Impact of Digital Finance on Energy Efficiency in the Context of Green Sustainable Development

被引:23
|
作者
Yang, Chengying [1 ]
Masron, Tajul Ariffin [1 ]
机构
[1] Univ Sains Malaysia USM, Sch Management, George Town 11800, Malaysia
关键词
digital finance; sustainable development; energy efficiency; energy saving and environmental protection; green finance; SYSTEMS; HEALTH; MODEL;
D O I
10.3390/su141811250
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Limited by ecological conditions, in order to improve the innovation efficiency concerning energy, a change from "extensive" to "green" is required. The development of sustainable technology is the most important productive force. Economic development is centered on finance. Only by mutual penetration and interaction can China's energy innovation be effectively promoted. "Green GDP (Gross Domestic Product)" is the main direction of China's current economic development. A sustainable green digital economy is the primary condition for promoting energy efficiency, and it is the key to improving energy efficiency in China to achieve a green transition. Green finance for sustainable development refers to economic finance centered on energy conservation, environmental protection and technological innovation. Attention is constantly paid to the financial industry in China, and we are trying to combine the concept of environmental protection with financial development to promote the continuous development of China's environmental protection economy. A company's economic and environmental benefits will be improved from the point of view of improving resource conservation and reducing the environmental impact of equipment and processes. To achieve this goal, the "efficiency effect" of the financial system needs to be fully exploited to maximize energy efficiency. An empirical study about the relationship of financial performance and energy efficiency in the green sector is carried out while considering the environmental constraints. The results show that the expansion of the financial scale and the adjustment of the financial structure have increased the energy utilization efficiency by more than 15% from the past to the present and reduced the pollution of the ecological environment by more than 10% nationwide, realizing the effective allocation of resources. Digital finance is a new generation of financial services that combines the Internet and information technology with traditional financial service formats. Including Internet payment, mobile payment, online banking, financial service outsourcing and online loans, online insurance, online funds and other financial services. Therefore, the sustainable development of all aspects of finance has a huge catalytic effect on the doubling of energy utilization efficiency.
引用
收藏
页数:17
相关论文
共 50 条
  • [1] Impact of green finance on green energy efficiency: A pathway to sustainable development in China
    Zhao, Xingqi
    Zeng, Boya
    Zhao, Xueshu
    Zeng, Sheng
    Jiang, Songyu
    [J]. JOURNAL OF CLEANER PRODUCTION, 2024, 450
  • [2] The impact of green finance on renewable energy development efficiency in the context of energy security: Evidence from China
    Zhou, Fangkezi
    Pan, Yinghao
    Wu, Jie
    Xu, Chengzhen
    Li, Xingchen
    [J]. ECONOMIC ANALYSIS AND POLICY, 2024, 82 : 803 - 816
  • [3] The impact of sustainable finance development on energy efficiency in emerging economies
    Liu, Xing
    Lan, Minghui
    Wang, Xiaonan
    Zhang, Yongji
    Su, Zhi
    [J]. FRONTIERS IN ENVIRONMENTAL SCIENCE, 2023, 11
  • [4] A Study on the Impact of Digital Finance on the Efficiency of Urban Green Economy Development
    Wu, Gongliang
    Cai, Yueling
    [J]. POLISH JOURNAL OF ENVIRONMENTAL STUDIES, 2024, 33 (03): : 3431 - 3441
  • [5] The dynamic impact of green finance and renewable energy on sustainable development in China
    Chen, Jiahui
    Li, Lun
    Yang, Dechun
    Wang, Zuogong
    [J]. FRONTIERS IN ENVIRONMENTAL SCIENCE, 2023, 10
  • [6] Sustainable development pathways: Exploring the impact of green finance on urban metabolic efficiency
    Han, Jie
    Zhang, Wei
    Isik, Cem
    Zhao, Wenju
    Anas, Muhammad
    Zheng, Qinglan
    Xie, Danxi
    Bakhsh, Satar
    [J]. SUSTAINABLE DEVELOPMENT, 2024,
  • [7] Exploring the Role of Educational Human Capital and Green Finance in Total-Factor Energy Efficiency in the Context of Sustainable Development
    Ma, Wenxuan
    [J]. SUSTAINABILITY, 2023, 15 (01)
  • [8] Green finance: The catalyst for artificial intelligence and energy efficiency in Chinese urban sustainable development
    Zeng, Ming
    Zhang, Weike
    [J]. ENERGY ECONOMICS, 2024, 139
  • [9] Analysis of Markets and Development Trends of Green Energy Efficiency Technologies in The Context of Sustainable Development
    Vasiutina, Ekaterina
    Kashtanova, Mariya
    Erokhin, Sergey
    [J]. EDUCATION EXCELLENCE AND INNOVATION MANAGEMENT: A 2025 VISION TO SUSTAIN ECONOMIC DEVELOPMENT DURING GLOBAL CHALLENGES, 2020, : 5717 - 5724
  • [10] Research on the Impact of Green Finance and the Digital Economy on the Energy Consumption Structure in the Context of Carbon Neutrality
    Yang, Tao
    Wang, Rong
    Chapman, Andrew John
    [J]. SUSTAINABILITY, 2023, 15 (22)