| 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 |
|
| DOI |
10.1016/j.energy.2022.123922 |
| 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. |
| Author Keywords |
Financial inclusion; CO2 emissions; Moderating and mediating effects; Energy efficiency; China |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000798561400007 |
| WoS Category |
Thermodynamics; Energy & Fuels |
| Research Area |
Thermodynamics; Energy & Fuels |
| PDF |
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