| Title | How does digital finance encourage the use of renewable energy in China? Inverse relationships from green finance |
|---|---|
| ID_Doc | 62514 |
| Authors | Sun, J |
| Title | How does digital finance encourage the use of renewable energy in China? Inverse relationships from green finance |
| Year | 2023 |
| Published | Environmental Science And Pollution Research, 30, 57 |
| Abstract | A promising approach forfacilitating China's shift towards renewable energy sources entails combining digital finance and green financing. The present research investigates the supply chains and reverse logistics of significant financial indices, including the S&P Green Bond Index, the MSCI Global Markets Index, and the S&P Global Renewable Energy Index. The analysis encompasses the period from the creation of these indices on September 28, 2008, through January 12, 2022. To minimize risk, portfolios have increasingly adopted diverse indices, such as the S&P Global Clean Energy Index and the S&P Green Bond Index. This study investigates the intricate relationship between green financing and digital finance, shedding light on their combined impact on the uptake of renewable energy in China. This study examines the role of digital financial technologies, including blockchain, mobile payment systems, and big data analytics, in enhancing the accessibility of green financing choices for renewable energy projects. A comprehensive analysis of existing literature and empirical research is conducted to achieve this objective. The results emphasize the significant progress in improving financial inclusion, risk management, and transparency by integrating green financing and digital finance. As mentioned earlier, the enhancements have significantly enhanced the level of trust and assurance among investors operating within the renewable energy industry. Moreover, the report highlights the crucial need for continuous governmental backing and financial investments in digital financial infrastructure to drive China towards a more environmentally friendly and sustainable energy framework. |
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