A Mechanism for Digital Finance to Drive Green and Low-Carbon Development

Given the global focus on green and low-carbon development and the increasing prominence of digital finance,it is particularly important to explore how to leverage digital finance to achieve these environmental goals.This study,through mechanism analysis,deeply examines how China’s digital finance promotes green and low-carbon development and elucidates the positive interaction between digital finance and the green industry.The study found that digital finance,through more flexible and efficient financial functions,alters the cost structure of carbon emissions,and reduces the risks and costs of green investments,thereby creating a cooperative green mechanism benefiting all parties,and guiding social groups toward a green and low-carbon transformation.Additionally,the rapid development of digital finance has strengthened the implementation of environmental protection policies,effectively promoted the expansion of the environmental protection industry,and established the green ethos as a mainstream concept in financial development.This study aims to provide reference perspectives and suggestions,assist policymakers in promoting the green and lowcarbon development of digital finance,and offer insights into the integrated development of digital finance and the green environmental protection industry.

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.

Impact of Energy Efficiency and Financial Support on Green Upgrading in China’s Industrial Sector

The report from the 20th National Congress of China emphasizes the importance of focusing on the clean,low-carbon,and efficient use of energy,increasing financial support,and promoting green upgrading within the industrial sector.This paper,based on annual data,employs the entropy weight method to construct a comprehensive index reflecting the impact of green upgrading in industrial sectors.To delve deeper,it utilizes the DEA model to measure energy efficiency and its subdivision BCC model to break down energy efficiency into technical and scale efficiency.The financial support landscape is examined from the vantage points of both direct and indirect financing.Using a multivariate time series model,this paper thoroughly investigates the influence of energy efficiency and financial support on the green upgrading of the industrial sector.The findings reveal a significant positive impact of both energy efficiency and financial support on green upgrading in industrial industries.Notably,scale efficiency emerges as the primary driver of energy efficiency.Moreover,indirect financing proves to be more effective in promoting financial support than direct financing.The empirical results retain their robustness even after substituting explanatory variables.The study concludes by contextualizing the research findings within the current real-world scenario,offering practical insights,and proposing specific recommendations.

Industrial transformation and green production to reduce environmental emissions: Taking cement industry as a case

Industrial transformation and green production(ITGP) is a new 10-year international research initiative proposed by the Chinese National Committee for Future Earth. It is also an important theme for adapting and responding to global environmental change. Aiming at a thorough examination of the implementation of ITGP in China, this paper presents its objectives, its three major areas, and their progress so far. It also identifies the key elements of its management and proposes new perspectives on managing green transformation. For instance, we introduce a case study on cement industry that shows the positive policy effects of reducing backward production capacity on PCDD/Fs emissions. Finally,to develop different transformation scenarios for a green future, we propose four strategies: 1) policy integration for promoting green industry, 2)system innovation and a multidisciplinary approach, 3) collaborative governance with all potential stakeholders, and 4) managing uncertainty,risks, and long-time horizons.

Technological innovation paths toward green industry in China

With the environmental carrying capacity reaching its limits and the decreasing margin benefits of traditional production factors, the green transformation and green development through technological innovations has been a major direction for the future development of Chinese industries. However, the characteristics and heterogeneities of various types of industries call for different approaches regarding technological innovations. How to choose the most effective mode of technological innovation according to the characteristics of a certain industry has been a key issue. This paper measures the green total factor productivity of 32 industrial trades using the Slacks Based Measure(SBM)-DDF method. The effects of three innovation modes in the green transformation of industrial industry, including the independent innovation(Ⅱ), the technology introduction(TI), and the government support(GS), are empirically analyzed based on industry heterogeneity. Results indicate that the green total factor productivities of different industries show significant differences if taking into account the energy input and the undesirable output of pollutant emissions. The green total factor productivities of traditional high input,high pollution, and high energy consumption industrial trades were significantly lower than those with obvious green features. The year of 2009 is a leap year for the industrial green transformation in China. For resource-intensive industries, the II and the GS are the important ways to achieve green transformation. For labor-intensive industries, the TI is the best path to achieve green transformation, while for technology-intensive industries, the II is the primary driving force for the promotion of green developments. In addition, the innovation-compensating effect of the current Chinese environmental regulations to the resource-intensive industries has been revealed. Improving the overall scale and the industrial concentration of the industries is also beneficial for the green transformation of the industries.

Technological innovation,market proximity,and China's industrial green development

Due to environmental damage and natural resource scarcity,the promotion of industrial green development to spur the industrial economy is of concern to many countries.We construct a theoretical framework of technological innovation,market proximity,and industrial green development and subsequently test it empirically.First,the results reveal that technological innovation is beneficial to industrial green development;technological innovation has a positive impact on industrial green development in adjacent regions through technology spillover,but human capital spillover has the opposite effect;the international market can effectively promote industrial green development,but the domestic market does the opposite.Second,the interaction between technology spillover,human capital spillover,and domestic and international markets is beneficial to industrial green development.However,the interaction between domestic and international markets imposes an inhibitive effect on industrial green development.Based on the findings,we make recommendations to improve the level of industrial green development.

Industrial Green Spatial Pattern Evolution of Yangtze River Economic Belt in China

We use the directional slacks-based measure of efficiency and inverse distance weighting method to analyze the spatial pattern evolution of the industrial green total factor productivity of 108 cities in the Yangtze River Economic Belt in 2003–2013.Results show that both the subprime mortgage crisis and ‘the new normal' had significant negative effects on productivity growth,leading to the different spatial patterns between 2003–2008 and 2009–2013.Before 2008,green poles had gathered around some capital cities and formed a tripartite pattern,which was a typical core-periphery pattern.Due to a combination of the polarization and the diffusion effects,capital cities became the growth poles and ‘core' regions,while surrounding areas became the ‘periphery'.This was mainly caused by the innate advantage of capital cities and ‘the rise of central China' strategy.After 2008,the tripartite pattern changed to a multi-poles pattern where green poles continuously and densely spread in the midstream and downstream areas.This is due to the regional difference in the leading effect of green poles.The leading effect of green poles in midstream and downstream areas has changed from polarization to diffusion,while the polarization effect still leads in the upstream area.

Global Climate Change and China's Green Development

For China, green industrial revolution induced by global climate change poses not only the greatest challenge, but also the greatest opportunity. In the perspective of China's basic national conditions, and especially its natural conditions, China's green development is the inevitable path of choice for the realization of sustainable development and scientific development. The essence of China's modernization 2050 is green modernization, taking the three-step strategy towards China's own green development and energy conservation and emission reduction. In combination with the 12 th Five Year Plan, its innovative positioning is "green development plan".

Establish Green Industry System,Improve the Comprehensive Utilization Level of Salt Lake Resources,and Create A New Pattern of Green Sustainable Development in Qaidam Basin

Qaidam Basin in Qinghai Province has rich multiple complex resources with salt lakes as the core.These resources form a special condition for the development of green economy,having rare and particular nature.The

Building the Green Industry in Qaidam Basin on the Basis of Multidiscipline Studies of Salinology

Thanks to the efforts on prospecting and exploiting of salt lakes,new cities and towns have grown up in Qaidam Basin,which used to be untraversed deserts and saline and alkaline lands.And these progress have made great

Path of Promoting Industrial Transformation and Upgrading Based on Rural Revitalization:A Case Study of Green Plum Industry in Luhe County of Shanwei City

Taking green plum Industry in Luhe County of Shanwei City in Guangdong Province as an example,this paper made a precise positioning,based on the characteristics of rural tourism resources in Yongchuan Township,took the current situation as the guide and improving the tourism function as the carrier,made an innovation of the rural tourism industry system,in order to improve the quality of rural tourism development,and realize the strategic goal of rural revitalization.

Calculation and Analysis of the Industrial Green Development Index in Hunan Province

In order to realize the purpose of human sustainable development,green development has become a dominant trend in contemporary society. ＂ Green Hunan＂ is the primary slogan of Hunan＇s four cards. Thus,in recent years,what is the practice result of Hunan＇s green development？ Based on the concept of industrial green development index,we selected the related panel data from 14 different cities of Hunan Province in 2012. The energy consumption and carbon emissions were also selected as input indexes,and GDP of secondary industry was used as the output index to build the industrial green development index. The CRS model of DEA was used to calculate and sequence the industrial green development indexes of 14 cities in Hunan Province.

Thoughts and Prospects for Promoting Energy-Saving and Carbon Footprint Reduction in the Non-Ferrous Metal Industry

As the upstream of high-energy consumption industries such as metallurgy and chemical enterprises, the “carbon neutrality” ability of mining and mining enterprises can have a strong influence on the progress of China’s non-ferrous metal industry to achieve the “double carbon” goal. According to the Global Mining Development Report 2021, although mining occupies an important position in global economic development, it also accounts for 4% to 7% of global greenhouse gas emissions. Therefore, as an important part of promoting China’s economic development and energy structure transformation, mining will also face scale adjustment. By investigating and studying the carbon emission sources of mining enterprises at the current stage at home and abroad, the carbon neutrality method that has been implemented in mines, and the future low-carbon technologies to be developed, this paper provides the thoughts and prospects for promoting the development of green mines, as well as the reference value for the transformation of China’s mining industry.

The role of green industrial transformation in mitigating carbon emissions:Exploring the channels of technological innovation and environmental regulation

The industrial sector is vital to economic progress,yet industrial pollution poses environmental and economic concerns.The purpose of the study was to investigate the influence of green industrial transformation in re-ducing Pakistan’s carbon intensity between 1975 and 2020.Carbon emissions are considered an endogenous construct,while foreign direct investment(FDI)inflows,technological innovation,green industrial transforma-tion,environmental legislation,and research and development(R&D)investment are possible mediators.The association between variables is assessed using the robust least-squares approach.Green industrial transforma-tion is connected with lower carbon emissions,yet technical innovation,R&D investment,and inbound FDI raise a country’s carbon emissions.The findings support the pollution haven hypothesis in a country.The causality esti-mates indicate that inward FDI contributes to environmental regulations;green industrial transformation directly relates to inbound FDI and R&D expenditures;and technological innovations correspond to inbound FDI,R&D ex-penditures,industrial ecofriendly progression,and environmental standards.According to the impulse response function,environmental policies are anticipated to have a differential effect on carbon emissions in 2023,2024,2028-2030,while they are likely to decrease in the years 2025-2027 and 2031 forward.Additionally,inward FDI and technology advancements would almost certainly result in a rise in carbon emissions over time.Green industrial transitions are projected to result in a ten-year reduction in carbon emissions.The variance decomposi-tion analysis indicates that eco-friendly industrial adaptations would likely have the largest variance error shock on carbon emissions(11.747%),followed by inbound FDI,technological advancements,and regulatory changes,with R&D spending having a minimal impact over time.Pakistan’s economy should foster a green industrial revolution to avoid pollution and increase environmental sustainability to meet its environmental goals.

Investigating the role of emissions trading policy to reduce emissions and improve the efficiency of industrial green innovation

Rapid economic development usually leads to serious environmental pollution problems.In order to solve the problem of pollutant emission in sustainable industrial development,it is urgent to examine the implementation effect of emissions trading policy(ETP)and its impact on green industrial development.This study adopts China's ETP as a case study and selects provincial panel data from 2004 to 2018.We first use a non-radial,non-directed,slack-based measure-directional distance function(SBM-DDF)to measure industrial green innovation efficiency.Then we use a difference in differences(DID)model to empirically test the emissions reduction effect of China's policy and whether it promotes industrial green innovation.Thereafter,results show that:(1)the ETP reduces sulfur dioxide(SO2)emissions indicating the effectiveness of the policy;(2)the policy significantly improves industrial green innovation efficiency,meaning it promotes the sustainable development of the economy;(3)heterogeneity analysis highlights that ETP produces greater benefits for the most polluted regions of China which have more strict environmental regulations.The study examines the effect of emissions trading policy implementation from a new perspective.The study also provides a reference point for China to further refine its policy mechanisms and for other countries to formulate suitable ETP.

Industrial Greening of the Dongting Lake Eco-economic Zone

Extensive industrial development is a major challenge to ecological civilization construction. Industrial energy consumption and environmental pollution reduction are desperately needed. The Dongting Lake district, located in Wuhan and the Changsha-Zhuzhou-Xiangtan(CZT)pilot zone, bears the responsibility to ensure national food security and watershed ecological security, and it is an urgent need for the Dongting Lake district to accept the ecological transition of industries. On the analysis of the industrial development status and problems of the Dongting Lake district, some proposals based on the characteristics and reality of the district are pointed out, such as industrial cooperation, proper space layout, ecological innovation, industrial structure upgrading, building of ecological parks, clean production, elimination of backward production capacity, heavy metals governance and so on, as to develop the industrial ecology of the Dongting Lake district.

Fuel efficient,environmental protection,green manufacturing The orientation of China's auto industry--experts

Green manufacturing is a new way out for the auto industry—ZHAO Hang, president of CATARC The green manufacturing means a lot, in terms of the manufacturing process, material and techniques. China spares no efforts to producing vehicles and it

Have Industrial Robots Improved Pollution Reduction?A Theoretical Approach and Empirical Analysis

To investigate whether industrial robots have improved the ecological environment,this study integrated the adoption of robot technology and pollution abatement into Melitz's heterogeneous firm model.This showed that using robots in production can lower firms'pollution intensity by increasing their abatement investments,and this reduction effect is greater for higher polluting firms and those subject to weaker local environmental regulations.These theoretical expectations were then confirmed through a series of empirical investigations based on Bartik instrument regressions,with multiple robustness checks as well as heterogeneity and mechanism analyses.This paper adds to the literature on the relationships between automation technologies and green transformation.It shows that in the pursuit of economic growth and environmental protection,it is necessary for policymakers to shift from pollution control to technical support for traditional manufacturing firms.