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How digital finance affects environmental pollution management: evidence from China

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Abstract

Due to people’s insufficient anticipation of the negative impact of highly developed industries and the lack of prevention, global environmental pollution has occurred. These pollutants include air pollution, water pollutants, and land pollution, which not only cause direct damage and impact the ecosystem but also endanger the health of urban residents and economic development. Therefore, researching environmental pollution management is necessary to help solve these imminent environmental problems. In addition, digital finance, based on digital technology, can identify bottlenecks in environmental pollution management, formulate more effective governance strategies, and reduce environmental pollution at the source. In this context, this study uses the environmental pollution data of 287 cities in China from 2011 to 2021. It uses the fixed-effects and mediation effect models to analyze digital finance’s role in environmental pollution management. The research shows that digital finance can promote environmental pollution management and play a promoting role through two channels of influence: green technology innovation and government green subsidies. At the same time, the effect of this promotion is more significant in cities in the Midwest and in resource-based cities. The research results propose strategies for government organizations in environmental pollution management, and alleviate current resource and environmental problems, in addition to realizing sustainable urban development.

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Data availability

Data related to the paper can be obtained from the corresponding author upon request.

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Addendum

Due to space limitations, we can only show the results of environmental pollution management calculations for 31 provincial capital cities in the “Appendix” section. The environmental pollution management data of the remaining cities can be obtained from our author.

Funding

This article is funded by the National Social Science Foundation of China (Grant No. 19BTJ056).

Author information

Authors and Affiliations

Authors

Contributions

All authors contributed to the conception and design of the research. Zhe Zhang is responsible for material preparation and data collection. The data analysis was done by Zheming Dong, and the first draft was written by Shujun Yao and Zheming Dong. All authors have read and approved the final manuscript.

Corresponding author

Correspondence to Shujun Yao.

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Not applicable.

Competing interests

The authors declare no competing interests.

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Responsible Editor: Nicholas Apergis

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Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Appendix

Appendix

Measurement results of environmental pollution management levels in 31 provincial capital cities in China

 

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

Beijing

0.8380

0.8282

0.8271

0.8291

0.8344

0.8486

0.8505

0.8652

0.8587

0.8799

0.8722

Tianjin

0.5431

0.5459

0.5342

0.5426

0.5415

0.5733

0.5558

0.5888

0.5889

0.6278

0.6204

Shanghai

0.5873

0.5217

0.5563

0.5317

0.5420

0.5227

0.6249

0.7046

0.7001

0.7064

0.7033

Chongqing

0.1088

0.1172

0.1089

0.1034

0.1012

0.1007

0.1218

0.0847

0.0867

0.0737

0.1021

Lanzhou

0.8957

0.9090

0.9100

0.9140

0.9183

0.9196

0.9085

0.9126

0.9225

0.8618

0.8635

Xining

0.8421

0.8383

0.8379

0.8412

0.8435

0.8020

0.8032

0.8026

0.8162

0.6863

0.6680

Xi’an

0.8454

0.8498

0.8612

0.8700

0.8826

0.9105

0.9045

0.9084

0.9058

0.9158

0.9147

Zhengzhou

0.6554

0.6601

0.6787

0.6592

0.6399

0.7122

0.7113

0.7098

0.7093

0.7412

0.7338

Jinan

0.8272

0.8266

0.8288

0.8334

0.8311

0.8333

0.8437

0.8480

0.8446

0.8020

0.8144

Taiyuan

0.7706

0.7860

0.8031

0.8200

0.8389

0.8679

0.8798

0.8843

0.8882

0.8591

0.8668

Hefei

0.9063

0.9036

0.9038

0.8972

0.9021

0.9136

0.9084

0.9169

0.9166

0.9036

0.9026

Changsha

0.8702

0.8618

0.8592

0.8577

0.8545

0.8758

0.8760

0.8702

0.8619

0.8788

0.8797

Wuhan

0.8703

0.8838

0.9044

0.8941

0.9015

0.9065

0.9027

0.9506

0.9513

0.8973

0.9010

Nanjing

0.6901

0.6639

0.6538

0.6584

0.6457

0.6780

0.7074

0.7322

0.7260

0.7150

0.6944

Chengdu

0.8090

0.7988

0.8012

0.7995

0.7959

0.8145

0.8142

0.8290

0.8216

0.8275

0.8295

Guiyang

0.8861

0.8953

0.8923

0.8903

0.8942

0.8510

0.8067

0.8825

0.8761

0.8172

0.8340

Kunming

0.7267

0.8897

0.8954

0.9142

0.9062

0.7873

0.8311

0.8371

0.8813

0.7534

0.7953

Harbin

0.8501

0.8823

0.9099

0.9169

0.9259

0.9074

0.9220

0.9332

0.9400

0.8943

0.9153

Changchun

0.4536

0.4236

0.4214

0.4263

0.4292

0.5287

0.5265

0.4215

0.3854

0.4004

0.4034

Shenyang

0.6277

0.6198

0.6096

0.6160

0.6354

0.6803

0.6890

0.6654

0.6620

0.6825

0.6850

Shijiazhuang

0.6687

0.6466

0.6483

0.6597

0.6772

0.6329

0.7241

0.7376

0.7439

0.7442

0.7358

Hangzhou

0.6842

0.6564

0.6542

0.6476

0.6524

0.6541

0.6636

0.7464

0.7585

0.7840

0.7774

Nanchang

0.9358

0.9258

0.9279

0.9328

0.9293

0.9153

0.9279

0.9651

0.9654

0.9377

0.9385

Guangzhou

0.8477

0.8288

0.8275

0.8292

0.8313

0.8167

0.8244

0.8975

0.8951

0.9015

0.8940

Fuzhou

0.8916

0.8973

0.8965

0.9011

0.8989

0.8613

0.8511

0.8560

0.8427

0.8241

0.8282

Haikou

0.9973

0.9961

0.9960

0.9957

0.9957

0.9965

0.9956

0.9983

0.9983

0.9950

0.9963

Nanning

0.8279

0.8195

0.8236

0.8230

0.8285

0.8638

0.8555

0.8446

0.8391

0.8291

0.8545

Lasa

0.9268

0.9233

0.9224

0.9229

0.9233

0.9381

0.9341

0.9196

0.9148

0.8997

0.9286

Yinchuan

0.9062

0.8906

0.8988

0.9053

0.9101

0.9007

0.9226

0.9235

0.9290

0.8748

0.8729

Urumqi

0.7440

0.7385

0.7501

0.7491

0.7536

0.7397

0.7297

0.7414

0.7341

0.7455

0.7500

Hohhot

0.8505

0.8476

0.8453

0.8267

0.8489

0.8035

0.8294

0.8296

0.8329

0.7756

0.8131

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Yao, S., Dong, Z. & Zhang, Z. How digital finance affects environmental pollution management: evidence from China. Environ Sci Pollut Res 30, 105231–105246 (2023). https://doi.org/10.1007/s11356-023-29787-w

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