Digital Financial Inclusion,Energy Structure Transformation,and Carbon Emissions:From the Perspective of Spatial Spillover
To explore the influence and mechanism of the development of digital financial inclusion on regional carbon emission intensity,this paper makes an empirical analysis by using the double fixed effect model,the intermediary model,and the dynamic spatial Durbin model with the panel data of 30 provinces(excluding Hong Kong,Macao,Taiwan,and Xizang)in China from 2011 to 2020.The research results show that the development of digital financial inclusion can directly reduce the carbon emission intensity and also indirectly inhibit it by promoting energy structure transformation.In the short term,the development of digital financial inclusion in a province has a significant negative spillover effect on its carbon emission intensity,while the development of digital financial inclusion in its neighboring provinces has a positive spillover effect on its carbon emission intensity.Therefore,for promoting carbon emission reduction and achieving the goals of peak carbon emissions and carbon neutrality,it is necessary to give full play to the advantages of digital financial inclusion in optimizing resource allocation,promoting enterprise competition,and improving resource utilization efficiency.
digital financial inclusionenergy structure transformationcarbon emissionsspatial spillover effect