Digital innovations and green finance: accelerating carbon neutrality in enterprise sustainability
Year: 2024
Type: article
Abstract: Green finance (GF) is a pivotal driver for enhancing carbon-neutrality, ultimately fostering the sustainable development of enterprises.Drawing upon provincial panel data spanning 2007 to 2017, this study examines the impact of GF on carbon-neutrality and its mechanisms.The empirical findings highlight GF's significant positive influence on achieving carbon-neutral goals, a relationship that withstands varying research methodologies.This analysis uncovers disparities in GF's effectiveness in attaining these objectives, as well as spatial spillover effects.Notably, GF's promotion of carbon-neutral goals follows a nonlinear pattern, emphasising the complexity of the relationship.Additionally, green innovation emerges as a mediating force within the GF-driven process of carbon neutralisation (CN).These conclusions hold important policy implications for expediting CN realisation and improving global climate conditions, ultimately contributing to the sustainable development of enterprises.
Authors: Li Han, Congcong Duan, Zhenfei Yao
Language: English
Subfield: Finance
Domain: Social Sciences
SDG: Climate action
Open Access status: bronze
OpenAlex ID: W4405000178