Digital Economy, Green Dual Innovation and Carbon Emissions

Yu Zhang, Xiaomeng Liu and Jiaoping Yang ()
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Yu Zhang: School of Economics and Management, Qingdao University of Science and Technology, 99 Songling Road, Qingdao 266061, China
Xiaomeng Liu: School of Economics and Management, Qingdao University of Science and Technology, 99 Songling Road, Qingdao 266061, China
Jiaoping Yang: School of Economics and Management, Qingdao University of Science and Technology, 99 Songling Road, Qingdao 266061, China

Sustainability, 2024, vol. 16, issue 17, 1-26

Abstract: The digital economy serves as a pivotal catalyst for sustainable and eco-friendly development. This study employs a suite of advanced econometric models, including the fixed effects, mediation, threshold and moderation model, to elucidate the intricate dynamics by which the digital economy influences carbon emissions through the lens of green innovation. Building on the existing research on digital economy, green technology innovation and carbon emissions, this paper takes a dual-innovation perspective and divides green technology innovation into disruptive green technology innovation and incremental green technology innovation. And from the government and the public level, it explores how social concerns affect the effect of digital economy on carbon emissions. The analysis is grounded in a comprehensive dataset encompassing a decade of provincial-level data from 2011 to 2021 across China’s 30 provinces. The benchmark regression outcomes indicate the digital economy’s ability to substantially cut down carbon emissions; the threshold effect and mediating effect models demonstrate that a single-threshold effect exists and that disruptive and progressive green technological innovations mediate such ability. Additional research reveals that the digital economy’s impact on carbon emissions could be positively moderated by public and governmental attention. Eastern and western regions in China, as well as those with high levels of foreign investment and low levels of technological transaction activity, are more affected by the digital economy in terms of carbon emission reduction. Our conclusions offer practical recommendations for digital economy’s coordinated advancement and carbon emissions mitigation, and guide local governments to achieve sustainable development goals (SDGs).

Keywords: digital economy; green dual innovation; carbon emissions; government attention; public attention (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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