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Digital finance, regional innovation environment and renewable energy technology innovation: Threshold effects

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  • Lin, Boqiang
  • Zhang, Aoxiang

Abstract

The correlation between renewable energy technology innovation (RENTI) and carbon neutrality has been studied extensively. Meanwhile, an efficient digital financial system and a favorable innovation environment are essential to promote RENTI. This paper examines the effects of digital finance and the regional innovation environment on RENTI using panel data from 31 Chinese provinces spanning 2011 to 2020. The findings demonstrate that digital finance directly promotes RENTI. The marginal effect of digital finance is more significant for eastern regions and regions with developed finance. The threshold effect analysis shows that the positive impact of digital finance on RENTI reaches a higher level when government financial support and ICT development exceed a certain threshold. In addition, appropriate levels of human capital are conducive to the positive impact of digital finance. Finally, we find that digital finance promotes local RENTI and benefits RENTI in neighboring regions. Our findings offer insights for policymakers to guide digital finance to support RENTI and optimize the innovation environment.

Suggested Citation

  • Lin, Boqiang & Zhang, Aoxiang, 2024. "Digital finance, regional innovation environment and renewable energy technology innovation: Threshold effects," Renewable Energy, Elsevier, vol. 223(C).
    • Handle: RePEc:eee:renene:v:223:y:2024:i:c:s0960148124001010
    DOI: 10.1016/j.renene.2024.120036
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    Cited by:

    1. Wanteng Zheng & Zixuan Ye, 2024. "The Incentive Effect of Digital Finance on Innovation of Small- and Medium-Sized Enterprises Considering Heterogeneity: An Empirical Study Based on Chinese-Listed Firms," Sustainability, MDPI, vol. 16(19), pages 1-17, September.
    2. Lin, Boqiang & Zhang, Aoxiang, 2024. "Impact of government subsidies on total factor productivity of energy storage enterprises under dual-carbon targets," Energy Policy, Elsevier, vol. 187(C).
    3. Li, Minyang & Lin, Boqiang, 2024. "Clean energy business expansion and financing availability: The role of government and market," Energy Policy, Elsevier, vol. 191(C).

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