scholarly journals Does the Low-Carbon City Pilot Policy Promote Green Technology Innovation? Based on Green Patent Data of Chinese A-Share Listed Companies

2021 ◽  
Vol 18 (7) ◽  
pp. 3695
Author(s):  
Jintao Ma ◽  
Qiuguang Hu ◽  
Weiteng Shen ◽  
Xinyi Wei
Keyword(s):  
Technological Innovation ◽  
Technology Innovation ◽  
Objective Assessment ◽  
Green Technology ◽  
Low Carbon ◽  
Corporate Financing ◽  
Multiple Dimensions ◽  
Low Carbon City ◽  
The Impact ◽  
A Share

To cope with climate change and achieve sustainable development, low-carbon city pilot policies have been implemented. An objective assessment of the performance of these policies facilitates not only the implementation of relevant work in pilot areas, but also the further promotion of these policies. This study uses A-share listed enterprises from 2005 to 2019 and creates a multi-period difference-in-differences model to explore the impact of low-carbon city pilot policies on corporate green technology innovation from multiple dimensions. Results show that (1) low-carbon city pilot policies stimulates the green technological innovation of enterprises as manifested in their application of green invention patents; (2) the introduction of pilot policies is highly conducive to green technological innovation in eastern cities and enterprises in high-carbon emission industries; and (3) tax incentives and government subsidies are important fiscal and taxation tools that play the role of pilot policies in low-carbon cities. By alleviating corporate financing constraints, these policies effectively promote the green technological innovation of enterprises. This study expands the research on the performance of low-carbon city pilot policies and provides data support for a follow-up implementation and promotion of policies from the micro perspective at the enterprise level.

scholarly journals Does Low-Carbon City Pilot Policy Alleviate Urban Haze Pollution? Empirical Evidence from a Quasi-Natural Experiment in China

2021 ◽  
Vol 18 (21) ◽  
pp. 11287
Author(s):  
Jinling Yan ◽  
Junfeng Zhao ◽  
Xiaodong Yang ◽  
Xufeng Su ◽  
Hailing Wang ◽  
...  
Keyword(s):  
Energy Consumption ◽  
Technological Innovation ◽  
Industrial Structure ◽  
Pollution Prevention ◽  
Empirical Support ◽  
Low Carbon ◽  
Haze Pollution ◽  
Starting Point ◽  
Low Carbon City ◽  
The Impact

As a comprehensive environmental regulation, the low-carbon city pilot policy (LCCP) may have an impact on haze pollution. The evaluation of the effectiveness of LCCP on haze pollution is greatly significant for air pollution prevention and control. Taking LCCP as the starting point, in this study we constructed DID, PSM-DID, and intermediary effect models to empirically test the impact and mechanism of LCCP on haze pollution, based on the panel data of 271 cities in China from 2005 to 2018. The findings show that (1) LCCP has significantly reduced the urban haze pollution, and the average annual concentration of PM2.5 in pilot cities decreased by 14.29%. (2) LCCP can inhibit haze pollution by promoting technological innovation, upgrading the industrial structure, and reducing energy consumption. Among these impacts, the effect of technological innovation is the strongest, followed by industrial structure, and energy consumption. (3) LCCP has significantly curbed the haze pollution of non-resource dependent cities, Eastern cities, and large cities, but exerted little impact on resource-dependent cities, Central and Western regions, and small and medium-sized cities. (4) LCCP has a spatial spillover effect. It can inhibit the haze pollution of adjacent cities through demonstration and warning effects. This study enriches the relevant research on LCCP and provides empirical support and policy enlightenment for pollution reduction.

scholarly journals Analysis on the Influencing Factors of Green Technological Innovation Efficiency——Based on the Perspective of the Law Construction and Banking Efficiency

2021 ◽  
Vol 275 ◽  
pp. 02056
Author(s):  
Yuxin Zhang ◽  
Chenghao Sun ◽  
Shuoxin Wang
Keyword(s):  
Technological Innovation ◽  
Technology Innovation ◽  
Legal Protection ◽  
Green Technology ◽  
High Quality ◽  
Banking Efficiency ◽  
Factors Affecting ◽  
The Law ◽  
The Impact ◽  
Law Construction

Based on provincial data from 2010 to 2016, this paper uses regression model to analyze the factors affecting the green technology innovation efficiency and discuss the impact from the perspective of law construction and banking efficiency. The result shows that the law construction significantly improves the green technology innovation efficiency while the banking efficiency has the opposite result. Therefore, it is necessary to optimize financial structure and strengthen the legal protection of technological innovation, and ultimately promote high-quality development.

scholarly journals Research on the Optimal Path of Enterprise Green Technology Innovation

2021 ◽  
Vol 252 ◽  
pp. 03036
Author(s):  
Zhiyu Li ◽  
Pengjuan Lv ◽  
Shuai Hong
Keyword(s):  
Environmental Regulation ◽  
Technological Innovation ◽  
Technology Innovation ◽  
Optimal Path ◽  
Innovation System ◽  
Green Technology ◽  
Policy Tools ◽  
Green Development ◽  
The Impact

The construction of a green technology innovation system should not only give attention to technological innovation, but also pay attention to the heterogeneity of the enterprise itself. Therefore, from the dual perspectives of environmental regulation and corporate heterogeneity, we analyze the impact of corporate green technology innovation and believe that building a market-oriented green technology innovation system requires improving green development efficiency, promoting green technology R&D and application, and strengthening the combination of policy tools. Thus to support green transformation and development.

scholarly journals Do the Green Credit Guidelines Affect Corporate Green Technology Innovation? Empirical Research from China

2021 ◽  
Vol 18 (4) ◽  
pp. 1682
Author(s):  
Min Hong ◽  
Zhenghui Li ◽  
Benjamin Drakeford
Keyword(s):  
Technology Innovation ◽  
Green Technology ◽  
Debt Financing ◽  
Financing Constraints ◽  
Difference Model ◽  
Financing Constraint ◽  
Important Means ◽  
Regulatory Commission ◽  
The Impact ◽  
Innovation Policies

Green technology innovation is regarded as an important means to achieve sustainable development. Countries all over the world mainly implement green technology innovation policies from the aspects of environmental regulation and financing constraints. The effect of financing constraint policy on enterprise green technology innovation remains to be investigated. Based on the event of “green credit guidelines” issued by China Banking Regulatory Commission in 2012, this paper collects the panel data of China’s 2825 listed companies from 2007 to 2018, constructs a difference-in-difference model, and studies the impact of green credit guidelines on corporate green technology innovation and its mechanism. The empirical results show: First, green credit guidelines can promote corporate green technology innovation on the whole. Second, the mechanism of green credit on enterprise green technology innovation is identified. Green credit guidelines mainly limited green technology innovation through reducing debt financing, rather than through financing constraints. Third, the impact of green credit guidelines on green technology innovation is heterogeneous. Green credit guidelines have a significant effect on the green technology innovation of state-owned and large enterprises, but have no effect on the green technology innovation of non-state-owned and small ones.

Research on the Low-Carbon Technology Innovation System of Petroleum Enterprises

2014 ◽  
Vol 521 ◽  
pp. 810-814
Author(s):  
Jie Luo
Keyword(s):  
Technological Innovation ◽  
Technology Innovation ◽  
Innovation System ◽  
Decisive Role ◽  
System Optimization ◽  
System Construction ◽  
Low Carbon ◽  
The Core ◽  
Enterprise Technology ◽  
Core Activity

Technological innovation is the core activity of petroleum enterprises. Low-carbon technology innovation system construction and optimization play a decisive role for improving the ability of technological innovation and sustainable development. Based on analyzing the meaning of enterprise technology innovation system, detailed the structure of the low-carbon technology innovation system of petroleum enterprises, pointed out the direction and the main content of the low-carbon technology innovation system optimization, and provided a reference for Chinese petroleum enterprises to develop low-carbon technology innovation.

scholarly journals The Heterogeneous Effects of Different Environmental Policy Instruments on Green Technology Innovation

2019 ◽  
Vol 16 (23) ◽  
pp. 4660 ◽  
Author(s):  
Yi ◽  
Fang ◽  
Wen ◽  
Guang ◽  
Zhang
Keyword(s):  
Environmental Policy ◽  
Technology Innovation ◽  
Policy Instruments ◽  
Threshold Effect ◽  
Fixed Effect Model ◽  
Green Technology ◽  
Environmental Policy Instruments ◽  
Heterogeneous Effects ◽  
Different Types ◽  
The Impact

Environmental regulation is an important driving force of green technology innovation. In this paper, environmental policy instruments are classified into three categories: command-control, market-incentive and social-will. Based on the panel data of 30 provinces in China from 2010 to 2017, a fixed effect model and a panel threshold regression model are used to test the heterogeneous effects of different types of environmental policy instruments on the green technology innovation in China. The results show that: (1) Overall, China’s environmental policy instruments do not provide sufficient impetus for green technology innovation; (2) The impact of command-control environmental policy instruments on green technology innovation has a single threshold effect. When its intensity exceeds a certain threshold, green technology innovation is improved. The impact of market-incentive environmental policy instruments on the green technology innovation shows a double threshold effect, that is to say, only when its intensity maintained within a reasonable interval, can green technology innovation be promoted by it; (3) There is significant spatial difference in the impact of different types of environmental policy instruments on green technology innovation. In order to induce green technology innovation, it is necessary to formulate a combined and differentiated environmental policy system, while rationally adjusting the strength of different types of environmental policy instruments.

scholarly journals How Does Green Technology Innovation Affect Carbon Emissions? A Spatial Econometric Analysis of China’s Provincial Panel Data

2021 ◽  
Vol 9 ◽  
Author(s):  
Aixin Cai ◽  
Shiyong Zheng ◽  
LiangHua Cai ◽  
Hongmei Yang ◽  
Ubaldo Comite
Keyword(s):  
Carbon Dioxide ◽  
Sustainable Development ◽  
Economic Development ◽  
Panel Data ◽  
Technological Innovation ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Technology Innovation ◽  
Green Technology ◽  
Research Results

Due to an increasing number of issues such as climate change, sustainable development has become an important theme worldwide. Sustainable development is inseparable from technological innovation. Only by making technological breakthroughs can we ensure the overall integration of economic development and environmental protection. Here, based on China’s inter-provincial panel data from 2006 to 2019, we examine the relationship between green technological innovation and carbon dioxide (CO2) emissions in 30 provinces (excluding Hong Kong, Macao, Taiwan, and Tibet) and sub-regions (eastern, central, and western China) in China using a space panel econometric model based on the STIRPAT equation. Additionally, we use geographic information analysis methods to analyze the spatial pattern and evolution characteristics of CO2 emissions. Our major finding is that, from the perspective of the whole country, green technology innovation has a negative correlation with carbon emissions, but the effect is not obvious. In addition, from the regional sample, green technology innovation in the eastern and central regions can effectively reduce carbon emissions, while in the western region, green technology innovation can promote carbon emissions in the province. At the same time, the research results show a strong spatial spillover effect of inter-provincial carbon dioxide emissions, and the progress of green technology in neighboring provinces has a negative impact on carbon emissions in their own provinces. Therefore, cross-province policies and actions for reducing carbon emissions are necessary. Additionally, our results show that carbon-emission driving factors, such as economic development, industrial structure, energy consumption structure, and population, have a significant positive effect on carbon dioxide emissions. Based on the above research results, we put forward corresponding policy recommendations.

scholarly journals Analysis of Green Technology Upgrading Strategy Based on Collaborative Incentive of Environmental Policy and Green Finance

2021 ◽  
Vol 9 (1) ◽  
pp. 61-73
Author(s):  
Xiuli Tan ◽  
Zhaorong Sun ◽  
Zhongquan Chen ◽  
Zhisong Chen
Keyword(s):  
Environmental Policy ◽  
Technological Innovation ◽  
Environmental Governance ◽  
Technology Innovation ◽  
Programming Model ◽  
Green Technology ◽  
Optimal Decision ◽  
Financial Policy ◽  
Green Finance ◽  
Technology Upgrading

Abstract With the continuous development of economy, the bottleneck problem of environmental resources has become increasingly prominent. Enterprise environmental governance technology innovation incentive has become an important issue for the development of government, society and enterprises. Under the control of enterprise’s expected economic target, this paper discusses the synergistic incentive effect of environmental policy and green finance on enterprise’s environmental governance technology innovation decision by using nonlinear programming model. The results show that when the funds for environmental governance technological innovation are insufficient, there is an optimal decision space to use green financial loans to implement technological innovation and upgrade, and then achieve the expected economic goals; Under a given level of environmental governance technology, environmental policies affect whether enterprises can make decisions on technological innovation and upgrading of environmental governance; Green financial mechanism will not. However, when the enterprise makes the decision of environmental governance technology upgrading, it will affect the enterprise’s decision on green financial loan amount. The results of the study have guiding significance for the formulation of environmental policy and green financial policy, as well as the decision-making of enterprise environmental governance technology innovation and upgrading.

scholarly journals Environmental Regulation, Government Subsidies, and Green Technology Innovation—A Provincial Panel Data Analysis from China

2021 ◽  
Vol 18 (22) ◽  
pp. 11991
Author(s):  
Pei Wang ◽  
Cong Dong ◽  
Nan Chen ◽  
Ming Qi ◽  
Shucheng Yang ◽  
...  
Keyword(s):  
Environmental Regulation ◽  
Technology Innovation ◽  
Panel Data Analysis ◽  
Green Technology ◽  
Role Of Government ◽  
New Era ◽  
Government Subsidies ◽  
The North ◽  
The Impact

Economic development in the “new era” will require green innovation. To encourage the growth of green technology innovation, it has become fashionable to strengthen environmental regulation. However, the impact of environmental regulation on green technology innovation, as well as the role of government subsidies, needs to be examined. Utilizing fixed-effect models and 2SLS models to explore the impact of environmental regulation on green technology innovation in China from 2003 to 2017, this research sought to examine whether environmental regulations impact green technology innovation, as well as the role of government subsidies in the above-mentioned influence path. The findings support the Porter Hypothesis by demonstrating an inverted “U” relationship between environmental regulation and green technology innovation. The impact of environmental regulation on green technology innovation varies by region. To be specific, there is an inverted “U” relationship between environmental regulation and green technology innovation in China’s central and central coast regions. In comparison, the north area, southern coast, and southwest region exhibit a “U” relationship between the two. The relationship is not significant in the Beijing-Tianjin region. Additionally, government subsidies act as an intermediate in this process, positively influencing firms to pursue green technology innovation during the earliest stages of environmental regulation strengthening. However, government subsidies above a certain level are unproductive and should be used appropriately and phased off in due course.

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