Advances in Economics, Management and Political Sciences

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Proceedings of the 3rd International Conference on Business and Policy Studies

Series Vol. 67 , 05 January 2024

Open Access | Article

What is the Impact of Fiscal Technology Expenditure on Carbon Emission Reduction? Evidence from Guangdong Province in China

Zhang Xinqi * 1 , Ye Yanxia 2 , Wang RongSheng 3
1 Jinan University
2 Jinan University
3 Jinan University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 67, 50-61
Published 05 January 2024. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Zhang Xinqi, Ye Yanxia, Wang RongSheng. What is the Impact of Fiscal Technology Expenditure on Carbon Emission Reduction? Evidence from Guangdong Province in China. AEMPS (2024) Vol. 67: 50-61. DOI: 10.54254/2754-1169/67/20241263.

Abstract

China has put forward the strategic goal of striving to achieve peak carbon by 2030 and carbon neutrality by 2060, and reducing carbon emission intensity is a top priority. This paper analyses the impact of local government fiscal science and technology expenditures on carbon emission intensity based on a fixed panel regression model using panel data of 21 cities in Guangdong Province from 2000 to 2019, and draws the following main conclusions: (1) Higher fiscal science and technology expenditures significantly promote the reduction of carbon emission intensity. Specifically, for every 1% increase in expenditures, the carbon emission intensity decreases by 0.221%; (2) The mechanism includes promoting the level of green innovation and promoting the level of new and high technology. Therefore, local governments should pay attention to the role of environment-friendly science and technology innovation on low-carbon development, help glow-carbon research and application transformation, strengthen the regulation of heavy polluting enterprises, and guide the capital to green industries, so as to embark a new road of high-quality economic development and carbon reduction.

Keywords

carbon emission intensity, financial science and technology expenditure, green innovation, mechanism analysis, high tech development

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 3rd International Conference on Business and Policy Studies
ISBN (Print)
978-1-83558-265-7
ISBN (Online)
978-1-83558-266-4
Published Date
05 January 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/67/20241263
Copyright
05 January 2024
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated