政府补贴、碳减排目标约束与工业企业低碳策略选择

Government Subsidies,Constraints on Emission Reduction Targets and Firm’s Low-carbon Strategy Selections in Industrial Sector

工业企业是碳排放的主要贡献者,其低碳实践对于实现国家碳减排目标起着重要作用,探究不同类型政策如何影响企业低碳实践能够为制定积极有效的碳减排政策提供决策依据。以首个新旧动能转换综合试验区——山东省为例,构建偏最小二乘结构方程模型对山东省高耗能上市工业企业数据进行分析。实证结果表明:规模较大、行业碳排放强度较高、领导伦理型特质较强和具有国有产权特征的四类工业企业对各低碳策略选择的程度普遍较高,且更倾向选择能源低碳化和生产过程低碳化策略,其低碳策略的实施普遍受到政府补贴的支持作用,而与之相对特征的四类工业企业低碳策略选择程度普遍较低,且受到政府补贴作用相对较小;地方政府碳减排目标约束不是影响当前工业企业低碳策略选择的主要因素,其仅对个别低碳策略选择路径存在调节效应。

Industrial companies are the main contributors to carbon emissions,and their low-carbon practices play a key role in achieving national carbon reduction targets.Investigating how different types of governmental policies influence firm’s low-carbon practices would provide decision support for designing and making effective carbon abatement policies.Based on the data of energy-intensive listed industrial companies in Shandong Province,we develop partial least squares structural equation models to explores the relationship between corporate heterogeneity and their low-carbon strategies,and to examine the mediation of government low-carbon subsidies and the moderation of CO2 emissions reduction pressure.The empirical results show that the four types industrial companies with larger scale,higher carbon emission intensity,stronger leadership ethics or the characteristics of state-owned property rights have better low-carbon performance,and prefer to choose low-carbon energy and production process strategies,and their low-carbon strategies are generally supported by government subsidies.While those companies with opposite characteristics have a lower level of low-carbon practice,and they can acquire less government low-carbon subsidies;The pressure of local government on carbon emission reduction is not the main factor affecting low-carbon strategy choice,but which has a moderation effect on a small number of choice path.