製造業企業におけるデジタル化、グリーンファイナンス、低炭素転換：深センの企業レベルパネル分析

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

🔬研究者:企業レベルでのデジタル化・政策・金融の相互作用が低炭素転換に与える実証的メカニズムを理解できる。

🏢実務担当者:デジタル化投資とグリーンファイナンスを組み合わせた脱炭素戦略の設計に活用できる。

🏛政策担当者:炭素市場パイロットとデジタル化政策の相乗効果を踏まえた産業脱炭素政策の設計に示唆を与える。

Against the background of China’s carbon peaking and carbon neutrality goals, this study examines how the improvement of digitalization shapes the low-carbon transformation of manufacturing firms through social, institutional, and economic mechanisms. While this study regards low carbon as a problem of technology or energy efficiency, it also frames firm-level transformation as a socio-economic governance process involving policy regulation, organizational adaptation, green finance, and digital capability. Shenzhen, as China’s first emissions trading system pilot city and also a carbon peaking pilot city in China, is taken as a typical case for studying local carbon governance and digital transformation, and this case provides an appropriate background for the interaction of advanced manufacturing economic development. This study uses firm-level panel data from 150 manufacturing enterprises from 2015 to 2024, and constructs a four-dimensional analytical framework including policy instruments, technological upgrading, green finance, and the improvement of digitalization. Fixed-effects panel models are used to examine their direct effects, interaction effects, and the moderating role of digitalization improvement on three outcomes, specifically carbon emission intensity, energy intensity, and green innovation output. The results show that digitalization improvement, policy exposure, and access to technological upgrading factors are generally related to the improvement of low-carbon performance, although their effects on environmental efficiency and innovation outcomes are different. There are significant interaction effects among policy tools, technological pathways, and green finance, and the study shows that low-carbon transformation at the enterprise level depends on each driving factor, and also depends on the coordination of regulatory, technological, and financial institutions. This study contributes to the literature on digital transformation and industrial decarbonization by providing firm-level evidence on how digitalization, policy exposure, green finance, and technological upgrading jointly promote low-carbon transformation in manufacturing firms.

• openalex https://doi.org/10.3389/fenvs.2026.1876734first seen 2026-09-22 04:37:54