Synergistic dance of digital economy and green finance on carbon emissions:Insights from China

China has recently implemented a dual-carbon strategy to combat climate change and other environmental issues and is committed to modernizing it sustainably.This paper supports these goals and explores how the digital economy and green finance intersect and impact carbon emissions.Using panel data from 30 Chinese provinces over the period 2011-2021,this paper finds that the digital economy and green finance can together reduce carbon emissions,and conducts several robustness tests supporting this conclusion.A heterogeneity analysis shows that these synergistic effects are more important in regions with low levels of social consumption Meanwhile,in the spatial dimension,the synergistic effect of the local digital economy and green finance adversely impacts the level of carbon emissions in surrounding areas.The findings of this paper provide insights for policymakers in guiding capital flow and implementing carbon-reduction policies while fostering the growth of China’s digital economy and environmental sustainability.

Does green finance drive high-quality economic development?-Based on empirical evidence from China

Green finance,as an important branch of modern finance,has far-reaching significance that is not limited to the financial sector.By promoting green investment and optimizing resource allocation,green finance plays a crucial role in reducing environmental pollution and carbon emissions.At the same time,it can also promote the quality of economic growth and achieve the harmonious development of economy,society and environment.Based on China's provincial panel data from 2008 to 2022,the direct impact and indirect transmission mechanism of green finance on high-quality economic development are analyzed by constructing a dynamic panel model and a mediation effect model.It is found that green finance not only directly promotes the high-quality development of the economy,but also indirectly promotes the sustainable and healthy growth of the economy through the transmission channel of technological innovation.This mediating effect of technological innovation is as high as 78.65%,which shows the close connection between green finance and high-quality economic development.In addition,the study also found that the direct promotion effect of green finance on high-quality economic development has significant regional heterogeneity.The results of this study suggest that when formulating relevant policies,it is necessary to fully consider the actual situation of each region and tailor them to the local conditions to ensure the in-depth promotion of green finance and the overall development of the economy.

Reduction effect of carbon emission and optimisation path of green finance

Under the background of"dual-carbon",green finance is an important way to promote carbon emission reduction and realize the development of a low-carbon economy.Using provincial panel data from 2000 to 2020,this paper constructs a basic regression model to study the"carbon reduction"effect,mechanism of action,and heterogeneity of green finance.The study finds that:the development of green finance significantly inhibits carbon emissions and has an obvious"carbon reduction"effect;green technology innovation has a mediating effect on the carbon emission reduction effect of green finance;in regions with a high level of economic development or a high degree of marketization,the"carbon reduction"effect of green finance is significant.

Green Finance Promotes High-Quality Development of Regional Economy

With the rapid development of the social economy,the role of green finance in promoting the high-quality development of regional economies is increasing day by day.The advancement of green finance not only aids in fostering the green transformation and upgrading of regional economies but also helps mitigate the risks of environmental damage stemming from traditional economic activities.In this new era,it is imperative to embrace the concept of green finance development and innovate green finance practices to further drive high-quality regional economic development.This paper will analyze the significance of green finance in regional economic development,assess the current state of green finance development,and propose optimization strategies for green finance to facilitate high-quality economic development.

Impact of Financial Technology on Regional Green Finance

Finance is the core of modern economy,and a strong country cannot do without the support of financial system.With the rapid development of economy and society,the traditional financial services can not support the increasingly large and complex economic system.As a brand-new format,financial technology can help the financial industry to restructure and upgrade.At the same time,as an international consensus,green development is the only way for China to achieve sustainable development.Therefore,it is of great practical significance to study the impact of finance on the regional development of green finance.Based on the essence of green finance development,fuzzy principal component analysis is used to build the green finance evaluation index system in this paper.Taking the data of three provinces and cities in the Yangtze River Delta from 2015 to 2019 as an example,QAP analysis is used to study the impact of financial tech-nology on the regional development of green finance.Research shows that expla-natory variables are highly significant,that is,financial technology has a significant role in promoting green finance.Finally,based on the research conclu-sions,this paper puts forward suggestions on how green technology can better promote the development of green finance from three aspects of top-level design,technical research and supervision.

The Impact of Green Finance on the Ecologicalization of Urban Industrial Structure-Based on GMM of Dynamic Panel System

Although a number of studies have been published in the general area on various factors affecting the ecologicalization of urban industrial structure,little work has been carried out for empirical studies quantitatively analyzing the relevance between green finance development and the ecologicalization of urban industrial structure.Therefore,based on a comprehensive index of green finance development,this research employs panel data of target cities1 for the period 2012–2020 to explore the influence of green finance on the ecologicalization of urban industrial structure.The empirical results show that green finance development significantly improves the ecologicalization level of urban industrial structure.In addition,it is found that green finance plays a stronger role in promoting the ecologicalization of industrial structure in economically developed regions than in economically underdeveloped regions2.The research results can provide a valuable policy reference for urban green financial market planning and green product innovation.

Empirical Analysis of the Impact of Green Finance and Technological Progress on Total Factor Productivity in China’s Industrial Sector

The enhancement of industrial green total factor productivity is pivotal for achieving high-quality and sustainable economic development.This study assesses China’s performance using the SBM-GML model,employing province-level panel data spanning from 2004 to 2020.Furthermore,we examine the influence of green finance and technological progress on industrial green total factor productivity using a spatial econometric model.The findings uncover that the relationship between the level of green financial development and industrial green total factor productivity follows a U-shaped curve.Initially,low levels of green financial development exert a suppressive effect on industrial green total factor productivity,proving ineffective in the short term.However,with the progression of green finance development,a positive and significant long-term impact on industrial green total factor productivity emerges.Moreover,technological progress demonstrates a noteworthy promotional effect on industrial green total factor productivity.The analysis delves deeper into revealing that industrial structure and environmental regulation intensity exhibit a significant negative relationship with industrial green total factor productivity.In contrast,both energy structure and education level showcase a substantial positive relationship with industrial green total factor productivity.

Regional green finance development and local green innovation:Evidence from a quasi-natural experiment of green bond issuance in China

Based on provincial panel data in China from 2008 to 2019, this research takes the issuance of China's green bond as a quasi-natural experiment to explore whether China's regional green finance development promotes local green innovation by using the multi-period DID model. The results show that the regional green financial development can promote local green innovation, and the rapid growth of the green bond market driven by policy does improve environmental sound technology innovation. The promotion of regional green finance development to local green innovation is related to the funds allocation of green credit,but not to the issuance scale of green bonds, according to further analysis, because China's development pattern can lead to a lack of endogenous market power and low credit resource allocation efficiency. In addition, the issuance of green bonds can effectively promote the allocation of green credit funds, thus enhancing the local green innovation level, but it can't reduce local carbon emissions through promoting green innovation. Therefore, the government should strengthen the green finance implementation assessment mechanism, taking into account the heterogeneity of regions and enterprises, complete the green finance monitoring and disclosure system, and increase the rate of green technology conversion.

Adoption of green finance and green innovation for achieving circularity:An exploratory review and future directions

There is growing attention from governments and regulators towards crucial matters such as climate change and global warming,resulting in a pressing need to investigate the factors that make it possible for businesses to engage in green finance(GF).The externality of environmental pollution prioritizes the need of green innovation(GI)in public management.GF distributes financial resources to the research and development(R&D)of clean energy and environmentally friendly goods and processes;it is complementary to the GI process for environmental protection.GF policies help to alleviate the impacts of financial constraints and GI impaired industries involving new products,processes,services and the global market.To better understand how GF and GI have functioned as a catalyst for circular economy practices,this paper seeks to present a historical and contemporary overview of these concepts.The research is thoroughly dissected by a systematic literature evaluation of articles from 2016 to 2023 that appear in peer-reviewed journals and are indexed in the SCOPUS database.To attain supply chain circularity,this article encompasses four major research themes concerning the adoption of GF and green technologies.The research also includes a network analysis of shortlisted articles to examine the overall citation trends.It is shown that several institutional theories are associated with the investigated area.As a final step,a framework is provided to illustrate how GF and GIs might be used to achieve supply chain circularity.The research findings provide a novel concept related to GF within the context of GI which are significant for environmentalists,policymakers,green investors,and researchers.Through its findings,the study provides a conceptual framework that promotes sustainable strategies to effectively balance financial considerations and environmental innovation.It helps to leverage the potential of green research and practice to create value for businesses and to benefit society at large.The analysis provides an unexplored and significant contribution to current literature in terms of delivering evidence of the past and present approaches to GF and GI in a circular economy.The results of this study will attract the attention of policymakers and stakeholders to develop and combine the two concepts in research and practice to attain environmental balance in the circular economy and to promote long term sustainability.

Reducing carbon emissions with Geoscience solutions:A look at the contributions of nuclear energy,technology,and green finance

Standards for Low-Carbon Energy Portfolios(LC-EPS)mandate that a certain percentage of a region's electricity generation originate from zero-or low-emissions sources.From 1995Q1 through 2020Q4,the study used the ARDL-Bounds testing technique to estimate coefficient parameters,Granger causality to draw causal inferences,and variance decomposition analysis to anticipate the factors that will have the greatest impact on carbon emissions in the US economy.Nuclear power significantly impacts carbon emissions,as seen by an inverted U-shaped environmental Kuznets curve,whereas long-term impact of innovation leads to lower emissions.On the other hand,exports of sophisticated technology reduce carbon emissions.Economic growth has a discernible effect on carbon emissions,nuclear power,innovation,and environmentally friendly financing.High-tech exports will likely impact carbon emissions most,followed by a demand for nuclear power,innovation,economic expansion,and sustainable finance for the next ten years.These results give policymakers helpful insight into how the US economy may reduce carbon emissions and fight climate change via renewable energy and green finance.

The impact of green finance,eco-innovation,renewable energy and carbon taxes on CO_(2) emissions in BRICS countries:Evidence from CS ARDL estimation

A sharp increase in economic and human development has multiplied the carbon intensity due to which there is a significant need of effective strategies in order to curb carbon emissions.Thus,the present study aims to examine the effective of green finance,eco-innovation,renewable energy output(REO),renewable energy consumption(REC),and carbon taxes on carbon dioxide(CO_(2))emissions in BRICS countries in the time of 2001-2020.Cross-sectional autoregressive distributed lag(CS ARDL)is used to test the connection among the variables.Empirical estimations of CS-ARDL approach validates the effectiveness of green finance,eco-innovation,REO,REC,carbon taxes,and industrialization as the relationship of these factors with carbon emissions is negative in nature in BRICS economies.Based on the evidences,the study recommends the formulation of environmentally friendly practices and advancement in green finances to mitigate carbon emissions.

Green finance,fintech and environmental protection:Evidence from China

This paper is one of the first to offer a comprehensive analysis of the impact of green finance related policies in China,utilizing text analysis and panel data from 290 cities between 2011 and 2018.Employing the Semi-parametric Difference-in-Differences(SDID)we show that overall China's green finance related policies have led to a significant reduction in industrial gas emissions in the review period.Additionally,we found that Fintech development contributes to the depletion of sulphur dioxide emissions and has a positive impact on environmental protection investment initiatives.China is poised to be a global leader in green finance policy implementation and regulators need to accelerate the formulation of green finance products and enhance the capacity of financial institutions to offer green credit.While minimizing the systemic risk fintech poses,policy makers should encourage fintechs to actively participate in environmental protection initiatives that promote green consumption.

Analysis of Green Technology Upgrading Strategy Based on Collaborative Incentive of Environmental Policy and Green Finance

With the continuous development of economy, the bottleneck problem of environmental resources has become increasingly prominent. Enterprise environmental governance technology innovation incentive has become an important issue for the development of government, society and enterprises. Under the control of enterprise's expected economic target, this paper discusses the synergistic incentive effect of environmental policy and green finance on enterprise's environmental governance technology innovation decision by using nonlinear programming model. The results show that when the funds for environmental governance technological innovation are insufficient, there is an optimal decision space to use green financial loans to implement technological innovation and upgrade, and then achieve the expected economic goals;Under a given level of environmental governance technology, environmental policies affect whether enterprises can make decisions on technological innovation and upgrading of environmental governance;Green financial mechanism will not. However, when the enterprise makes the decision of environmental governance technology upgrading, it will affect the enterprise's decision on green financial loan amount. The results of the study have guiding significance for the formulation of environmental policy and green financial policy, as well as the decision-making of enterprise environmental governance technology innovation and upgrading.

Green Finance and Green Innovation of Enterprises

Against the backdrop of the carbon neutrality strategy,the key issue remains how green finance can boost enterprise green innovation and social transformation.The paper introduces the policy of Pilot Zones forGreen FinanceReform and Innovations("the PZGFRI Policy")announced in 2017 as a quasi-natural experiment and probes into whether green finance has a significant impact on enterprise green innovation as well as its mechanism based on the green patent data of China's A-share listed companies in the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2012 to 2019.The paper reaches the conclusion that the PZGFRI Policy has significantly promoted the green innovation of enterprises.In terms of heterogeneity of enterprise characteristics,it generates greater impacts on non-polluting firms,large-scale enterprises,and state-owned companies.For the heterogeneity of the financial environment,the PZGFRI Policy provides more benefits for those in regions with less competitive banks.As for the mechanism,green finance advances enterprise green innovation by increasing the proportion of long-term loans of enterprises and improving their debt structure.However,evidence related to financing cost channels has not yet been found.Continued improvement of the green financial system is preferred.Further,green finance should be encouraged to play an important role in the green transformation of society,the realization of carbon neutrality goals,and long-term ecological conservation.

Current Status of Green Financing in Korea and Political Implications

This research shows the current status and the future prospects of green financing in Korea. Green financing is currently on the initial stage in Korea, just like the green growth policy. Thus, banks are contextually not willing to invest or loan in the green technology or industry for profitability, because the high uncertainty （risk） exists and because Korean people have little concern on green financing, though they have recognized the necessity of green growth. Therefore, the reinforcement of government＇s role is suggested in this research. The public financial agencies are now very important in popularizing the green financing in Korea, and the most effective policy will be the credit guarantee for green technologies or companies provided by public agencies, as shown in the financing policy for the small and middle enterprises. Regarding public efforts, banks should try to perform green financing for both their own profitability and social benefit together with the step-by-step approach, according to the growth stage of green industry and green financing.

STATION POINTE GREENS-THE JOURNEY TO NET ZERO AFFORDABLE HOUSING

INTRODUCTION Station Pointe Greens,a proposed 219-unit residential and commercial development,promises to be one of the most leading edge Passive House Certified Developments in North America.However,an innovative project such as this requires much time and research,and this project being no exception,it is still in its research and design phase.Its story began in 2008 when the City of Edmonton issued a request for proposals from developers regarding improvement of a brownfield site in Belvedere.This was done as part of the City’s redevelopment initiative for an area which was in dire need of revitalization.The Communitas Group saw a huge opportunity to develop a large-scale multi-family project immediately adjacent to a light rail transit and bus hub.And so the vision of an affordable and sustainable housing project began to take shape.Communitas had already tested the‘green’construction waters on previous projects,most notably Grandin Green,a 15-storey high-rise which was the first Canadian project to qualify for the Federal CBIP grant(25%more energy efficient than required by the Model National Energy Code for Buildings).However,they had never attempted anything as bold and leading edge as Station Pointe Greens.Their goal from the outset was to build one of the greenest multi-family housing cooperative complexes in North America.And like most developers,Communitas wanted to build it with as little‘green’premium as possible.This was,after all,to be affordable housing.

Does nuclear energy reduce carbon emissions despite using fuels and chemicals?Transition to clean energy and finance for green solutions

Green power conversion is the shift away from traditional fuels towards clean energy sources such as nuclear power plants,hydroelectric dams,wind farms,and solar panels.This research examines the impact of clean energy demand and green financing on reducing carbon emissions in 29 economies in Europe and Asia from 2007 to 2020.The study used a two-step differenced GMM estimator for the available data set spanning 2007 to 2020.The study found that rising demand for nuclear power helps to achieve a carbon-neutral agenda,but insufficient funding for renewable energy leads to higher carbon emissions.The research suggests increasing investment in nuclear energy and green financing can improve regional environmental quality.The study found a causal link between fuel imports,nuclear power and regional growth.It also determined that fuel imports,chemical use,green financing and the need for nuclear energy will likely impact regional environmental quality.The research recommends allocating more resources toward innovation to boost energy efficiency and expanding investment in renewable and nuclear energy production industries via green finance.The study also highlights the need to encourage the development of renewable energy sources to cut carbon emissions and establish a sustainable society.

Infrastructure for China＇s Ecologically Balanced Civilization

China＇s green investment needs up to 2020 are ￥1.7 trillion-2.9 trillion CNY （$274 billion-468 billion USD） per year. Estimates of financing requirements are provided for multiple sectors, including susainable energy, infrastructure （including for environmental protection）, environmental remediation, industrial pollution control, energy and water efficiency, and green products. The context to China＇s green financing is discussed, covering urbanization, climate change, interactions between infrastructure sectors, and the transformation of industry. Much of the infrastructure financing will occur in cities, with a focus on equity, environmental protection, and quality of life under the National New-Type Urbanization Plan （2014-2020）. China has implemented many successful policies in the building sector, but there is still considerable scope for improvement in the energy efficiency of Chinese buildings. China is currently pursuing low-carbon growth strategies that are consistent with its overall environmental and quality-of-life objectives. Beyond 2020, China＇s future as an ecologically balanced civilization will rest on the implementation of a central infrastructure policy： China 2050 High Renewable Energy Penetration Scenario and Roadmap Study. As exemplified by the Circular Economy Development Strategy and Near-Term Action Plan, an essential part of China＇s green industrial transformation involves engineering systems that conserve materials, thereby reducing or even eliminating wastes. To better understand changes to China＇s economy under its green transformation and to unlock large potential sources of finance, it is necessary to undertake a fuller examination of all of China＇s infrastructure sectors, particularly freight rail infrastructure and ports. Large investments are required to clean up a legacy of environmental contamination of soil and groundwater and to reduce industrial pollution. Transformation of the power sector away from coal will avoid some industrial treatment costs. The contribution of engineers in planning, designing, and constructing China＇s new green infrastructure will be furthered by understanding the broad policy context and the interactions between land use, infrastructure, and environmental performance.

Does enterprise digitization reduce carbon emissions? Evidence from China

The digital transformation and expansion of businesses will provide China’s low-carbon economic develop‐ment strategy with fresh impetus in the backdrop of the emerging digital economy and environmentally friendly growth.This article measures the level of enterprise digitization using two methods:the enterprise digitization index and text analysis word frequency statistics.Additionally,carbon emissions are obtained by measuring various types of emissions according to the carbon emission classification range standard.To ac‐count for endogeneity and unobservable variables,relative indicators,such as the rate of increase for company emissions of carbon,are utilized.Using microdata from Chinese listed firms from 2011 to 2021,this study ex‐amines the implications of corporate digitization on enterprise carbon emissions.This study further analyzes the transmission mechanism and investigates the function of green finance in controlling corporate digitiza‐tion and reducing corporate carbon emissions by distinguishing between two types of green patents.Research shows that businesses’carbon emissions are greatly reduced as a consequence of getting digital.Even after performing several robustness and endogeneity tests,the conclusion still remains valid.According to mecha‐nism analysis,which demonstrates that the main strategy for reducing corporate emissions of carbon through the digitalization of enterprises is to promote innovation in green technology.The regulation of green finance in enterprise digitalization will further reduce corporate carbon emissions.According to the analysis of hetero‐geneity,state-owned businesses and those situated in areas with stringent environmental regulations are more significantly impacted by enterprise digitization on corporate carbon emissions.This article discusses the mechanism of promoting corporate carbon emissions through digitalization,expands on relevant research on corporate digitalization,and analyzes the achievable paths of corporate digitalization and low-carbon develop‐ment strategies.

Datamining and Its Applications

Artificial intelligence and machine learning are widely applied in all domain applications today,including noncontact vital sign monitoring,data mining and denoising,data analysis,and application as traffic simulation and green finance.We briefly introduce the noncontact vital sign monitoring using video data and the solutions to this problem supplied by Artificial intelligence and machine learning.Then,we present the five papers selected in the related areas for this journal issue.