IDEAS home Printed from https://ideas.repec.org/a/spr/jknowl/v15y2024i4d10.1007_s13132-024-01902-3.html
   My bibliography  Save this article

Has Digital Financial Inclusion Curbed Carbon Emissions Intensity? Considering Technological Innovation and Green Consumption in China

Author

Listed:
  • Ao Yang

    (Henan University of Technology
    Management and Science University)

  • Mao Yang

    (Sias University)

  • Fuyong Zhang

    (Henan University of Technology)

  • Aza Azlina Md Kassim

    (Management and Science University)

  • Peixu Wang

    (Henan University of Technology
    Management and Science University)

Abstract

Humans and nature are a community of destiny, and carbon emission intensity (CEI) affects the economy’s and environment’s sustainable development. With the transformation of traditional finance and the advent of big data, digital inclusive finance (DFI) plays an increasingly important role in coping with carbon emission reduction. Based on China’s local data from 2011 to 2022, this paper uses panel intermediary, threshold effect, and spatial econometric models to test the impact of DFI on CEI. The main research conclusions include the following: (1) DFI, breadth of digital financial inclusion (DFI_B), depth of use of digital financial inclusion (DFI_D), and degree of digitalization (DIG) can significantly inhibit provincial CEI. Among them, DFI_D has a more significant inhibitory effect on CEI. (2) The intermediary effect model proved that DFI could reduce regional CEI by improving technological innovation and green consumption levels. (3) The heterogeneity test found that DFI in the central and western provinces has a more significant inhibitory effect on CEI. (4) Further research found a single threshold effect on the influence of DFI and economic development level on CEI. (5) The spatial Durbin model (SDM) found that DFI and CEI have positive spillover spatial effects. In addition, DFI can significantly suppress local CEI and improve the surrounding areas’ CEI. The results will help enrich the research on the application of DFI to CEI and provide empirical evidence for better implementing carbon emission reduction and building a beautiful China.

Suggested Citation

  • Ao Yang & Mao Yang & Fuyong Zhang & Aza Azlina Md Kassim & Peixu Wang, 2024. "Has Digital Financial Inclusion Curbed Carbon Emissions Intensity? Considering Technological Innovation and Green Consumption in China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 19127-19156, December.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:4:d:10.1007_s13132-024-01902-3
    DOI: 10.1007/s13132-024-01902-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s13132-024-01902-3
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s13132-024-01902-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:spr:jknowl:v:15:y:2024:i:4:d:10.1007_s13132-024-01902-3. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.