数字金融、技术创新与工业碳排放

Digital finance,technological innovation and industrial carbon emissions innovation

现有文献验证金融发展对碳排放有显著影响,但数字金融这种新兴金融形式对工业碳排放的影响缺乏理论解释。通过构建固定效应模型与基于技术创新的中介效应理论模型,结合2011—2019年的省份面板数据,验证了数字金融、技术创新与工业碳排放强度的关系。结果表明,数字金融与工业碳排放强度呈倒U型曲线关系;数字金融依托技术创新对工业碳排放强度产生先增强后减弱的影响趋势,最终形成工业碳减排效应。我国应大力发展数字金融,借助数字金融服务带动技术创新,实现碳达峰和碳中和。

Existing literatures verify that financial development has a significant impact on carbon emissions,but the impact of digital finance,a new financial form,on industrial carbon emissions lacks theoretical explanation.In this paper,a fixed effect model and a mediating effect theoretical model based on technological innovation are constructed.Combined with provincial panel data from 2011 to 2019,robustness test and U-shaped test are conducted to verify the relationship between digital finance and industrial carbon emission intensity.The results show that there is an inverted U-shaped relationship between digital finance and industrial carbon emission intensity.Relying on technological innovation,digital finance has an influence trend of strengthening industrial carbon emission intensity first and then weakening,which is ultimately beneficial to industrial carbon emission reduction.Peak carbon and carbon neutrality can be achieved by vigorously developing digital finance to promote technological innovation.