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RESEARCH ON THE IMPACT OF DIGITAL INCLUSIVE FINANCE ON CARBON EMISSION INTENSITY - AN EMPIRICAL TEST BASED ON CHINESE DATA

Yi Li

Department of Economics and Finance, Xi 'an International Studies University, China

Jiahe Cheng

Department of Economics and Finance, Xi 'an International Studies University, China

Corresponding Author: Jiahe Cheng Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Abstract

Using the provincial panel data from 2011 to 2021, the paper constructs carbon emission intensity indicators according to ten energy sources, and uses the fixed effect model and mediation effect model to empirically test the impact of digital inclusive financial development on carbon emission intensity and its impact path. The results show that the development of digital financial inclusion has a significant negative effect on carbon emission intensity. The optimization and adjustment of industrial structure can effectively reduce carbon emission intensity; further heterogeneity test shows that digital financial inclusion has the most significant effect on carbon emission suppression at the 60% quantile point; digital financial inclusion has the greatest effect on carbon emissions in the central and eastern regions The negative impact of emissions is the most significant, and the impact coefficient in the central region is greater than that in the eastern region, while the negative effect in the western region is not significant; the coverage, depth of use, and degree of digitalization of the secondary indicators of digital financial inclusion have an average effect on carbon emission intensity. It has a significant negative impact, specifically manifested in the strongest depth of use, followed by the breadth of coverage, and the weakest degree of digitization. 

Key words: digital inclusive finance, carbon emission intensity, intermediary effect, technological innovation, industrial structure optimization and adjustment