The impact of Fintech on corporate carbon emissions: Towards green and sustainable development

Abstract Fintech, as the fusion of finance and technology, has not only transformed the traditional financial industry and contributed to reshaping the real economy. But also, it holds the potential to offer a feasible solution for achieving green and sustainable development. This paper investigates the impact of Fintech on corporate carbon emissions (CCEs) by using data from the National Tax Survey Database (NTSD). The results suggest that Fintech development leads to a reduction in CCEs. Our findings remain robust even after using the instrumental variable approach to alleviate endogeneity problems. The mechanism analysis reveals that Fintech reduces CCEs via alleviating financing constraints, improving…

• NN
  National Natural Science Foundation of China

  Awards: 71991474, 72371256
• NS
  Natural Science Foundation of Guangdong Province

  Award: 2023B1515040001