Digital economy: An innovation driving factor for low-carbon development

Zhang, Jinning; Lyu, Yanwei; Li, Yutao; Geng, Yong

doi:10.1016/j.eiar.2022.106821

Cited by 334 publications

(124 citation statements)

References 63 publications

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“…However, scholars have different research conclusions on the relationship between the digital economy and carbon emissions. Most scholars believe that the digital economy has promoted the development of e-commerce industry and internet industry, squeezed out emission-intensive industries, optimized the urban industrial structure [ 15 , 16 ], improved the environmental situation, and provided impetus for emission reduction. Wang et al [ 17 ] find that the development of the digital economy is conducive to reducing carbon emissions.…”

Section: Introductionmentioning

confidence: 99%

“…However, some scholars also believe that the digital economy has a heterogeneous impact on carbon emissions. For example, the research of Xu et al shows that the digital economy has different impacts on cities in the eastern, central, and western regions of China, significantly inhibiting the eastern region, while promoting the central region [ 16 ]. However, some scholars [ 19 , 20 ] believe that, as the core foundation of the digital economy, the development of digital technology will lead to a large amount of power consumption and energy consumption, thereby increasing carbon emissions.…”

Section: Introductionmentioning

confidence: 99%

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Has the Digital Economy Reduced Carbon Emissions?: Analysis Based on Panel Data of 278 Cities in China

Zhou

Liu

Zhu

2022

IJERPH

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China is undergoing an urbanization process at an unprecedented scale, and low-carbon urban development is of great significance to the completion of the “dual carbon goals”. At the same time, the digital economy has become an important engine for urban development, and its role in environmental improvement has become increasingly prominent. While the digital economy is booming, can it promote the low-carbon development of cities? Based on the panel data of 278 cities in China from 2011 to 2019, this paper discusses the impact of the digital economy on carbon emissions and the long-term development trend between the digital economy and carbon emissions, the impact of differences in the development level of the digital economy on carbon emissions reduction, and the impact of green energy efficiency in the relationship between the digital economy and carbon emissions. The results show that the digital economy has a significant inhibitory effect on carbon emissions, and with the development of the digital economy, more and more cities show an absolute decoupling of the digital economy and carbon emissions and are turning to low-carbon development. The development level of the digital economy has a heterogeneous impact on carbon emissions. With the improvement of the development level of the digital economy, the effect on emission reduction is more significant. As a threshold variable, green energy efficiency affects the relationship between digital economy and carbon emissions. When green energy efficiency is low, the digital economy promotes carbon emissions, and when green energy efficiency is high, the digital economy reduces carbon emissions.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Has the Digital Economy Reduced Carbon Emissions?: Analysis Based on Panel Data of 278 Cities in China

Zhou

Liu

Zhu

2022

IJERPH

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“…Many studies have shown that digital economy contributes to the improvement of GVC position (Ardolino et al, 2018;Oliveira et al, 2021). Its main impact mechanisms are: optimizing the layout of GVC production division of labor through mechanisms, such as reducing resource mismatch, increasing proportion of highly skilled talents, and improving production efficiency (Guan and Guo, 2022); promoting international knowledge and technology spillover, which enhances enterprises' technological innovation capacity and efficiency of achievement transformation, and accelerates the industrial structure layout to the upstream of Frontiers in Environmental Science frontiersin.org GVC (Duraivelu, 2022;Zhang et al, 2022); improving the level of digital service, amplifying the promotion effect of application research investment on GVC's status, and enhancing the positive feedback effect of basic research investment on GVC (Yang and Yi, 2021); due to the development of digital technology, the search cost of credit information has been greatly reduced (Spence, 2021), and the information asymmetry existing in almost all markets has been reduced to the lowest level. In this sense, the combination of data and human capital can create a higher return rate (Spence, 2021), help enterprises to participate in knowledge intensive and other high value-added production activities, and drive the upgrading of GVC status (Szalavetz, 2022).…”

Section: Influence Mechanism Of Digital Economy On Green Innovationmentioning

confidence: 99%

“…Second, Studies have found that the development of the Internet can significantly reduce energy consumption and reduce environmental pollution (Ren et al, 2021;Ren et al, 2022). At the city level or at the firm level, some studies support the role of the digital economy in promoting green innovation (Cao et al, 2021;Zhang et al, 2022;Lin and Ma, 2022;Feng et al, 2022;Gelenbe and Caseau, 2015;Ma and Zhu, 2022;Martin and Rice, 2022;Wang and Chen, 2022). Also, studies have shown that the digital economy has a positive impact on the GVC embeddedness and GVC upgrading (Gonzalez and Jouanjean, 2017;Gopalan et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Global value chain embeddedness, digital economy and green innovation—Evidence from provincial-level regions in China

Hui

Yang

Zhou

et al. 2022

Front. Environ. Sci.

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With globalization and digitalization, participating in Global Value Chain (GVC) and developing digital economy have had a profound impact, which transforms China’s economy into a green and innovative one. This paper studies the intrinsic influential mechanism of GVC embeddedness and digital economy on green innovation and proposes some research hypotheses. Based on panel data of 30 Chinese provinces from 2002 to 2016, we constructed some core indicators such as GVC embeddedness, digital economy and green innovation. The ordinary panel model and spatial panel model are used to empirically test the impact of GVC embeddedness and digital economy on China’s green innovation at the provincial level. The research findings are: First, GVC embeddedness and digital economy have significant promotion effects on green innovation. Second, the development of digital economy will not only directly promote green innovation, but also indirectly promote green innovation by effectively promoting the integration of provincial economy into GVC. The results of mediating effect test show that GVC embeddedness has a partial mediating effect in the influential mechanism of digital economy to promote green innovation. Third, GVC embeddedness and green innovation have significant spatial spillover effects. It indicates that Chinese provinces (cities1) have significantly promoted green innovation in neighboring provinces through many possible channels and mechanisms in the process of participating in GVC, and the robustness test shows the stability of the spatial spillover mechanism. The findings provide useful policy implications for China’s deeply participating in GVC, vigorously developing digital economy and promoting green innovation.

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“…Therefore, studying the relationship between ESG disclosure and sustainable corporate growth is the basis for implementing the development of ESG concept. Based on the current background of significantly increased environmental uncertainty, combined with the importance and inevitability of ESG development in China, the study of ESG disclosure is of great practical significance Zhang et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Environmental, social, governance disclosure and corporate sustainable growth: Evidence from China

Wang¹,

Li²,

Deng-feng³

et al. 2022

Front. Environ. Sci.

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The ultimate goal of business development is to achieve sustainable corporate growth and maximize shareholder wealth. Whether and how ESG disclosure affects sustainable growth needs to be further explored. Combining stakeholder theory and signaling theory, a panel data test based on 300 listed companies in Shanghai and Shenzhen in China finds that ESG disclosure can positively promote sustainable growth compared with companies that do not disclose ESG disclosure, and the higher the level of ESG disclosure, the greater the promotion effect on sustainable growth; and ESG disclosure further enhances sustainable growth by reducing financing constraints and enhancing human capital. In addition, the positive relationship between ESG disclosure and corporate sustainable growth is particularly pronounced for non- environmentally sensitive industries and when external environmental uncertainty intensifies. Our findings enrich the research related to ESG disclosure, provide motivation to motivate firms to consciously practice ESG disclosure from a sustainable growth perspective, and contribute to a more detailed understanding of the mechanisms of ESG disclosure and sustainable corporate growth.

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Digital economy: An innovation driving factor for low-carbon development

Cited by 334 publications

References 63 publications

Has the Digital Economy Reduced Carbon Emissions?: Analysis Based on Panel Data of 278 Cities in China

Has the Digital Economy Reduced Carbon Emissions?: Analysis Based on Panel Data of 278 Cities in China

Global value chain embeddedness, digital economy and green innovation—Evidence from provincial-level regions in China

Environmental, social, governance disclosure and corporate sustainable growth: Evidence from China

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