Fintech and low-carbon urban development

Ting Zeng and Yuan Jiang

Finance Research Letters, 2025, vol. 79, issue C

Abstract: This study examines financial technology's (FinTech) influence on urban low-carbon development among 276 Chinese cities (2008–2023). Using a dual fixed-effects model, FinTech's positive influence on green total factor energy efficiency is established. Green innovation mediates this relationship while transforming financial capabilities into environmental upgrading. Government environmental consideration strengthens FinTech's effectiveness, establishing background contingency. Heterogeneity analysis shows differential impacts across geographical locales, administrative prestige, and economic forms, with resource-based cities benefiting considerably. The findings improve the theoretical understanding of technology–sustainability relationships, providing practical guidance for incorporating FinTech into distinguished urban sustainability strategies.

Keywords: FinTech; Low-carbon development; Green innovation; Government environmental attention; Urban sustainability (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325004921

DOI: 10.1016/j.frl.2025.107229

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