The coupling and coordinated development of digital finance and green finance under the vision of “dual carbon” and the examination of carbon emission reduction effect

Shi, Yarong; Yang, Bo

doi:10.1016/j.sftr.2024.100217

Sustainable Futures

2024

DOI: 10.1016/j.sftr.2024.100217

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The coupling and coordinated development of digital finance and green finance under the vision of “dual carbon” and the examination of carbon emission reduction effect

Yarong Shi,

Bo Yang

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2024

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Cited by 2 publications

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How digital finance and green finance can synergize to improve urban energy use efficiency? New evidence from China

Shi,

Yang

2024

Energy Strategy Reviews

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How digital finance and green finance can synergize to improve urban energy use efficiency? New evidence from China

Shi,

Yang

2024

Energy Strategy Reviews

View full text Add to dashboard Cite

Digital finance and sustainable development: Evidence from developing nations

Bakry,

Nghiem,

Bhatti

et al. 2024

Science Progress

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Objectives This paper investigates the role of digital finance in promoting environmental sustainability within a group of 52 developing economies from 2010 to 2019. Specifically, it examines whether digital finance effectively contributes reducing CO2 emissions in these nations. Methods This paper is a quantitative study which employs the IV-GMM (instrumental variable generalized methods of moment) approach that tackles any potential endogeneity. Furthermore, to ensure robustness of results, this paper also utilizes different measures of financial development. Results Estimation results from this study reveal the presence of inverted U-shaped relationship between digital finance and CO2 emissions. This suggests that the beneficial effects of digital finance may take time to materialize. Additionally, this research also records the presence of the Environmental Kuznets Curve and a significant impact of renewable energy, trade openness, financial development, urbanization, and population on CO2 emissions. Conclusions It can be concluded that it may take time for digital finance to become beneficial to the environment. Therefore, in addition to digital finance, countries should also adopt other measures simultaneously (use of renewable energy, combination between digital finance and financial development).

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The coupling and coordinated development of digital finance and green finance under the vision of “dual carbon” and the examination of carbon emission reduction effect

Cited by 2 publications

References 59 publications

How digital finance and green finance can synergize to improve urban energy use efficiency? New evidence from China

How digital finance and green finance can synergize to improve urban energy use efficiency? New evidence from China

Digital finance and sustainable development: Evidence from developing nations

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