Research on the impact of digital finance on greener emissions based on the fixed effect model with panel data

Abstract

With the rapid development of big data, artificial intelligence and cloud computing, digital finance is becoming more and more popular. Based on the fixed effect model and using the panel data of 260 cities from 2011 to 2019, this paper focuses on the relationship between the development of digital finance and carbon emission reduction. The study found that the development of digital finance has significantly promoted carbon emission reduction, and the coverage and depth of digital finance also have a significant role in promoting carbon emission reduction. At the same time, this paper finds that the development of digital finance can help reduce carbon emissions by improving the efficiency of pollution control.