How Does the Low-Carbon City Pilot Policy Affect Enterprises’ Green Innovation? Empirical Evidence from the Context of China’s Digital Economy Development

Author:

Song Yinghao1,Bian Zhaian2,Ma Nianzhai1,Tu Wei1ORCID

Affiliation:

1. School of Economics, Central University of Finance and Economics, Beijing 100081, China

2. School of Management Science and Engineering, Central University of Finance and Economics, Beijing 100081, China

Abstract

The integrated development of green innovation and digital economy is crucial for addressing global climate change, promoting the application and popularization of digital technologies in the green sector, and achieving efficient, intelligent, and sustainable economic development and lifestyles. Using panel data from China’s listed enterprises from 2003 to 2021, this study examines the impacts of environmental regulations on green innovation in the low-carbon city pilot policy (LCCPP) context, which serves as a quasi-natural experiment in the digital economy. The results show that LCCPP effectively enhances enterprises’ green innovation by increasing enterprises’ environmental and research and development investments, and boosting digital transformation. Heterogeneity analysis reveals that the promotion effect of LCCPP on green innovation is highly pronounced for enterprises in the eastern region, for those with low financial constraints, and for technology-intensive enterprises. This effect is closely and positively correlated with the digital economy level in the regions where the enterprises are located. This study provides new empirical evidence for the relationship between environmental regulations and enterprises’ green innovation and discusses policy support for addressing global climate change challenges through environmental regulations in the digital economy context, thereby promoting global sustainable development.

Funder

CUFE postgraduate students support program

Publisher

MDPI AG

Reference70 articles.

1. International Energy Agency (2020). CO2 Emissions from Fuel Combustion Highlights, 2020 Edition, IEA Publications.

2. Indicators of Global Climate Change 2022: Annual update of large-scale indicators of the state of the climate system and human influence;Forster;Earth Syst. Sci. Data,2023

3. Rhodes, E., and Wield, D. (1994). Implementing New Technologies: Innovation and the Management of Technology, Wiley Blackwell.

4. Toward a new conception of the environment-competitiveness relationship;Porter;J. Econ. Perspect.,1995

5. Environmental regulations and productivity growth: The case of fossil-fueled electric power generation;Gollop;J. Political Econ.,1983

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3