Can the Digital Economy Enable Carbon Emission Reduction: Analysis of Mechanisms and China’s Experience

Abstract

With the continuous advancement of global scientific and technological capabilities, the issue of global warming caused by greenhouse gas emissions has received widespread attention from countries worldwide. Promoting carbon reduction and curbing the trend of global warming have become urgent and significant challenges for China and the world. Therefore, it is of great practical significance to explore the impact and mechanism of the digital economy on carbon reduction. This paper empirically analyzes the impact and means of the digital economy on carbon emissions using panel regression models and mediation effect models. The research indicates that the digital economy significantly impacts carbon emissions, and the following main conclusions are drawn: (1) The influence of the digital economy on carbon intensity exhibits an inverted U-shaped curve, starting with promotion and then inhibition. (2) The digital economy can affect carbon emissions through industrial structural upgrading and technological innovation. (3) Regions with a relatively high level of digital economy development also tend to have higher energy utilization efficiency, leading to a more pronounced impact of the digital economy on carbon emissions levels.

Digital inclusive finance, consumption structure upgrading and carbon emissions

“…Scholars from both the domestic and international arenas have recently actively participated in extensive theoretical discussions and empirical studies on the effects of digital inclusive finance development on carbon emissions (Ding R. et al, 2022;Wang et al, 2023a). Two main points of view have evolved from this discussion.…”