Author(s)

Jingbao Wu ¹

Affiliation(s)

¹ Zhengzhou Business University, Zhengzhou, Henan, 450000, China

Corresponding Author

Jingbao Wu

ABSTRACT

The development model of "capital investment, resource trumpet, and pollution-intensive" violates the laws of economy and nature, and gradually reaches the limit of economic growth. The pollution and environmental damage caused by it has become the main limiting factor for the sustainable development of urban economy and society. Actively developing circular economy, taking into account economic development, resource conservation and environmental protection, and coordinating economic, social and environmental development is a necessary opportunity for urban economic development and an important way to build a green city. The circular economy is a systemic project linking the economy, technology and society. It cannot be implemented and promoted without the political support of the government, and fiscal policy is an ideal policy tool. Therefore, a comprehensive assessment of the role of fiscal and economic leverage is required, and fiscal policies that actively support the development of a circular economy need to be improved. Through the research and experiment of digital finance to promote the development of circular economy in a sustainable environment, this paper has shown that: in 2015, the general public budget expenditure of Lanzhou Municipal Government increased from 28.219 billion yuan in 2014 to 34.9 billion yuan, an increase of 6.681 billion yuan, the growth rate also increased from 16.61% in 2014 to 23.85%. Among them, the government's expenditure on energy conservation and environmental protection has also increased from 1.068 billion yuan in 2014 to 1.632 billion yuan. It can be seen from the above data that the support of digital finance has a significant effect on promoting the development of circular economy in a sustainable environment.

KEYWORDS

Sustainable Environment, Circular Economy, Economic Development, Digital Finance

CITE THIS PAPER

Jingbao Wu, Digital Finance for Circular Economy in Sustainable Environment. Financial Engineering and Risk Management (2023) Vol. 6: 1-13. DOI: http://dx.doi.org/10.23977/ferm.2023.061001.

REFERENCES

[1] Hanson G H. Why Does Immigration Divide America? Public Finance and Political Opposition to Open Borders. Peterson Institute Press All Books, 2017, 44(3):738-739.
[2] Ebaid E S. The impact of capital-structure choice on firm performance: empirical evidence from Egypt. Journal of Risk Finance, 2017, 10(5):477-487.
[3] Haan J D, Sturm J E. Finance and income inequality: A review and new evidence. Social Science Electronic Publishing, 2017, 50(dec.):171-195.
[4] Higham D J, Mao X, Sapruch L. Convergence, Non-negativity and Stability of a New Milstein Scheme with Applications to Finance. Discrete and Continuous Dynamical Systems - Series B (DCDS-B), 2017, 18(8):2083-2100.
[5] Linnenluecke M K, Chen X, Ling X. Research in finance: A review of influential publications and a research agenda. Pacific-Basin Finance Journal, 2017, 43(jun.):188-199.
[6] Coreynen W, Matthyssens P, Van Bockhaven W. Boosting servitization through digitization: Pathways and dynamic resource configurations for manufacturers. Industrial Marketing Management, 2017, 60(JAN.):42-53.
[7] Royakkers L, Timmer J, Kool L. Societal and ethical issues of digitization. Ethics and Information Technology, 2018, 20(2):1-16.
[8] Xie L L, Wang Y, Qiao S S. An improved phase digitization mechanism for fast-locking low-power all-digital PLLs. Ieice Electronics Express, 2017, 14(21):20170911-20170911.
[9] Leviakangas P, Paik S M, Moon S. Keeping up with the pace of digitization: The case of the Australian construction industry. Technology in Society, 2017, 50(Aug.):33-43.
[10] Sharma V, Gupta D K. Enriching and enhancing digital cultural heritage through crowd contribution. Journal of Cultural Heritage Management and Sustainable Development, 2017, 7(1):14-32.
[11] Meng W, Li W, Xiang Y. A bayesian inference-based detection mechanism to defend medical smartphone networks against insider attacks. Journal of Network & Computer Applications, 2017, 78(JAN.):162-169.
[12] Maiti M, Kayal P. Digitization: Its Impact on Economic Development & Trade. Asian Economic & Financial Review, 2017, 7(6):541-549.
[13] Huang J, Dai A. 3Dlite: towards commodity 3D scanning for content creation. ACM Transactions on Graphics, 2017, 36(6CD):1-14.
[14] Pagoropoulos A, Maier A, Mcaloone T C. Assessing transformational change from institutionalising digital capabilities on implementation and development of Product-Service Systems: Learnings from the maritime industry. Journal of Cleaner Production, 2017, 166(nov.10):369-380.
[15] Wang S, Liu X, Zhou C. Examining the impacts of socioeconomic factors, urban form, and transportation networks on CO2 emissions in China's megacities. Applied Energy, 2017, 185(pt.1):189-200.
[16] Saarikko T, Westergren U H, Blomquist T. The Internet of Things: Are you ready for what's coming? Business Horizons, 2017, 60(5):667-676.
[17] Khan S, Liu X, Shakil K A. A survey on scholarly data: From big data perspective. Information Processing & Management, 2017, 53(4):923-944.
[18] Syam N, Sharma A. Waiting for a sales renaissance in the fourth industrial revolution: Machine learning and artificial intelligence in sales research and practice. Industrial Marketing Management, 2018, 69(FEB.):135-146.
[19] Aguiar L. Let the music play? Free streaming and its effects on digital music consumption. Information Economics & Policy, 2017, 41(dec.):1-14.
[20] Jousse J, Ginot N, Batard C. Power Line Communication Management of Battery Energy Storage in a Small Scale Autonomous Photovoltaic System. IEEE Transactions on Smart Grid, 2017, 8(99):2129-2137.

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Accounting and Corporate Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics