Giving full play to these significant advantages of digital finance will help promote green and low-carbon development
The "Decision of the Central Committee of the Communist Party of China on Further Comprehensively Deepening Reforms and Promoting China's Modernization"(referred to as the "Decision") emphasizes the importance of deepening the reform of the ecological civilization system, especially improving the green and low-carbon development mechanism, which is an important measure for my country to promote the construction of ecological civilization and achieve high-quality development.
The "Decision" proposes a series of major arrangements to improve the green and low-carbon development mechanism, including but not limited to implementing fiscal, taxation, finance, investment, price policies and standard systems to support green and low-carbon development, optimizing government green procurement policies, and establishing a new mechanism for comprehensive transformation from dual control to dual control of carbon emissions. This will help promote the formation of green production and lifestyles, thereby solving ecological and environmental problems, promoting sustainable economic and social development, and promoting harmonious coexistence between man and nature.
The author believes that digital finance plays an important role in empowering green and low-carbon development mechanisms, and jointly promotes the realization of green and low-carbon development by improving the coverage and accuracy of green financial services, optimizing resource allocation, strengthening supervision and evaluation, and promoting deep integration with the real economy.
The main direction of digital finance to support green and low-carbon development mechanisms
The green and low-carbon development mechanism refers to a mechanism that promotes the transformation of the economy and society into a sustainable development model with low energy consumption, low pollution and low emissions through a series of policies, systems and technical means. Digital finance refers to a new type of finance that uses modern information technology means such as big data, cloud computing, artificial intelligence, and blockchain to achieve innovation, optimization and expansion of financial services and improve the efficiency, convenience and inclusiveness of financial services. model. The directions of digital finance to support green and low-carbon development mechanisms are as follows:
The first is to optimize resource allocation. Digital finance can accurately identify and evaluate green and low-carbon projects through big data analysis and artificial intelligence technology. By building a green and low-carbon project database and evaluation model, digital financial platforms can screen out green projects with potential and value and provide them with precise financing support. This optimization will help invest limited financial resources in green and low-carbon fields and promote the implementation and implementation of green and low-carbon projects.
The second is to reduce financing costs and thresholds. Traditional green finance often faces the problems of high financing costs and high thresholds, which limits the participation of small and medium-sized enterprises and individual investors. Digital finance breaks down this barrier by reducing financing costs and thresholds. On the one hand, digital financial platforms can use big data analysis and artificial intelligence technology to reduce risk assessment costs and information asymmetry; on the other hand, digital financial platforms can also provide convenient and efficient financing services to reduce the financing costs and difficulty of small and medium-sized enterprises. This will help stimulate market vitality and innovation power, and promote the popularization and deepening of green and low-carbon development.
The third is to enhance market transparency and credibility. Digital finance has improved the transparency and credibility of the green financial market by building infrastructure such as green financial information management systems and trading platforms. On the one hand, digital financial platforms can publish information and data on green financial products in real time to provide investors with comprehensive and accurate information support; on the other hand, digital financial platforms can also ensure green financial products through standardized and standardized information disclosure requirements. Authenticity and compliance. This will help improve the overall quality and efficiency of the green financial market and attract more investors to participate in green and low-carbon development.
The fourth is to support the implementation and supervision of green finance policies. Digital finance also plays an important role in supporting the implementation and supervision of green finance policies. On the one hand, digital financial platforms can assist government departments in formulating and implementing green financial policies, and provide scientific basis for policy formulation by providing data support, risk assessment and other services; on the other hand, digital financial platforms can also assist regulatory authorities in strengthening their supervision of green financial markets. The intensity and frequency of supervision of the financial market ensures the healthy and stable development of the market through real-time monitoring, early warning and disposal of risk events. This will help promote policy implementation and effect evaluation for green and low-carbon development.
Give full play to the advantages of digital finance to promote green and low-carbon development
Digital finance has significant advantages in terms of channels, data, processing capabilities, etc. These advantages help to produce inclusive effects, long tail effects and precision effects, and promote the efficient development of green and low-carbon development mechanisms.
The inclusive effect means that with the help of digital technologies such as the Internet of Things, the Internet, and big data, digital finance can reach more physical enterprises, especially those small and micro enterprises that are difficult to obtain adequate support in the traditional financial system. These enterprises are an important force in green and low-carbon transformation, but they often face problems such as financing difficulties and poor information. The popularization of digital finance has effectively lowered the threshold for these companies, allowing them to more easily obtain green financial services. Through big data analysis and intelligent risk control technology, digital finance can conduct more accurate risk assessments of enterprises and effectively reduce systemic risks. This will help financial institutions be more prudent in supporting green and low-carbon projects and improve the efficiency of capital utilization. At the same time, digital finance can also benefit more people and encourage them to participate in green and low-carbon life. At present, many commercial banks have launched "personal carbon accounts", such as the "carbon ledger" of China Construction Bank APP and the "low-carbon home" of Ping An Bank APP, etc., which use digital technology to record users 'carbon emission reduction behaviors and provide corresponding incentives. Measures.
The long tail effect means that digital technologies such as artificial intelligence can deeply dig into effective information in data and identify potential green finance needs. These needs often come from long-tail inclusive groups, such as small and medium-sized enterprises, rural residents, etc. Their green finance needs are diverse and complex. Based on the results of data mining, digital finance can adjust resource matching strategies to meet the diversified financing needs, link needs and wealth needs of the long-tail inclusive group. For example, users are provided with personalized green financial product recommendations through intelligent recommendation systems. The long tail effect helps break the "28 Law" in the traditional financial system, allows more groups that are otherwise difficult to obtain financial services to enjoy the benefits of green finance, and promotes the fair distribution of financial resources.
Precision effect refers to the comprehensive use of multiple digital technologies, and digital finance achieves intelligence, personalization and efficiency of financial services. Through digital transformation, digital financial platforms can turn from passive to active, proactively discover and meet the diversified needs of physical enterprises and the inclusive public. This proactive service model improves the pertinence and effectiveness of financial services. The ultimate goal of precision effect is to achieve the ultimate satisfaction of the diversified needs of entity enterprises and the inclusive public. In the field of green and low-carbon, this means that digital finance will provide companies with more precise green financial products and services to support their green and low-carbon transformation. At the same time, we will provide the public with more convenient and efficient green financial services and encourage them to participate in green and low-carbon life.
Policy recommendations to promote digital finance to support green and low-carbon development
In order to further promote digital finance to support green and low-carbon development, the author puts forward the following suggestions.
The first is to strengthen top-level design and policy guidance. It is recommended that the government introduce more complete green finance policies, clarify the positioning and role of digital finance in supporting green and low-carbon development, and provide policy guarantees for digital finance to support green and low-carbon development. It is recommended to formulate relevant plans for digital finance to support green and low-carbon development in conjunction with the national strategic goals of carbon peaking and carbon neutrality, and clarify development goals, key tasks and safeguard measures.
The second is to innovate digital financial products and services. Encourage financial institutions to use digital technology to innovate green financial products, such as actively developing exclusive green credit products for small and micro enterprises, individual industrial and commercial households and inclusive groups based on large data risk control to meet the diversified financing needs of green and low-carbon projects. Promote the use of big data, artificial intelligence and other technologies, develop smart investment, smart credit rating and other services, and guide institutional investors to invest funds in green and low-carbon fields.
The third is to improve the efficiency and security of digital financial services. Strengthen financial network security and information protection, promote the application of blockchain, big data and other technologies in the field of green finance, and improve data sharing and transaction efficiency. Establish and improve the digital financial regulatory framework, strengthen supervision of digital financial services, and prevent financial risks.
The fourth is to strengthen international cooperation and exchanges. Actively participate in the formulation and promotion of relevant international standards, promote cooperation with international financial institutions, and introduce international advanced technology and management experience to enhance my country's international voice and influence in the field of digital finance supporting green and low-carbon development.
Author's unit: Far East Credit Evaluation Co., Ltd.
