| Title | Can financial inclusion facilitate carbon neutrality in China? The role of energy efficiency |
|---|---|
| ID_Doc | 32986 |
| Authors | Dong, JJ; Dou, Y; Jiang, QZ; Zhao, J |
| Title | Can financial inclusion facilitate carbon neutrality in China? The role of energy efficiency |
| Year | 2022 |
| Published | |
| Abstract | With the vigorous popularization of inclusive finance, its carbon emission-reduction effect deserves great attention. For this purpose, we check the spatial effect of financial inclusion on carbon dioxide (CO2) emissions by building a composite index of financial inclusion. After conducting a series of robust tests, we also examine how energy efficiency adjusts and affects the financial inclusion-CO2 nexus. The primary findings highlight that: (i) China's financial inclusion is positively correlated with the greenhouse effect; in other words, increased inclusive finance cannot facilitate carbon emission reduction; (ii) the interaction and synergy between energy efficiency and financial inclusion can effectively weaken the promotion effect of financial inclusion on carbon emissions and enhance the reduction effect of energy efficiency; and (3) in addition to the direct effect, China's financial inclusion can also facilitate green-house effect by impeding the innovation of energy technologies. Following the three results, we propose the corresponding policy implications. (c) 2022 Elsevier Ltd. All rights reserved. |
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