The Impact of Fintech on Urban Carbon Emission in China and the Role of Government Behavior
The rapid development of financial technology provides a new way to reduce urban carbon emissions in China under the background of"Carbon Peaking and Carbon Neutrality".Based on the panel data of 255 cities in China from 2011 to 2020,this paper empirically tests the impact of fintech on urban carbon emissions,and further discusses the heterogeneous impact of government behavior.The findings show that fintech significantly reduces urban carbon emissions,and that fintech can bring about the structural effects(financial structure optimization,industrial structure upgrading and consumption structure upgrading)that help reduce urban carbon emissions.In cities where the government pays more attention to consumption structure upgrading and less attention to industrial structure upgrading,and where financial pressure is lower,fintech has a stronger impact on reducing urban carbon emissions.These conclusions provide important empirical evidence and policy reference for fintech to enable the development of real economy and effectively reduce urban carbon emissions.
NETL
NSTL
万方数据
