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The Guidelines on Building a Market-Oriented Green Technology Innovation System, which was released by China in 2019, has become a powerful signal to guide the development of green technology innovation (GTI). In the current digital strategy of China, the public media has become a key factor for promoting the transparency of enterprise environmental information. This paper measures the GTI efficiency of the listed paper enterprises in China as well as incorporating media attention into the research framework to explore the influencing factors of GTI of the listed paper enterprises in China during the digital economy era. The results showed that a positive media report had a positive impact on GTI and has become a new driving factor in promoting sustainable production in the digital era. Government support and openness also have a positive impact on GTI. However, negative media reports, environmental regulations, and technological innovation abilities have an inhibitory effect on the GTI efficiency of paper making enterprises. [ABSTRACT FROM AUTHOR]

Paper-cutting is a traditional Chinese art, and Fuyang paper-cutting is a miracle of Chinese paper-cutting art. As Fuyang paper-cutting art is gradually promoted by artists during the historical inheritance, its traditional form has changed, a batch of new-style paper-cutting artworks have been created, Wang Xiaying is a leading figure in its inheritance. From the perspective of manifestation means and modeling language, this paper found that Wang Xiaying on the basis of inheriting traditional paper-cutting learned from other arts, applied innovative techniques to break through limitations in modeling, and realized the innovation of paper-cutting art It was concluded that traditional paper-cutting arts could only achieve sustainable development by integrating with new elements. [ABSTRACT FROM AUTHOR]

The SPE Automotive Composites Conference & Expo (ACCE) is calling for papers, exhibitors, and sponsors for 'Driving Innovative Transportation,' the theme for its 20th anniversary event emphasizing polymer composites as [...]

This paper tries to explain the economic significance of “pursuing green development and promoting harmony between humanity and nature” in the Report to the 20th National Congress of the Communist Party of China (CPC) from the following eight aspects. First, it explains how to respect, adapt to, and protect nature through the confirmation of ownership, valuation classification and incentive. Second, it analyzes why China should work actively toward the goals of peaking carbon emissions and achieving carbon neutrality from the new security concept, new challenges, new situations, and new tasks brought by the urgency and severity of climate change risks. Third, it expounds on the difficulty and complexity of addressing climate change from multiple aspects, such as the ratchet effect, Giddens’s paradox, prisoner’s dilemma, lock-in effect, asset stranding, intergenerational equity, and the Wandering Earth scenario. Fourth, it recognizes the importance of stability, overall planning, and coordination based on the overall planned and coordinated triangle of high-quality development, carbon neutrality, and energy security. Fifth, it emphasizes the importance of green and low-carbon technological innovation by means of the IPAS equation. Sixth, it explains the essence of carbon neutrality as the industrial transition based on the energy transition, which is an economic logic. Seventh, taking the carbon market as an example, it explains the economic principle that the market mechanism plays an important role. Eighth, it explains how finance empowers the goals of peaking carbon emissions and achieving carbon neutrality as well as high-quality development. Finally, this paper is of guiding significance for economics, finance, international trade, and policy research, and in the meantime, provides new research tasks. [ABSTRACT FROM AUTHOR]

Concerns about sustainability challenges are growing. Companies are under pressure to rethink existing innovation paradigms. In this context, research interest in the resource-constrained innovation concept, frugal innovation, has increased. In this paper, we examine the impact of frugal innovation on the economic, social, and ecological sustainability dimensions by conducting a systematic literature review of 44 papers. We find that frugal innovation is a promising approach to promote sustainable development from an economic perspective and a social perspective. Nevertheless, positive and negative effects exist in all three dimensions. Thus, a positive relationship is not inherent but must be proactively formed. External factors can influence the impact of frugal innovation on sustainability. For future research we recommend (1) establishing a unified understanding of frugal innovation through a clear definition, (2) broadening the research focus to a global perspective, (3) assessing the impact of frugal innovation along the entire product life cycle, and (4) investigating characteristics that make frugal innovation sustainable. [ABSTRACT FROM AUTHOR]

Green trade barriers are often seen as a catalyst that promotes exporting countries to develop green technologies. However, by distinguishing the green technology behavior of enterprises into green technology transformation and green technology innovation, this paper finds that although green trade barriers can encourage enterprises in exporting countries to increase investment in green technology transformation in order to obtain rapid market access, they crowd out the resources of green technology innovation of enterprises. In other words, green trade barriers will strengthen enterprises' dependence on the introduction of green technologies, weaken their innovation capabilities, and increase the risk of being locked in the middle of the global industrial chain, creating a trap effect. Using the data of enterprises in the heavily polluting industry of A-shares from 2009 to 2021, this paper confirms the existence of the trap effect. In addition, this paper finds that due to the influence of short-sightedness of managers, alleviating corporate financing constraints can enhance the promotion effect of green trade barriers on the green technological transformation of enterprises, but cannot reduce its inhibiting effect on green technology innovation. The study also finds that even if the time window is extended to the medium and long term, green trade barriers cannot have a significant positive impact on enterprises' green technology innovation. Therefore, the government should not overestimate the role of green trade barriers in encouraging green development and green technology innovation, nor should it rely too much on loose financing policies. In contrast, government should formulate targeted industrial policies to help enterprises overcome green trade barriers through technological innovation. [ABSTRACT FROM AUTHOR]

In the context of bank digitalization construction, this paper explores the impact and mechanism of bank digital transformation on corporate green innovation based on the data of listed enterprises from 2010 to 2021. It is found that bank digital transformation enhances the overall and strategic nature of corporate green innovation but has no significant impact on corporate substantive green innovation. The mechanism analysis shows that bank digital transformation can promote corporate green innovation by inhibiting corporate financialization and alleviating corporate financing constraints. Government environmental regulation and media attention have a positive moderating effect on the relationship between banks' digital transformation, and enterprises' green innovation, i.e., an increase in the level of government environmental regulation and an increase in media attention will strengthen the promotion effect of banks' digital transformation on enterprises' green innovation. Heterogeneity analysis shows that the promotion effect of banks' digital transformation on corporate green innovation is more significant for state- owned enterprises, heavily polluted enterprises, large-scale enterprises, and enterprises in the eastern region. Therefore, the digital transformation of banks can "empower" the green innovation of enterprises, help the green development of enterprises, and lead the high-quality development of the economy. At the same time, the study's results also show that the green development of enterprises should not be "superficial" but "substantial." [ABSTRACT FROM AUTHOR]

The rapid increase in the number of older people under the background of population aging has gradually changed the disease spectrum of society, making aging diseases more prevalent, and increasing the demand for health care services, medical and health services, and health insurance among older people, ultimately leading to increasing household and social spending on old age. This study is conducted to assess the impact of those spending burden on the sustainable development of economy and find out some practical and effective solutions. This paper constructs a theoretical model to illustrate the relationship between the old-age dependency ratio and the marginal product of capital (MPK), and then establishes a two-way fixed effect model based on transnational panel data of 81 countries from 1981 to 2017 to verify this relationship empirically. This paper finds that, after controlling a series of variables, an increased burden of old-age dependency leads to a decline in the MPK, a key macroeconomic variable and also a sustainable development criteria, but in which health care, health security systems, and technological innovation play a key and moderating role. The conclusion is also valid after tackling the problem of endogeneity with different methods, like two-stage least squares (TSLS) and the generalized methods of moments (GMM). Overall, before population aging, countries that are old-but-not-rich should encourage more supply-side investments in public health system or technological innovation, and adjust retirement system, or gradually encourage childbearing to strive for time and space for later sustainable development of public health system and economy. [ABSTRACT FROM AUTHOR]

In the context of the green transition, universities have much to offer in joint green innovation projects with business, government and citizens. As hubs of diverse expertise, universities are uniquely placed to build interdisciplinary teams and bridge gaps between society and industry. Their regional ties also enable them to engage with the local ecosystem. This paper draws from ten international case studies of university partnerships with industry and society in green mobility, green energy and green products, services and processes. The comparative evidence gathered from interviews with representatives from these initiatives examines universities' practices for green co-creation. Additionally, the paper outlines policy recommendations crucial to supporting these initiatives, essential for the global success of sustainable development efforts. [ABSTRACT FROM AUTHOR]

Simultaneously achieving economic development and environmental protection is a shared global challenge. While the positive effect of environmental regulations on protecting the environment has been widely recognized, the attention paid to low-carbon governance and corporate green transformation remains insufficient. Based on the two-stage least square regression model (2SLS) of instrumental variables, this paper utilizes panel data from China to identify the influence mechanism of government low-carbon governance on enterprise green development. It explores the effect of low-carbon governance on enterprise green development from the perspective of fiscal decentralization. The findings show that (1) Low-carbon governance significantly promotes corporate green development, primarily through improving industrial structure and technological innovation; (2) Low-carbon governance notably promotes the green development of private enterprises but has little effect on state-owned enterprises. There are also geographical differences, and the results are better in Eastern China than in the Central and Western parts of China; (3) Fiscal decentralization at both central and local levels inhibits the effect of low-carbon governance on driving corporate green development by causing a mismatch of human resources. Therefore, to promote corporate green development, low-carbon governance must prioritize green development, actively guide industrial structural upgrading and enterprise technological innovation, implement differentiated low-carbon governance measures tailored to different ownership enterprises, and optimize the assessment indicators for fiscal decentralization. This paper helps deepen the understanding of the relationship between government low-carbon governance and enterprise green development in developing countries. It can be used as a reference for government departments to formulate relevant policies. [ABSTRACT FROM AUTHOR]

Colombian industrial sector is widely recognized as a good example of a diversified economy. At present, Colombian government is seeking to deepen this outstanding feature by favouring activities in new sectors intensive in knowledge and capital. Biotechnology offers an opportunity to integrate its great biological diversity into research and development (R&D) activities. A public policy paper published last year depicts a set of activities considered essential to achieve the consolidation of biotechnological sector in Colombia. On the other hand, past and current activities deployed in the context of so called Bio Trade initiatives have demonstrated to offer little space to R&D activities by public sector research institutions. This paper aims to illustrate the importance of up-stream research undertaken by public sector research institutions as well as the relevance of Intellectual property management as enabling tools for the consolidation of biotechnological sector. [ABSTRACT FROM AUTHOR]

Although the effect of highways on economic growth has been widely discussed, its role in green technological innovation has not yet attracted attention facing today's strong emphasis on the green economy. To fill this gap, this paper aims to provide empirical evidence by investigating the effects of highways on regional green technological innovation in China. The paper elaborates theoretically on three mechanisms through which the development of highways may influence regional green technological innovation, namely the agglomeration effect, spatial spillover effect, and network effect. To advance the empirical analysis, this paper constructs a spatial Durbin model accounting for spatial interdependencies among regions. Unlike previous literature, this paper uses "the strength of economic linkage" to indicate the development of highways in each city and discusses geographic distance and time-distance effect (spatio-temporal effect) resulting from highways. Using panel data of 105 prefecture-level cities in China's Yangtze River Economic Belt from 2001 to 2013, we find that: (1) highway has a significant role in promoting regional green technological innovation; (2) significant spatial spillover effects resulting from highways exist and the magnitude of the influence varies with geographical and temporal distance effect. Our findings provide references for developing transportation infrastructure and green innovation in China. [ABSTRACT FROM AUTHOR]

Amidst growing environmental challenges linked to coal dependence, fostering green innovation in new energy enterprises is vital for sustainable development in China. Although there have been studies on green innovation of new energy enterprises in recent years, few studies have been conducted from the perspective of ESG, whether informal environmental regulation represented by ESG can stimulate the green innovation of new energy enterprises is of great significance to China's construction of a low-carbon and secure energy system. In this paper, from the perspective of informal environmental regulation, based on the ESG ratings of SynTaoGreen Finance's first public newenergy listed companies as an exogenous shock, and taking A-share new energy listed companies as a sample from 2010 to 2021, we empirically verified the effect and mechanism of ESG ratings on the green innovation of new energy companies in terms of the quantity and quality of green innovations by utilizing the Staggered Difference-indifference (DID) model. The findings demonstrate that new energy enterprises' green patent numbers and quality are greatly enhanced by ESG grading. However, there is clear heterogeneity in this green innovation effect, which is particularly visible in new energy firms with state-owned enterprise and greater enterprise scales and a higher level of digitization. The Mechanistic findings suggest that ESG ratings drive green innovation by alleviating financial constraints, reducing agency risk, and boosting R&D, thus providing empirical evidence for the development of a green innovation ecosystem in the new energy industry. [ABSTRACT FROM AUTHOR]

Green production is crucial in promoting sustainable agricultural practices, ensuring food safety, and protecting the rural ecological environment. Farmers, as the main decision makers of agricultural production, and their green production behaviors (GPBs), directly determine the process of agricultural green development. Based on the survey data of 656 apple growers in Shaanxi and Gansu provinces in 2022, this paper uses a graded response model to measure the information acquisition ability (IAA) of farmers and constructs an ordered Logit model to empirically explore the influence mechanisms of IAA, green benefit cognition (GBC), and new technology learning attitude (NTLA) on farmers' GPBs. The results show the following: (1) IAA has a significantly positive impact on the adoption of GPBs by farmers, and farmers with a high IAA are more conscious to adopt green production technologies; (2) in the process of IAA affecting farmers' adoption of GPBs, GBC plays a positive mediating role; (3) NTLAs have a positive moderating effect on the process of GBC affecting farmers' GPB adoption; (4) there are generational, educational and regional differences in the impact of IAA on farmers' GPBs. Policy makers should improve rural information facilities, strengthen agricultural technology promotion and training, improve farmers' IAA and benefit awareness level, and formulate relevant policies to mobilize farmers' enthusiasm for learning new technologies. [ABSTRACT FROM AUTHOR]

Resource-based regions support national economic development and are essential sources of basic energy and raw materials. In the post-pandemic era, however, there are practical situations to deal with, such as a fractured industrial chain, a weaker industrial structure, and a sharp reduction in economic benefits. Based on data collected from 68 cities in China, from 2010 to 2021, with 816 observations, this paper explores the industrial development process of resource-based regions in China and the change in the toughness of the industrial structure under the impact of COVID-19. The paper studies and analyzes industrial development trends, industrial structure toughness, and spatial spillover effects. The methods used are the Markov chain model and the Industrial Structure Advancement Index. By building the spatial Dubin model, the paper analyzes the spatial spillover effect of regional industrial development. It decomposes the spillover effect using the partial differential model based on regression. The results show that, during the study period, the comprehensive development level of industries in resource-based regions in China was slowly improving and tended to stabilize after entering the post-pandemic era. The evolution of an advanced industrial structure is significantly heterogeneous among regions, and each region has different toughness. The impact of COVID-19 has reduced the toughness of China's resource-based regions' industrial structure. The spatial spillover effect of regional industrial development is significant. Labor force, technology input, and industrial-structure optimization have different impacts on the industrial development of neighboring regions. In the post-pandemic era, China has used new management methods for more innovation. In order to achieve low-carbon, environmental protection, and sustainable development of resources, realize the rapid recovery of the toughness of industrial structure in China's resource-based cities, and reduce the impact of the COVID-19 pandemic, China proposes to expand the supply of resources, improve the allocation of resources, optimize the direction, promote the rational flow and efficient aggregation of various factors, and enhance the impetus for innovation and development. [ABSTRACT FROM AUTHOR]

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Water-related technological innovations have been increasingly recognized in recent years as promising techniques to solve the water crisis, raising attention in the academic communities of water research and sustainable development. This research thus investigates the relationship between water-related technological innovations and water use efficiency and makes the following contributions. First, this paper validates the significant improvement effects of water-related technological innovations on water use efficiency and notes that such influences will persist over the next 6 years. This finding comes from a panel fixed effects model on a sample of 75 countries from 1997 to 2019 and is verified by a series of robustness tests. In addition, this paper shows that the above improvement impacts are heterogeneous among different countries, and that the impacts are significantly positive in low-income, left-wing, and democratic countries. Lastly, our empirical findings offer an important reference for policymakers to improve water use efficiency and mitigate the water crisis. [ABSTRACT FROM AUTHOR]

As an essential part of ecological civilization, water ecological civilization has significant influence on the green and sustainable development of cities. Under the background of China's Water Ecological Civilization City Pilot (WECCP), based on data from 275 cities in China from 2007 to 2019 by using the difference-in-differences (DID) model, we empirically analyzed the influence of the WECCP establishment on urban green innovation and explored the impact mechanism in depth using a mediating effect model, which aimed to verify whether the "Porter hypothesis" holds true in China. The result indicated that the WECCP had made a remarkable contribution to enhancing urban green innovation in the pilot cities. Further research found that the input mechanism played an important mediating role. In addition, the heterogeneity test indicated that cities in the central region, at low administrative levels, and in the first batch of pilots gained more from the policy establishment. This paper has theoretical implications for understanding the derived innovation benefits of the environmental policy, practical implications for identifying new drivers of urban innovation, and provides related experience for the country to further promote and expand water ecological civilization construction and useful policy inspiration for other developing countries to formulate ecological and environmental policies. [ABSTRACT FROM AUTHOR]

Corporate green innovation is the crucial driving force to promote green development and realize the construction goal of "Beautiful China." Meanwhile, the development of Fintech creates a more favorable external environment for corporate green innovation. Using the panel data of China's Digital Financial Inclusion Index and Energy Poverty Index at provincial level from 2011 to 2020, this paper studies the influence of Fintech on corporate green innovation by the evidence from Chinese heavily polluting enterprises. Based on stepwise regression, this paper further examines the mediating role of energy poverty, including energy consumption level, energy consumption capacity, and energy consumption structure, in the relationship between Fintech and corporate green innovation. The results show that (1) Fintech contributes to improving the level of green innovation of heavily polluting enterprises; (2) energy poverty acts as a mediator in the process of Fintech's influence on corporate green innovation; (3) Fintech can promote green innovation of heavily polluting enterprises by improving the level of regional energy consumption level, but it fails to influence corporate green innovation through energy consumption capacity and energy consumption structure. These results provide governments and companies with implications on facilitating corporate green innovation so as to further promote green development. [ABSTRACT FROM AUTHOR]

This document is an editorial titled "Insights in ecological economics: 2022" by Massimiliano Mazzanti. The editorial discusses the importance of the ecological transition in guiding economic and human development. It emphasizes the need for technological, organizational, and social innovations to promote well-being and avoid inequalities. The editorial also highlights the role of policy drivers, such as the UN's 2030 Agenda for Sustainable Development and the EU's European Green Deal, in facilitating these transitions. The document concludes by mentioning four papers that address different aspects of the research agenda on sustainability and offer diverse insights and methodologies. [Extracted from the article]

With the increasing prominence of climate and energy issues, enterprises, as the micro-subjects of economic activities, need to pay attention to environmental responsibility to promote sustainable and high-quality economic development. However, one of the crucial controversies is whether enterprises will sacrifice efficiency to fulfill their environmental responsibilities. To try our best to answer the controversy, this paper explores the impact of ESG on total factor productivity and its mechanism. The research conclusion shows that Chinese enterprises fulfilling ESG responsibilities can improve staff efficiency, reduce financing costs, ease financing constraints, and increase innovation investment, thus effectively improving total factor productivity. Compared to non-state-owned enterprises, this effect is more significant in state-owned enterprises. In addition, the promotion of ESG construction on the total factor productivity of enterprises also presents specific acceleration characteristics. This shows that in the socialist market economy environment, there is an obvious "social responsibility dividend" in the implementation of the ESG concept by Chinese enterprises, which is helpful to enhance their long-term value and realize a win-win of social value and commercial value. The conclusions of this study help deal correctly with the relationship between business value and social value of enterprises and provide inspiration for promoting healthy and sustainable economic development. [ABSTRACT FROM AUTHOR]

In recent years, the intensification of global industrialization coupled with the enterprise's production and operating activities have caused pollution, increasing the current environmental pressure. Relevant government departments in China have instituted several stringent measures (environmental protection sensitization and awareness activities, training sessions, and exchange activities targeted towards enterprise managers) to address these rising environmental problems. Though these measures have gained traction over the years, there is a dearth of research on their effectiveness on the green innovation performance of enterprises. To bridge the gap, this research explores the effect of environmental awareness training, knowledge exchange activities, and commitment on green innovation performance with survey data from 285 medical equipment manufacturing companies in China. It further expands the theoretical application of environmental awareness training, commitment, and innovation performance from the lens of the Knowledge-Based View. The findings depict a positive relationship between environmental awareness training and innovation performance. It also finds a mediating influence of environmental commitment in the relationship between environmental awareness training and green innovation performance. Furthermore, environmental knowledge exchange activities positively moderate the relationship between environmental awareness training and environmental commitment. These findings offer valuable insights for the green development of medical equipment manufacturing enterprises and the government to formulate environmental protection policies. [ABSTRACT FROM AUTHOR]

This paper examines the coupling coordination degree between digital economy and green technology innovation in 19 urban agglomerations across China from 2011 to 2020. Through the analysis of the coupling coordination degree model, spatial autocorrelation, multi-distance spatial clustering analysis, kernel density analysis and grey correlation model, this study uncovers the mechanism of coupling between digital economy and green technology in Chinese urban agglomerations. Data analysis revealed a significant increase in the coupling coordination between the digital economy and green technology innovation within urban agglomerations. However, there are noticeable spatial imbalances in this trend. Additionally, the multi-distance spatial distance analysis highlights a shift from a random distribution to a clustered distribution of spatial characteristics. The polarization features vary among each urban agglomeration and exhibit a significant positive spatial correlation. Factors such as economic sustainability, creative talent, policy support, digital impetus, and technological support will affect the coupling mechanism of green technology innovation and the digital economy in China's urban agglomerations. Policy recommendations are proposed to foster the development of the digital economy, promote coordinated growth within and beyond urban clusters, and ultimately build a digital ecological civilization that is both green and intelligent. [ABSTRACT FROM AUTHOR]

Water is an essential service for the sustainable development and economic competitiveness of any country. The global water demand has increased substantially due to economic development, climate change, and rising population. The Internet of Things (IoT) and Information and Communication Technologies (ICT) can help conserve available water resources. Smart cities apply IoT to boost the performance and efficiency of urban facilities. Smart cities are towns created to use IoT and ICT (innovative technologies) such as smart water applications. Several studies on smart water technology have been conducted, but there is a need to review current research that leverages the IoT as a communication technology to design effective smart water applications. This review paper is aimed at presenting evidence on the current design of smart water applications. The study also covers publication statistics to increase collaboration between stakeholders. Findings show that various technologies such as microcontrollers, embedded programming languages, sensors, communication modules, and protocols are used by researchers to accomplish their aim of designing IoT-based smart water solutions. None of the publications employed the 5G mobile networks as a communication module for their smart water application development. Findings further show that the integration of 3D printing and solar energy into IoT-based smart water applications is revolutionary and can increase the sustainability of the systems. Future directions required to ensure that developed smart water applications are widely adopted to help conserve and manage water resources are suggested. [ABSTRACT FROM AUTHOR]

With the new challenges and crises facing agriculture, digitalization and green transformation have become important ways to solve the problems. This paper uses an international economics perspective to chart a new path for sustainable agricultural development. Specifically, it analyzes whether two-way international direct investment (FDI) can facilitate agricultural digital-green fusion(DGF)? Using a sample of 31 provinces (autonomous regions) from 2012 to 2021, this study finds: (1) Two-way FDI can significantly contribute to agriculture's DGF. (2) In the mechanism test, it is proved that two-way FDI can promote agriculture's DGF level by promoting green technology innovation capacity and overall regional technology innovation capacity. (3) The positive effects of two-way FDI are prominent in the eastern and central regions, coastal regions, and economically developed areas. (4) In the spatial Durbin model, the local two-way FDI growth improves agriculture's DGF level in the surrounding areas to a certain extent. The government is advised to prioritize openness, foster an environment for technological innovation, leverage spatial radiation for agricultural DGF, and advance digitally empowered agricultural modernization. [ABSTRACT FROM AUTHOR]

How heavily polluting enterprises achieve sustainable development has become an urgent issue to be solved. Based on the data of Chinese heavily polluting listed enterprises during the period of 2010–2020, this paper adopts the probit method to examine how heterogeneous environmental regulations affect green merger and acquisition (GMA) decision, and propensity score matching and difference-in-differences method to explore innovation performance of GMA. The findings are as follows: (1) Command-and-control environmental regulation (CMCER) can promote GMA, while there exists a U-shaped relationship between market-based environmental regulation (MBER) and GMA; (2) from a dynamic perspective, it turns out that GMA can promote green innovation (GI) in the first and second post-acquisition year, but this effect disappears in the third year; (3) compared with CMCER, MBER has a more pronounced positive effect on the relationship between GMA and GI; (4) heterogeneous analysis indicates that the above GMA performance is more persistent when the acquirer is state-owned, with high media attention, with high internal control or engages in vertical GMA. The findings further enrich the literature on GMA driver and performance and provide references for optimizing ER policies and promoting corporate sustainable development. [ABSTRACT FROM AUTHOR]

Based on the panel data of 625 industrial listed enterprises of China from 2012 to 2020, this paper employs the method of propensity score matching–difference in difference to investigate the effect of financial–industrial integration on the enterprise's green development performance and the moderating role of green technology innovation on the relationship between the two is also addressed. It finds that first, financial–industrial integration has a significant promoting effect on the improvement in green development performance of enterprises, and green technology innovation has a positive moderating effect on the relationship between the two. In addition, the effect of financial–industrial integration on enterprise's economic and social performance is not significant, and it mainly promotes enterprise's green development by stimulating environmental performance. Moreover, the degree of financial–industrial integration has a moderate range in which the role of financial–industrial integration can be better played. Further, compared with state-owned enterprise and large-scale enterprise, financial–industrial integration is more conducive to the green development of non-state-owned enterprises and small-scale enterprises. [ABSTRACT FROM AUTHOR]

In the context of the rapid development of the global digital economy, it is of great significance to explore the greening transformation of the manufacturing industry from the micro-perspective of enterprise digital development. This paper empirically examines the impact and mechanism of enterprise digital development on the greening transformation of the manufacturing industry using the 2010–2020 data of Chinese A-share listed companies in the manufacturing industry as a sample. The study shows that enterprise digital development can significantly promote the greening transformation of China's manufacturing industry, and this conclusion still holds after a series of robustness tests. Technological innovation and financing constraints are important mediating mechanisms. Further research found that the impact of enterprise digital development on the greening transformation of China's manufacturing industry has a positive nonlinear effect, and its marginal effect shows a weakening trend. Heterogeneity analysis shows that, from the perspective of micro characteristics, digital development is more able to promote the green transformation of state-owned and large enterprises. From a macro-regional perspective, digital development can better promote the green transformation of the manufacturing industry in eastern cities, key city clusters, and high-level cities. The findings of this paper can provide corresponding insights for "revitalizing the manufacturing industry", and also provide decision-making references for countries aiming to make the manufacturing industry bigger and stronger. [ABSTRACT FROM AUTHOR]

This paper presents an in-depth research analysis on the evaluation of the development quality of regional economy through an improved convolutional neural network algorithm, and uses it to design a fuzzy comprehensive evaluation model for the practical process. Based on the measured indices of different variables, a spatial econometric model is constructed and provincial panel data are selected to empirically analyze the impact and spatial spillover effects of financial agglomeration and technological innovation on regional economic quality development from both static and dynamic aspects and to examine the spatial correlation of the factors. A new serial data flow model is adopted, which optimizes the control of data flow in convolutional computation, reduces the percentage of clock cycles used to read memory data, and increases the computational efficiency. At the same time, with dynamic data caching, a convolutional computation can be completed in one clock cycle, reducing the memory capacity required for caching intermediate data. The effectiveness of the evaluation system constructed in this paper is further tested. Most of the indicators have a significant positive or negative impact on the quality level of economic development, and the direction of the impact is consistent with the positive and negative attributes of the indicators in this study, which verifies the validity of the evaluation indicator system constructed in this paper. In summary of the study, effective suggestions are made in terms of human capital investment, reasonable allocation of fiscal expenditure, enhancing regional greening development and improving risk prevention measures. [ABSTRACT FROM AUTHOR]

Yu, H.; Wang, Y., and Li, D., 2023. Using the AHP-entropy weight method to study regional marine economy resilience in China. Journal of Coastal Research, 39(5), 960–969. Charlotte (North Carolina), ISSN 0749-0208. Marine economy has become an important part of China's national economy, but it is facing many constraints and disturbances from within and outside the region. Marine economy resilience can reflect to what extent the region will overcome these problems and achieve sustainable development. Nevertheless, evaluating marine economy resilience is a difficult task requiring considerable effort that is missing in the literature. This paper constructed the evaluation index system from the four dimensions of resistance, recovery, reorganization, and renewal and comprehensively used the analytic hierarchy process and entropy method to make a quantitative assessment of marine economy resilience in 11 coastal regions of China. Based on this, the paper then explored the spatial and temporal evolution of regional marine economy resilience. The evaluation results reveal that the overall level of China's marine economy resilience from 2006 to 2016 shows a fluctuating and rising trend. The resistance ability is generally in an upward fluctuating trend, the recovery ability fluctuates little but has no significant improvement, the reorganization ability also shows a fluctuating and rising trend, and the renewal ability has the largest increase in the four dimensions. This paper puts forward three suggestions for the coastal province governments to improve regional marine economy resilience in terms of technological innovation, green development, and coordinated opening up. [ABSTRACT FROM AUTHOR]

Reducing carbon emissions is the key to fulfilling the "double carbon commitment" and promoting the green transformation of the economy. The financial sector is the forerunner of change in economic development. The rapid development of digital finance has disrupted the traditional financial operation mode and has had a significant impact on economic development and environmental quality. This paper explores the impact of digital finance development on carbon emissions using carbon emission data from 2011 to 2017 in China's counties and combining it with the Digital Inclusive Finance Index of Peking University. The findings are as follows: (1) The development of digital finance can curb carbon emissions, and this causal relationship still holds through a series of robustness tests. The greater the carbon emissions, the better the carbon suppression effect of the development of digital finance. (2) When regions face strict financial regulation and environmental constraints, the development of digital finance can be more effective in reducing carbon emissions. The existence of a digital divide in general can weaken the disincentive effect of the development of digital finance on carbon emissions. (3) The development of digital finance can promote the development of green finance, enhance the level of green technological innovation, improve green total factor productivity, and transform energy structures, thus curbing carbon emissions. This paper not only enriches the literature on the development of digital finance and the environment but also provides a reference for government departments to improve the development strategy of digital finance and achieve "carbon peaking and carbon neutrality." [ABSTRACT FROM AUTHOR]

Purpose: Environmental regulation policy and cleaner production technology innovation are the key links to achieve sustainable economic development. This paper tests the impact of Two Control Zone (TCZ) environmental regulation policy on cleaner production technology innovation and explains the heterogeneity effect between them from the perspective of regional pollution intensity and R&D investment scale. Design/methodology/approach: This paper takes TCZ policy as an environmental regulation policy and collects the patent data related to coal desulfurization cleaner production technology innovation in prefecture-level cities from 1994 to 2002 in China. This paper also tests the relationship between TCZ environmental regulation policy and cleaner production technology innovation based on difference in difference (DID) model. Take regional R&D investment scale and pollution intensity as category variables and analyze the heterogeneity effect of TCZ environmental regulation policy on cleaner production technology innovation based on difference-in-difference-in-difference (DDD) model. Findings: TCZ environmental regulation policy effectively promotes China's cleaner production technology innovation, but it is more conducive to cleaner production technology innovation in heavy pollution areas. With the increasing of R&D investment scale, the positive effect of TCZ environmental regulation policy on cleaner production technology innovation is stronger. Research limitations/implications: On the basis of this study, the authors should further explore the regulatory factors of the relationship between TCZ environmental regulation policy and cleaner production technology innovation and further expand the research object, so as to make the research conclusions more practical and instructive. Originality/value: This paper tests the impact of TCZ environmental regulation policy on cleaner production technology innovation based on the prefecture city level data and DID model, and it handles the endogenous problem caused by the missing variables and provides the accurate conclusions. Moreover, this paper examines the heterogeneity effect of TCZ environmental regulation policy on cleaner production innovation from regional R&D investment scale and pollution intensity two hands and expands the existing theoretical research. [ABSTRACT FROM AUTHOR]

Under the influence of the dual policies of sustainable economic development and the national dual-carbon target, the establishment of an environmental protection department for the treatment of heavily polluting industries is imminent, and the country has launched pollution control policies and regulations to restrict the emission rights of heavily polluting industries. Therefore, this paper focuses on whether the restriction of emission rights in key industries has reduced carbon emissions. To achieve this, this paper uses panel data of prefecture-level cities in China from 2006 to 2019 and adopts a two-way fixed-effects DID model to systematically analyze the impact of the key pollution industry governance policies launched by the Ministry of Environmental Protection on CO2 emissions in 2017. And further analyze the role of variables such as green technology innovation patents and energy efficiency using this model, while parallel trend tests and placebo tests, and related policies are used to ensure the robustness of the regression results. This paper reveals that: (1) The heavy pollution industry governance policy implemented in 2017 can effectively reduce CO2 emissions in the cities of the treated group, and the effect is more significant in the year of policy implementation; (2) Green utility patents and energy-use efficiency are the effective mediating mechanisms to reduce CO2 emissions; (3) Over time, the effect of heavy pollution industry governance policy on CO2 emissions gradually decreases; (4) The reliability of the baseline regression results of this paper is proved by the use of parallel trend tests, placebo tests, and tests excluding the influence factors such as relevant policies in the same period. Therefore, the key polluting industries treatment policy launched by China's Ministry of Environmental Protection in 2017 under the recent dual-carbon policy development goals formulated by China, can effectively reduce carbon emissions; however, in the future economic development process, the government should give more consideration to the continuity of the policy impact and its coherence on economic development when implementing the policy. [ABSTRACT FROM AUTHOR]

The emergence of new transformational technology, known as the fourth industrial revolution, has crucially opened a new window to green economic growth. The transition to low carbon, green economy, and green sustainability has gained momentum simultaneously in developed and developing countries. The greening policy echoes the pending climate change and its entrenching disruptions. Financial technology, or FinTech seems to be a promising direction in unlocking the green dilemma; to be concrete, FinTech and the green economy are separately documented in the literature. Against this background, the current study investigates the intersection between green economic growth and FinTech by conducting a systematic-cum-bibliometric analysis of published papers in the Scopus database with the goal of first examining the role and opportunities of implementing green FinTech as a stimulus for transition towards green economic growth in African countries and, second, identifying knowledge gaps and future policy and research directions by developing an integrated framework to help African countries in the transition to green economic growth and green FinTech. The results illustrate an increasing trend in research attention towards the green FinTech concept and its relationship with green economic growth, climate change, and greening rules and standards. A deep inspection of the mined papers indicates that future research trajectories are oriented into five different mainstreams: technology and instruments in digital finance; regulation, policies, and green FinTech; climate risk mitigation through FinTech; FinTech and environmental quality; green finance and climate change mitigation. Based on these research directions, an integrated framework was conceptualised that aims to deliver green economic growth using FinTech as a vehicle of transition for African countries. [ABSTRACT FROM AUTHOR]

Currently, sport is considered an entertainment and leisure industry and includes activities such as athletics, water, and skiing. The influence of a sport event exceeds the event itself, which indicates the importance of a sport facility to the building and construction. A sport facility refers to a facility related to the sport industry, mainly including not only stadiums, swimming pools, and sport centers, but also water parks, ski resorts, and other amusement facilities. At present, there is a lack of comprehensive exploration of integrated building information modeling (BIM) with sport and facilities and performance of applications to help identify potential opportunities to support sustainable development. Therefore, this paper aims to explore the integration of BIM, sport, and facility by revealing the current research status and hotspots in the field, which identifies the development lineage and emerging areas of the research and highlights the development trends and directions for future research towards sustainable development. This paper adopts a quantitative research method to investigate the current research status, hotspots, emerging areas, development trends, and important directions in the integration of BIM, sport, and facilities from macro-quantitative perspectives via bibliometric tools, i.e., VOSviewer and CiteSpace software packages. The main findings of this paper are that the hot keywords on the integration of BIM, sport, and facilities are mainly focused on BIM, facility management, framework, management, sport, construction, and design. Moreover, over the past 26 years (year 1997 to 2022), hot keywords for each year have been revealed through keyword co-occurrence overlay visualization analysis and identified in five schemes, i.e., life cycle assessment, emerging technology, behavior and sport, health and wellbeing, and sustainable built environment. Furthermore, the application of deep learning, IoT, and immersive experience technologies are current hot topics which could provide more innovative breakthroughs for the integration of BIM, sport, and facilities in the future for sustainable development. [ABSTRACT FROM AUTHOR]

Previous studies on the relationship between environmental regulation (ER) and technological innovation efficiency of defence industry (TIE-DI) mainly focus on variability and complexity, while few empirical studies have incorporated environmental flexibility into models, and most of them are based on questionnaires. Therefore, this paper takes environmental regulation and environmental policy complexity (EPC) as the entry point, so as to discuss the feasibility of improving the technological innovation efficiency of China's defence industry enterprises (CDI), which aims to empirically test the mechanism of ER and EPC on improving the efficiency of applied technological innovation of China's defence industry enterprises. The research conclusion provides sufficient theoretical basis and empirical support for strengthening the technical innovation efficiency support, standardising the market order and the market leading, establishing the information disclosure mechanism and improving the internal control of industrial enterprises. [ABSTRACT FROM AUTHOR]

Information and communication technology plays an essential role in affecting CO2 emissions and promoting green and sustainable development. This paper empirically examines the effect of the level of urban ICT development on CO2 emissions using panel data for Chinese cities from 2010 to 2020. On this basis, a spatial Durbin model is used to analyze the spatial spillover effects of ICT development level affecting regional CO2 emissions, and its direct, indirect and overall effects are further analyzed. The conclusions of the study are as follows. (1) The CO2 emissions of Chinese cities are correlated by spatial distance and show high-high or low-low clustering characteristics. (2) ICT development can reduce CO2 emissions in the region and increase CO2 emissions in neighboring regions. This conclusion still holds after several robustness tests. And when the level of ICT development increases by 1 standard deviation, CO2 emissions are reduced by 64%. (3) The mechanism of action shows that ICT can influence regional CO2 emissions through its technological innovation effect and industrial upgrading effect. (4) The impact of ICT development on regional carbon emissions is characterized by significant heterogeneity depending on the city's geographical location and whether or not environmental information is publicly available. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of the paper is to review modern technologies present in building the strategy of contemporary clothing companies and to conduct a case study of the 4F brand (one of the leaders in the use of modern technologies in shaping the product offer in the clothing industry in the Polish market), to present the application of the use of these technologies in the Polish market. Design/methodology/approach: The paper conducts a case study of the 4F brand from the point of view of the use of innovative technologies in improving strategies for meeting the needs of buyers of clothing products. It was preceded by a literature review on the occurrence of these technologies in the surrounding market reality and their development prospects. Findings: Innovative technologies are a constant element in building the strategy of the 4F clothing brand. With them, the brand develops such parameters of its offerings as antibacterial, hypoallergenic or adequate moisture wicking. It also uses technologies to present new product lines: 3D and augmented reality (AR). It allows it to optimise the entire sales process and reduce the number of returns. It is part of the company’s strategy to shift to circular sales models in line with sustainable development. Research limitations: The diversity of possible solutions from modern technologies, resulting from their nature and unique specificity, makes it difficult to generalise the results obtained. Each successive example of the use of modern technologies is outstanding in its way, does not lend itself to standardisation and requires individual analysis. Practical implications: The results of the study indicate that the business operations of apparel companies are becoming more technologically advanced, which will require increasing investment on their part in IT infrastructure and the implementation of new technological solutions. Social implications: Modern technology is being used in the fashion industry to build relationships with stakeholders through increasingly modern marketing communication tools, forcing expenditures in this area as well. The tools for building these relationships are derived from the instruments used by stakeholders in their personal lives (e.g., social media), and the two areas will intersect and complement each other. Originality/value: The originality of our study is to comprehensively present the current use of modern technologies in the apparel industry, to isolate the most popular tools used by entities in this industry on the Polish market and to diagnose the attitude of the audience towards them, as well as to determine the development directions of this trend. [ABSTRACT FROM AUTHOR]

The inexorable march of technological advancement, particularly within the digital domain, continues to exert a profound influence on global economies, societies, and governance frameworks. This paper delves into the intricate coordination between digital business and digital governance against the backdrop of sustainable development. By introducing an index system to gauge the levels of digital business and governance, this study assesses their coupling coordination using a coupling coordination model. Through this level of coordination, this paper assesses their respective contributions to the sustainable development objectives of EU countries through panel-corrected standard error (PCSE) estimates. The paper's findings underscore several key conclusions: (1) Notable upswings are evident in the composite indices for digital business and digital governance growth. Among these, the index of digital business has demonstrated the most pronounced surge. Furthermore, digital business has experienced a distinct upward trajectory in recent years. (2) Although observable, the rise of the coupling degree is restrained, with an overall coupling degree that remains relatively low. The coupling progression has transitioned from a stage of low-degree coupling to that of primary coupling, with EU countries demonstrating fluctuating rising trends in their coupling degrees, marked by conspicuous regional disparities. (3) Over the examined period, the extent of coordination between digital business and digital governance substantially impacts the Sustainable Development Goals (SDG) index. Focusing on the interplay and harmonization between digital business and governance offers a novel pathway toward attaining the objectives of the Sustainable Development Goals. [ABSTRACT FROM AUTHOR]

Purpose: The paper aims to contribute to the broader literature on just transition by examining the intersection of technology and justice, and identifying opportunities for bridging the gap between theory and practice. The work seeks to emphasize the importance of transformative change, which ensures that no individual, community or sector is left behind in the transition towards a sustainable future, both on a global and local scale. Design/methodology/approach: The paper explores the potential for linking justice to the ongoing technological transition, focusing on its impacts on climate and sustainability. Drawing on various sociological, environmental and technological studies, this work examines the intersections between justice and technological change. Through a qualitative analysis of case studies and a review of literature, the article offers insights and recommendations for policymakers, practitioners and scholars involved in the pursuit of a sustainable and equitable future. Findings: The paper concludes that balancing environmental, social and economic goals is necessary on a large scale within the framework of a "just transition", in order to ensure that no individual, community or sector is left behind in the path to a sustainable future. This involves reflecting on sensitive issues such as competition, intellectual property, market openness, liability and fighting against inequalities. Additionally, it requires considering smart and welfare policies from a multilevel perspective. Originality/value: The originality of this work lies in its contribution to advancing the understanding of the limitations of a technology-centric approach to climate action and the need for systemic changes. The paper emphasizes the importance of addressing social equity, policy reform and collective action in conjunction with technological transition to achieve a sustainable future. It highlights the risks of overlooking the systemic drivers of the climate crisis, such as unsustainable consumption patterns and reliance on fossil fuels, while pursuing technological solutions. Furthermore, the work emphasizes the relevance of the Sustainable Development Goals of Agenda 2030 in guiding a just transition towards sustainability. [ABSTRACT FROM AUTHOR]

This paper examines the impact of digital economy on the output of urban green innovation and its working mechanisms from the perspective of green technological innovation and on the basis of Chinese cities' panel data. The empirical study indicates that the digital economy effectively improves the output of urban green innovation in a way that is inclusive to medium and small cities and more effective in areas with a more market-oriented structure. Digital economy improves urban green innovation by promoting economic agglomeration and optimizing regional financial structure, to contribute to green technology's spillover effect and provide a favorable financial environment for green innovation. Further analysis has found that green innovation arising from the development of digital economy effectively reduces pollution and emission. The conclusions provide meso-level empirical evidence for a profound understanding of digital economy's impact on green innovation as well as theoretical guidance and policy recommendations for speeding up green transformation in the new context of development. [ABSTRACT FROM AUTHOR]

Low-carbon pilot city (LCPC) plays a pivotal role in stimulating green innovation among enterprises. However, relying solely on policy often proves less effective, necessitating support from financial development. Yet, current research frequently overlooks the impact of financial development on LCPC policy. Drawing on economic, management, and organizational psychology theories, we investigate the influence of the financial development level on enterprise green innovation in LCPC, utilizing data from listed companies between 2010 and 2018. The main finding is that LCPC facilitates institutional-level green innovation. Concurrently, financial development augments the effectiveness of LCPC policy, further expediting green innovation activities among enterprises in these pilot cities. Heterogeneity analyses reveal that financial development significantly promotes green innovation, particularly among state-owned enterprises, those with myopic management, non-high technology industries, and businesses in the southern region within LCPC. Mechanism tests identify enterprises' financing constraints and R&D investment levels as key pathways through which financial development fosters green economic development in LCPC. This study provides micro-level evidence from China elucidating the effects of environmental policies and offers practical implications for the low-carbon transformation of the manufacturing sector amid peak emissions and carbon-neutral targets. Additionally, it provides valuable guidance for other emerging economies seeking enhanced resource and environmental protection through the implementation of energy-saving and emission-reduction fiscal policy. [ABSTRACT FROM AUTHOR]

Sustainable rural development forms a robust foundation for economic and social sustainability. Moreover, the digital economy acts as a catalyst for advancing rural sustainable development by altering the distribution of production factors. Thus, this study concentrates on 30 provinces in China, constructing an evaluation index system for both the digital economy and rural sustainable development. The study employs various methods and models to analyze the spatiotemporal changes and driving factors affecting the coupling and coordination between these two aspects. The research findings are as follows: the coupling and coordination levels among provinces in China have been on the rise year by year. By 2022, the coupling and coordination levels of most provinces range between 0.5 and 0.6. Regional disparities are the primary determinant of the poor overall coupling and coordination level in China. In 2022, the coupling and coordination level in the eastern region is 0.6663, compared to 0.5420 in the central region and 0.5087 in the western region. Factors such as urbanization, industrial structure transformation, technological innovation, higher education, economic development, and government support significantly influence the coupling and coordination level. Nevertheless, their effects vary across regions, with a more pronounced impact in the eastern region than in the central and western regions. Therefore, this paper proposes policy recommendations, including infrastructure optimization, rural digitization promotion, regional resource allocation enhancement, cross-regional development mechanism exploration, and differentiated development strategy implementation. [ABSTRACT FROM AUTHOR]

The application of Industry 4.0 technology has substantial prospects for future innovation and corporate growth. This research study investigates the influence of Industry 4.0 technologies on the establishment of environmental sustainability in the manufacturing sector and other associated industries. Industry 4.0 and its associated technologies, including the Internet of Things (IoT) and cyber-physical systems, have a detrimental effect on environmental sustainability. This is due to factors such as air pollution, improper waste disposal, and excessive consumption of raw materials, information, and energy. The approach employed in this study is an extensive review of a literature review comprising 207 manuscripts that explore subjects pertaining to Industry 4.0 and environmental sustainability. Currently, there is a gap between the current and intended state of affairs. Production is happening in a paradigm that lacks sustainability, which is why this research examines the impact of Industry 4.0 on environmental sustainability and the relevant aspects of Industry 4.0. One of the objective of this study is to examine the notable advantages of Industry 4.0 in the context of sustainable manufacturing. The other objective of this study are to ascertain the specific tools and components associated with Industry 4.0 that have a role in promoting the progress of a sustainable ecosystem and to do a comprehensive analysis of existing literature to find out the effectiveness of technologies of Industry 4.0 in promoting environmental sustainability. This study identifies and examines 18 significant uses of Industry 4.0 that contribute to the development of a sustainable environment. This research shows that the convergence of Industry 4.0 and the sustainable development goals improves environmental sustainability by establishing ecological support that ensures superior environmental performance with a greater positive influence than previously. This paper aims to assist stakeholders and organizations in addressing current environmental concerns by implementing innovative technologies. This study is novel in that it illustrates the integration of Industry 4.0 and its technologies with sustainable development goals, resulting in a sustainable Industry 4.0 that combines environmental protection and sustainability. [ABSTRACT FROM AUTHOR]

Strengthening the synergistic management of carbon and haze is an important means to realize China's "carbon peaking and carbon neutrality goals" and green development. In this paper, the entropy method is used to measure the key core technology innovation level of 30 provinces in China from 2011 to 2021, and the fixed-effect model is used to empirically test the impact of key core technology innovation on carbon haze synergistic governance and the internal mechanism. The study found that (1) key core technological innovation helps to promote carbon haze synergistic governance. (2) The mechanism test shows that key core technology innovation promotes the synergistic management of carbon haze by improving the clean energy structure. (3) The moderating effect shows that both market incentives and government environmental regulations will strengthen the positive relationship between key core technology innovation and carbon haze synergistic governance. The main contribution of this paper is to reveal the influence mechanism of key core technology innovation on carbon haze synergistic governance, and also to provide theoretical basis for the mechanism and law of carbon haze synergistic governance. [ABSTRACT FROM AUTHOR]

As an important way for China to achieve its dual-carbon goal, green finance has become the foundation for promoting high-quality economic development in China. In order to clarify the mechanism of green finance on carbon emissions, this paper puts green finance into the economic model and deduces the relationship between green finance and carbon emission reduction. This paper is based on the panel data of 30 provinces in China (excluding Tibet, Hong Kong, Macao, and Taiwan) from 2008 to 2019, using the individual fixed effect model, dynamical model, mediator model, and SDM model to study the impact of green finance on carbon emissions and its impact path of upgrading of the industrial structure and the development of science and technology based on the measurement of the green finance development index of each province by the entropy method. The findings show that the development of green finance can reduce carbon emission significantly, which can be sustained until at least the third phase and generates spatial spillover effects; regional heterogeneity analysis finds that the development of green finance shows geographical discrepancies: compared with the eastern and western regions, the development of green finance in central region can reduce carbon emissions more significantly; not only can the development of green finance directly reduce carbon emission, but also through the upgrading of industrial structure and technological innovation. The research not only provides a new perspective and supplementary empirical evidence for understanding the carbon emission reduction effect of green finance, but also offers some useful references for green finance to contribute to carbon emission reduction. [ABSTRACT FROM AUTHOR]