The Path of Empowering Digital Industry with Green Finance for Green and Low Carbon Development

Abstract

Green and low-carbon development is a consensus among countries around the world on the development of the digital industry. The digital industry, as a pillar industry of China's economy, is a high energy consuming and carbon emitting industry. Therefore, the green and low-carbon transformation of the digital industry is of great significance for China to achieve its "dual carbon" goals. The achievement of the "dual carbon" goal relies on the support of financial services, and green finance plays three roles in guiding resource allocation, market price discovery, and risk management in its development process, mainly including financial products such as green credit, green bonds, green funds, and carbon markets. By building a green financial system that meets the requirements of low-carbon transformation, exploring new growth opportunities in the process of low-carbon transformation, taking precautions, using green finance, enterprise information environment disclosure and other means to guide the rational allocation of funds, using market means for low-carbon investment, reducing investment risks in the process of green transformation, and promoting low-carbon transformation of the digital industry.