Knowledge Agora



Scientific Article details

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
DOI 10.1007/s11356-023-30371-5
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.
Author Keywords Digital finance; Renewable energy; Sustainable energy; Blockchain
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Science Citation Index Expanded (SCI-EXPANDED)
EID WOS:001102610400012
WoS Category Environmental Sciences
Research Area Environmental Sciences & Ecology
PDF
Similar atricles
Scroll