Digital finance, regional innovation environment and renewable energy technology innovation: Threshold effects

Boqiang Lin () and Aoxiang Zhang

Renewable Energy, 2024, vol. 223, issue C

Abstract: The correlation between renewable energy technology innovation (RENTI) and carbon neutrality has been studied extensively. Meanwhile, an efficient digital financial system and a favorable innovation environment are essential to promote RENTI. This paper examines the effects of digital finance and the regional innovation environment on RENTI using panel data from 31 Chinese provinces spanning 2011 to 2020. The findings demonstrate that digital finance directly promotes RENTI. The marginal effect of digital finance is more significant for eastern regions and regions with developed finance. The threshold effect analysis shows that the positive impact of digital finance on RENTI reaches a higher level when government financial support and ICT development exceed a certain threshold. In addition, appropriate levels of human capital are conducive to the positive impact of digital finance. Finally, we find that digital finance promotes local RENTI and benefits RENTI in neighboring regions. Our findings offer insights for policymakers to guide digital finance to support RENTI and optimize the innovation environment.

Keywords: Digital finance; renewable energy technology innovation; Regional environment innovation environment; Threshold effect (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148124001010
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:223:y:2024:i:c:s0960148124001010

DOI: 10.1016/j.renene.2024.120036

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 ().