经济学院知识库

作为世界上最大的发展中国家，我国在世界经济史上创造了举世瞩目的成就，但以资本和劳动投入为主的“粗放型”经济发展方式也带来了巨大的环境压力。为了实现高质量发展，我国正在努力向低碳化的经济发展方式转型，而金融作为促进实体经济高质量发展的引领性产业，在倡导低碳经济发展的导向下，也进行了自上而下的改革，其中，数字金融作为金融发展的重要内容，是将数字技术与传统金融业务相结合的新型金融发展模式，其绿色和普惠的特性对我国低碳经济发展具有重要作用，使得金融成为经济可持续发展的重要保障。因此，研究数字金融与碳排放之间的关系对实现双碳目标和经济高质量发展具有重要意义。

本文首先基于相关理论，从创新效应、结构效应以及规模效应三方面深入分析了数字金融对碳排放的作用机制。其次，对我国数字金融与碳排放的发展现状进行分析，并运用对比分析法研究了不同数字金融水平下城市碳排放强度的差异。再次，运用双向固定效应模型进行实证检验，得出如下结论：(1)数字金融对城市碳排放有显著的负向影响，前者每扩大1%，后者将降低0.058%；(2)数字金融可以通过创新效应、结构效应和规模效应三种途径对城市碳排放产生影响；(3)随着数字金融的不断发展，数字金融对城市碳排放的抑制作用逐渐增强；(4)东部、中部地区和城市群内，数字金融对城市碳排放表现为显著的抑制作用，西部地区和非城市群城市表现为促进作用。最后，依据实证分析的结果，为数字金融进一步促进城市碳减排提出相应的对策建议。具体的对策建议为：打牢技术根基，深化数字金融服务能力；发挥数字金融普惠优势，助力企业创新发展；增强绿色产业金融扶持，推动产业结构升级；因地制宜，充分发掘数字金融红利。

As the world's largest developing country, China has made remarkable achievements in the world economic history, but the "extensive" economic development mode based on capital and labor input has also brought great environmental pressure. In order to achieve high-quality development, China is striving to transform to a low-carbon economic development mode, and finance, as a leading industry to promote the high-quality development of the real economy, has also carried out top-down reform under the guidance of advocating low-carbon economic development, among which, digital finance as an important content of financial development, is a new financial development model combining digital technology with traditional financial business, and its green and inclusive characteristics play an important role in the development of China's low-carbon economy. Make finance an important guarantee for sustainable economic development. Therefore, studying the relationship between digital finance and carbon emissions is of great significance to achieving the dual carbon goal and high-quality economic development.

Based on relevant theories, this paper first analyzes the mechanisms of digital finance on carbon emissions from three aspects: innovation effect, structural effect and scale effect. Secondly, the development status of digital finance and carbon emissions in China is analyzed, and the comparative analysis method is used to study the differences in urban carbon emission intensity under different digital finance levels. Thirdly, the two-way fixed-effect model is used to empirically test and conclude that (1) digital finance has a significant negative impact on urban carbon emissions, and for every 1% expansion of the former, the latter will decrease by 0.058%; (2) Digital finance can have an impact on urban carbon emissions through three ways: innovation, structural and scale effects; (3) With the continuous development of digital finance, the inhibitory effect of digital finance on urban carbon emissions has gradually increased; (4) In the eastern and central regions and urban agglomerations, digital finance has a significant inhibitory effect on urban carbon emissions, while in western regions and non-urban agglomeration cities has a promoting effect. Finally, based on the results of empirical analysis, corresponding countermeasures and suggestions are put forward for digital finance to further promote urban carbon emission reduction. Specific countermeasures and suggestions are: laying a solid technical foundation and deepening digital financial service capabilities; Give full play to the advantages of digital financial inclusion and help enterprises innovate and develop; Strengthen financial support for green industries and promote industrial structure upgrading; Adapt measures to local conditions and fully explore the dividends of digital finance.