Digital financial innovation and renewable electrification: A step toward zero carbon nexus

Feifei Cao

Renewable Energy, 2023, vol. 215, issue C

Abstract: This study proposes a new measure of energy diversity. The impact of digital finance innovation effects of green financing (GF), economic growth (EG), renewable energy (RE), inflationary pressures, and geopolitical risks for enhancing sustainability in China were obtained using micro- and macro-level data from 2011 to 2020. A regression prediction method was applied, considering both the direct and indirect relationships between the factor predictions. Our results confirm that major economies experience significant economic growth as long-term energy diversification increases. However, energy diversification has a negative impact as short-term economic development in some nations is negatively affected by. The findings also show that in the medium- and long-term, energy variation does not support financial development in low-income nations. Therefore, additional safety precautions must be taken when diversifying energy sources.

Keywords: Digital financial innovation; Renewable; Carbon nexus; Economic growth; China (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148123008108
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:215:y:2023:i:c:s0960148123008108

DOI: 10.1016/j.renene.2023.118910

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().