Under the background of"dual-carbon",green finance is an important way to promote carbon emission reduction and realize the development of a low-carbon economy.Using provincial panel data from 2000 to 2020,t...Under the background of"dual-carbon",green finance is an important way to promote carbon emission reduction and realize the development of a low-carbon economy.Using provincial panel data from 2000 to 2020,this paper constructs a basic regression model to study the"carbon reduction"effect,mechanism of action,and heterogeneity of green finance.The study finds that:the development of green finance significantly inhibits carbon emissions and has an obvious"carbon reduction"effect;green technology innovation has a mediating effect on the carbon emission reduction effect of green finance;in regions with a high level of economic development or a high degree of marketization,the"carbon reduction"effect of green finance is significant.展开更多
The digital transformation and expansion of businesses will provide China’s low-carbon economic develop‐ment strategy with fresh impetus in the backdrop of the emerging digital economy and environmentally friendly g...The digital transformation and expansion of businesses will provide China’s low-carbon economic develop‐ment strategy with fresh impetus in the backdrop of the emerging digital economy and environmentally friendly growth.This article measures the level of enterprise digitization using two methods:the enterprise digitization index and text analysis word frequency statistics.Additionally,carbon emissions are obtained by measuring various types of emissions according to the carbon emission classification range standard.To ac‐count for endogeneity and unobservable variables,relative indicators,such as the rate of increase for company emissions of carbon,are utilized.Using microdata from Chinese listed firms from 2011 to 2021,this study ex‐amines the implications of corporate digitization on enterprise carbon emissions.This study further analyzes the transmission mechanism and investigates the function of green finance in controlling corporate digitiza‐tion and reducing corporate carbon emissions by distinguishing between two types of green patents.Research shows that businesses’carbon emissions are greatly reduced as a consequence of getting digital.Even after performing several robustness and endogeneity tests,the conclusion still remains valid.According to mecha‐nism analysis,which demonstrates that the main strategy for reducing corporate emissions of carbon through the digitalization of enterprises is to promote innovation in green technology.The regulation of green finance in enterprise digitalization will further reduce corporate carbon emissions.According to the analysis of hetero‐geneity,state-owned businesses and those situated in areas with stringent environmental regulations are more significantly impacted by enterprise digitization on corporate carbon emissions.This article discusses the mechanism of promoting corporate carbon emissions through digitalization,expands on relevant research on corporate digitalization,and analyzes the achievable paths of corporate digitalization and low-carbon develop‐ment strategies.展开更多
The disordered emission of carbon dioxide is an important sign of market failure, making it a must to "unlock" the high emission effect of carbon dioxide by effective means. From the perspective of technolog...The disordered emission of carbon dioxide is an important sign of market failure, making it a must to "unlock" the high emission effect of carbon dioxide by effective means. From the perspective of technological innovation, on the basis of the data of time series from 1985 to 2014 in Beijing, China,this article empirically analyzed the relationship between environmental regulation and carbon emissions through VAR model, impulse response function, and variance decomposition. It is concluded that in a short term, environmental regulation has an inhibitory effect on carbon emissions and technological innovation and has a positive effect on industrial structure. In a long term,environmental regulation can enhance the technological innovation and reduce the effect of carbon emissions, which may even eliminate it. Generally, environmental regulation and technological innovation have a greater impact on carbon dioxide emissions, while the industrial structure has a relatively small effect. Finally, the targeted countermeasures and suggestions are put forward.展开更多
In 2010,the National Development and Reform Commission launched the low-carbon city(LCC)pilot pro‐gram.The scope of the pilot program was then gradually expanded to address the dilemma concerning eco‐nomic developme...In 2010,the National Development and Reform Commission launched the low-carbon city(LCC)pilot pro‐gram.The scope of the pilot program was then gradually expanded to address the dilemma concerning eco‐nomic development and low-carbon transition.Selecting the second batch of LCCs in China,this study uses a combination of propensity score matching and difference-in-differences models to determine the effect of LCC pilot policies on CO_(2) emission intensity.We also used the mediation effect model to further investigate its in‐ternal mechanism.The findings of the study are as follows.First,the LCC pilot policy plays an important role in reducing carbon emissions.Second,LCC pilots policies reduce CO_(2) emissions through intermediary paths of output adjustment and technological innovation.Third,our heterogeneity analysis reveals that cities with higher levels of economic growth and better levels of human capital have superior carbon emission reduction effects;lastly,non-resource-based cities have better carbon emission reduction effects.展开更多
Green technology innovation meets the dual expectation of innovative development and green development perspectives.Under the canonical demand-pull and policy-push theories,a long-term mechanism for green technology i...Green technology innovation meets the dual expectation of innovative development and green development perspectives.Under the canonical demand-pull and policy-push theories,a long-term mechanism for green technology innovation could be formed through upstream policy push and downstream demand-pull.Leveraging China's regional carbon emission trading scheme pilots as a quasi-natural experiment,this paper examines the policy-push and demand-pull effects on innovation in renewable energy patents.The data pertain to the city-level renewable energy patents from 2000 to 2020.Based upon the triple difference-in-difference method,results suggest that both policy-push and demandpull factors exert positive effects on innovation.This paper further explores the practical and theoretical implications of green technology innovation under the new development perspective.展开更多
文摘Under the background of"dual-carbon",green finance is an important way to promote carbon emission reduction and realize the development of a low-carbon economy.Using provincial panel data from 2000 to 2020,this paper constructs a basic regression model to study the"carbon reduction"effect,mechanism of action,and heterogeneity of green finance.The study finds that:the development of green finance significantly inhibits carbon emissions and has an obvious"carbon reduction"effect;green technology innovation has a mediating effect on the carbon emission reduction effect of green finance;in regions with a high level of economic development or a high degree of marketization,the"carbon reduction"effect of green finance is significant.
文摘The digital transformation and expansion of businesses will provide China’s low-carbon economic develop‐ment strategy with fresh impetus in the backdrop of the emerging digital economy and environmentally friendly growth.This article measures the level of enterprise digitization using two methods:the enterprise digitization index and text analysis word frequency statistics.Additionally,carbon emissions are obtained by measuring various types of emissions according to the carbon emission classification range standard.To ac‐count for endogeneity and unobservable variables,relative indicators,such as the rate of increase for company emissions of carbon,are utilized.Using microdata from Chinese listed firms from 2011 to 2021,this study ex‐amines the implications of corporate digitization on enterprise carbon emissions.This study further analyzes the transmission mechanism and investigates the function of green finance in controlling corporate digitiza‐tion and reducing corporate carbon emissions by distinguishing between two types of green patents.Research shows that businesses’carbon emissions are greatly reduced as a consequence of getting digital.Even after performing several robustness and endogeneity tests,the conclusion still remains valid.According to mecha‐nism analysis,which demonstrates that the main strategy for reducing corporate emissions of carbon through the digitalization of enterprises is to promote innovation in green technology.The regulation of green finance in enterprise digitalization will further reduce corporate carbon emissions.According to the analysis of hetero‐geneity,state-owned businesses and those situated in areas with stringent environmental regulations are more significantly impacted by enterprise digitization on corporate carbon emissions.This article discusses the mechanism of promoting corporate carbon emissions through digitalization,expands on relevant research on corporate digitalization,and analyzes the achievable paths of corporate digitalization and low-carbon develop‐ment strategies.
基金Financial support from the Ministry of Education Humanities and Social Sciences Research Planning Fund Project "Study on the Implementation Effect of Pilot Policies on China's Emissions Trading"(grant number:17YJA630024)Graduate Research and Innovation Project,University of International Business and Economics "Research on the Effect of Different Types of EnvironmentalRegulation on Carbon Emissions"(grant number:201827)
文摘The disordered emission of carbon dioxide is an important sign of market failure, making it a must to "unlock" the high emission effect of carbon dioxide by effective means. From the perspective of technological innovation, on the basis of the data of time series from 1985 to 2014 in Beijing, China,this article empirically analyzed the relationship between environmental regulation and carbon emissions through VAR model, impulse response function, and variance decomposition. It is concluded that in a short term, environmental regulation has an inhibitory effect on carbon emissions and technological innovation and has a positive effect on industrial structure. In a long term,environmental regulation can enhance the technological innovation and reduce the effect of carbon emissions, which may even eliminate it. Generally, environmental regulation and technological innovation have a greater impact on carbon dioxide emissions, while the industrial structure has a relatively small effect. Finally, the targeted countermeasures and suggestions are put forward.
基金The authors gratefully acknowledge the financial support from the National Natural Science Foundation of China[Grant number:72173094,72174195].
文摘In 2010,the National Development and Reform Commission launched the low-carbon city(LCC)pilot pro‐gram.The scope of the pilot program was then gradually expanded to address the dilemma concerning eco‐nomic development and low-carbon transition.Selecting the second batch of LCCs in China,this study uses a combination of propensity score matching and difference-in-differences models to determine the effect of LCC pilot policies on CO_(2) emission intensity.We also used the mediation effect model to further investigate its in‐ternal mechanism.The findings of the study are as follows.First,the LCC pilot policy plays an important role in reducing carbon emissions.Second,LCC pilots policies reduce CO_(2) emissions through intermediary paths of output adjustment and technological innovation.Third,our heterogeneity analysis reveals that cities with higher levels of economic growth and better levels of human capital have superior carbon emission reduction effects;lastly,non-resource-based cities have better carbon emission reduction effects.
基金sponsored by the project “Economic and Environmental Assessment of Carbon Emission Trading Scheme:Theory and Evidence from China Firm-Level Data”(No. 72073055) of the National Natural Science Foundation of ChinaQinglan Project of Jiangsu Province
文摘Green technology innovation meets the dual expectation of innovative development and green development perspectives.Under the canonical demand-pull and policy-push theories,a long-term mechanism for green technology innovation could be formed through upstream policy push and downstream demand-pull.Leveraging China's regional carbon emission trading scheme pilots as a quasi-natural experiment,this paper examines the policy-push and demand-pull effects on innovation in renewable energy patents.The data pertain to the city-level renewable energy patents from 2000 to 2020.Based upon the triple difference-in-difference method,results suggest that both policy-push and demandpull factors exert positive effects on innovation.This paper further explores the practical and theoretical implications of green technology innovation under the new development perspective.
