Climate-intelligent cities and resilient urbanisation: Challenges and opportunities for information research

The impact of urbanisation on green total factor productivity: Exploring threshold and mediating effects of human capital

Green development is main direction of high-quality economic development in China. Urbanisation and human capital (HC) are important factors affecting green development. This study examines effects of urbanisation and HC on green total factor productivity (GTFP) using least squares dummy variable model, based on provincial data in China from 2001 to 2019. This study then explored impact of urbanisation on GTFP through HC (educated HC, healthy HC, and HC structure), adopting mediating effect and threshold effect model. The results showed that urbanisation and three types of HC promote GTFP in China and coastal region. In inland region, urbanisation has insignificant impact on GTFP, while educated HC and HC structure improve it. The mediating analysis revealed that educated and healthy HC in China and coastal region enhance promotion effect of urbanisation on GTFP, whereas HC structure hinders it. In inland region, only healthy HC stimulates promotion effect of urbanisation on GTFP. Considering threshold effect of educated and healthy HC, promotion effect of urbanisation on GTFP is weaker than threshold value; but effect is stronger above threshold value. The promotion effect of urbanisation on GTFP is stronger when value of HC structure is below the threshold, while effect is weakened as value exceeds threshold value. Policy implications are documented to promote urbanisation in a differentiated manner, increase investment in HC, and strengthen coordination between urbanisation and HC.

Digital economy development boosts urban resilience-evidence from China

Focusing on the impact of the digital economy on urban resilience is beneficial to the sustainable development of cities. This paper empirically examines the impact of digital economic development on urban resilience and its mechanisms by measuring urban resilience and the level of urban digital economy with the entropy-weighted TOPSIS method using the data of 252 Chinese cities from 2011 to 2020. The findings show that digital economic development effectively promotes urban resilience at the 1% significance level, and this conclusion remains valid after a series of endogeneity and robustness tests. The channel mechanism suggests that the development of the digital economy can improve urban resilience by optimizing urban distributional effects and promoting the upgrading of urban industrial structures. This paper discusses the nonlinear relationship between the two using the MMQR model and the threshold model. The results show that urban resilience development level is in a higher quartile of cities, and digital economy development has a greater impact on urban resilience improvement. Meanwhile, there are two threshold values for the nonlinear impact of the digital economy on urban resilience, which are 0.026 and 0.082, respectively. Further, the spatial effect between the two is also verified. From the perspective of heterogeneity analysis, the digital economy development of high-class cities, key city clusters, and cities in eastern and western regions has a greater effect on urban resilience. This study can provide ideas and inspiration for countries to enhance urban resilience and promote sustainable urban development through the development of the digital economy.

Is green FinTech reshaping the finance sphere? Unravelling through a systematic literature review

The revolutionary and transformative potential of FinTech has led to the Green Digital Finance Alliance, noting the dawn of a new era of FinTech-"the green FinTech", yet, surprisingly, the scholarly exploration surrounding climate finance in general and green FinTech and climate FinTech remains restrained. In our attempt to decode the intricate interlinkage between green finance and FinTech, the study wrestles with the theoretical complexity of the "green FinTech" concept through a systematic review of relevant studies and conceptual mapping. We develop a comprehensive grasp of the concept, how to leverage it to combat the pressing climate crisis, and its implications for the FinTech segment-the first of its kind in the scanty green FinTech literature. Based on the PRISMA analysis, we find that green FinTech promotes a green economy through its manifold impact on all aspects of the finance sphere, thereby channelling climate finance and promoting sustainability. It has the power to heighten inclusivity, disclosure, trust, and democratisation, thus reducing information asymmetry and greenwashing. Hence, FinTech integration can be game-changing in eliminating the hurdles before conventional green finance. However, the literature remains fragmented, along with a young, growing green FinTech market. Therefore, this study proposes a framework for future researchers by providing a holistic research agenda to fully integrate "green FinTech" into practical real-world applications.

Study on the coupling coordination development of China's multidimensional digital economy and industrial carbon emission efficiency

Exploring the coupling coordination between China's digital economy (DE) and industrial carbon emission efficiency (ICEE) is of great significance for achieving sustainable development goals. In the study, a multidimensional indicator system was established to evaluate DE, and spatiotemporal analysis and network analysis methods were used to reveal the dynamic evolution characteristics of DE and ICEE. The coupling coordination model and convergence model were adopted to explore the development trend of coupling coordination between DE and ICEE. The results show that the ICEE and DE in various provinces of China exhibit obvious spatial heterogeneity and spillover effects. Currently, the coupling coordination degree between the development of China's DE and ICEE has reached the level of primary coordination or above. The coupling coordination degree between DE and ICEE in the eastern, central, and northeastern regions has reached an intermediate level or above, with the highest degree in the eastern region. The fluctuation of China's ICEE has consistent σ-convergence and β-convergence, and the convergence effect is higher with the introduction of the DE than without it. The condition β-convergence result indicates that underdeveloped regions can narrow the gap between their ICEE and that of developed regions by utilizing their resource endowments, industrial structure, human capital, and other conditions, improving emission reduction measures and policies. This study provides a certain reference for the green and low-carbon development of industry in China and other developing countries in the digital economy era.

Can financial technology development reduce household energy consumption? Evidence from China

This paper examines whether financial technology (FinTech) development affect household energy consumption. The proposed point that FinTech can reduce household energy consumption is theoretically discussed and empirically tested using data from the 2017 Digital Financial Inclusion Index, the 2018 China Family Panel Studies (CFPS), the 2018 China Environmental Statistical Yearbook and the 2018 China Science and Technology Statistical Yearbook. The results show that FinTech contributes to reducing household energy consumption. Several retests, including the instrumental variable, replacement sample and propensity score matching methods, prove its robustness. Mechanism tests show that investment in environmental governance and technological innovation promotion are the two main transmission channels. We also find that the reducing effect is more significant in the following groups: the low-middle income level classes, the eastern regional residents, those with bachelor's degrees and above, the those aged over 60 and rural residents. The outcomes of this paper call for government departments to positively guide FinTech development to reduce household energy consumption. From another perspective, the conclusions drawn from our analysis make a great reference value for countries and provide new ideas for Chinese carbon peaking and carbon neutralisation goals.

Management of Smart and Sustainable Cities in the Post-COVID-19 Era: Lessons and Implications

Nowadays, the concept of smart sustainable governance is wrapped around basic principles such as: (i) transparency, (ii) accountability, (iii) stakeholders’ involvement, and iv) citizens’ participation. It is through these principles that are influenced by information and communication technologies (ICT), Internet of Things (IoT), and artificial intelligence, that the practices employed by citizens and their interaction with electronic government (e-government) are diversified. Previously, the misleading concepts of the smart city implied only the objective of the local level or public officials to utilize technology. However, the recent European experience and research studies have led to a more comprehensive notion that refers to the search for intelligent solutions which allow modern sustainable cities to enhance the quality of services provided to citizens and to improve the management of urban mobility. The smart city is based on the usage of connected sensors, data management, and analytics platforms to improve the quality and functioning of built-environment systems. The aim of this paper is to understand the effects of the pandemic on smart cities and to accentuate major exercises that can be learned for post-COVID sustainable urban management and patterns. The lessons and implications outlined in this paper can be used to enforce social distancing community measures in an effective and timely way, and to optimize the use of resources in smart and sustainable cities in critical situations. The paper offers a conceptual overview and serves as a stepping-stone to extensive research and the deployment of sustainable smart city platforms and intelligent transportation systems (a sub-area of smart city applications) after the COVID-19 pandemic using a case study from Russia. Overall, our results demonstrate that the COVID-19 crisis encompasses an excellent opportunity for urban planners and policy makers to take transformative actions towards creating cities that are more intelligent and sustainable.

Study on the mechanism of public attention to a major event: The outbreak of COVID-19 in China

This study focuses on public attention to major events, which has become an important topic in the context of the COVID-19 pandemic. In the background of the global transmission of COVID-19, this study discusses the relationship between information shock and sustainable development, which is rarely mentioned before. By developing an appropriate theoretical model, we discuss how the level of public attention changes over time and with the severity of events. Then we use data on the daily clicks on a popular Chinese medical website to indicate public attention to the pandemic. Our analysis shows that, in the first half of 2020, the level of public attention is closely related to the scale of domestic transmission. The marginal effect of the domestic cases in the first wave is 1% to 0.217%. After the pandemic was largely under control in China, people still followed the latest news, but the scale of public attention to regional transmission diminished. And when the pandemic quickly and severely worsened in other countries, people in China were very attentive, that is, public attention increased. The time interval of social reaction we calculate is fairly stable, with a value of between 0 and 5 most of the time. The average time interval from January 2020 to May 2021 ranges from 1.76 days to 1.94 days, depending on the choice of models and parameters. This study suggests that raising public participation in dealing with the crisis over the long term would be enhanced in China by media encouragement to pay more attention to small-scale regional transmission and the course of the pandemic in other countries. The goal of sustainable development requires dealing with health and economic crises much better in the long term. Thus, the model and method used in the paper serve to enhance general interest.