Analysis On The Impact Of Digital Financial Inclusion On Green Technology Innovation

China has developed into a new stage,in the context of “dual carbon”,green development has become an inevitable choice for the sustainable development of China’s economy.Green development should be combined with innovation,give full play to the role of innovation as the "first driving force",and promote green technology innovation,so that China’s economic construction and ecological protection resonate at the same frequency.Green technology innovation has high investment costs and risks in the early stage,and faces serious financing constraints.With the advantage of digital technology,digital inclusive finance solves the financing problems of enterprises by reducing financing costs,and provides funds for enterprises’ green technology innovation.Therefore,exploring the influence of digital inclusive finance on enterprises’ green technology innovation and analyzing the conduction role of financing constraints will help enterprises accelerate green transformation and upgrading,realize sustainable development,promote China’s ecological civilization construction and realize the goal of "beautiful China"This paper firstly reviews relevant literature at home and abroad,expounds relevant theories,and briefly analyzes the development status of digital inclusive finance,enterprise green technology innovation and financing constraints.Then,the financial data of China’s A-share listed enterprises from 2011 to 2020 were selected and matched with Peking University Digital inclusion finance index to build A dual-fixed effect model to study the impact of digital inclusion finance on enterprises’ green technology innovation,and the transmission mode of financing constraints was confirmed by mechanism test.Finally,enterprises are further grouped according to the nature of the region and industry properties to explore the differences in the incentive effect of digital financial inclusion innovation.After empirical research,this paper draws the following conclusions:(1)Digital inclusive finance can significantly promote enterprises’ green technology innovation,and this promotion effect mainly comes from the coverage of digital inclusive finance and the degree of digitization.(2)In the innovative incentive role of digital inclusive finance,financing constraints play a transmission role,and this transmission effect is mainly achieved by reducing financing costs.(3)Compared with regions with a high level of marketization,digital inclusive finance can promote enterprises in areas with a low level of "marketization" to innovate green technology.(4)The innovation incentive effect of digital inclusive finance is different in different industries.Compared with high-tech enterprises,digital inclusive finance can promote the green technology innovation of non-high-tech enterprises.Compared with non-heavy polluting enterprises,digital inclusive finance can promote the green technology innovation of heavy polluting enterprises.Based on the research conclusions,this paper proposes that the government should promote the development of digital inclusive finance,and implement differentiation strategies in the development process.Enterprises should enhance their sense of social responsibility,accelerate digital transformation and green transformation,and financial institutions should provide financial support for enterprises,improve service level and optimize service quality.