanced digital finance index systems, robust risk control and regulation, and a balanced approach to fostering a genuine green economy. Additionally, it highlights potential future research avenues, such as the effects of digital finance on government policies, foreign trade, environmental pollution, and energy utilization.

Suggested Citation

  • Chun Li & Kazeem Alasinrin Babatunde, 2024. "The impact of digital finance on green economic development: A literature review," Edelweiss Applied Science and Technology, Learning Gate, vol. 8(4), pages 2278-2291.
  • Handle: RePEc:ajp:edwast:v:8:y:2024:i:4:p:2278-2291:id:1598
    as

    Download full text from publisher

    File URL: https://learning-gate.com/index.php/2576-8484/article/view/1598/542
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ajp:edwast:v:8:y:2024:i:4:p:2278-2291:id:1598. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Melissa Fernandes (email available below). General contact details of provider: https://learning-gate.com/index.php/2576-8484/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.