Based on the background of China’s “carbon neutral” policy and the booming digitalization, how does environmental regulation affect green economy performance? The existing literature has studied the impact of energy consumption on green economic performance. However, the literature has ignored the impact of carbon dioxide emissions on China’s green economy performance. In this regard, this research uses the non-radial distance function (NDDF) to calculate the green economic performance of China’s prefecture-level cities, and uses the dynamic panel threshold model and the systematic GMM method to study the nonlinear impacts and mechanisms of environmental regulation, digital development, technological innovation, and industrial structure upgrade on green economic performance. The panel data set contains 228 Chinese cities from 2003 to 2019. The following findings are established: first, after adding carbon dioxide emissions to China’s green economy performance, the environmental performance was reduced, and the green economy performance was also reduced. Second, the impact of environmental regulations on green economic performance has a double-threshold effect, with threshold values of −0.267 and 3.602, and this double-threshold effect has temporal and regional heterogeneity. Third, environmental regulations of different intensities have a single-threshold effect between digital development, technological innovation, and industrial structure upgrade, with threshold values of 2.955, 3.957, and 2.249, respectively. Fourth, digital development, technological innovation, and industrial structure upgrade promote green economic performance. Fifth, environmental regulation acts on green economic performance through the transmission of digitalization, technological innovation, and industrial structure upgrade. Based on these empirical findings, this research suggests that Chinese local governments should appropriately increase the intensity of environmental regulations, strengthen the digital application and technological innovation, and promote the upgrading of industrial structure to achieve the improvement of urban green economic performance.

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Carbon emissions trading policy has received widespread attention from scholars as a core policy tool to reduce carbon emissions. While most scholars have previously focused on the carbon emission reduction effect, this paper investigates the impact of carbon emissions trading policy on green technology innovation using a differences-in-differences method based on provincial panel data from 2005–2019, using a carbon emissions trading pilot as a quasi-natural experiment. The findings show that the policy can significantly promote green technology innovation, but with a lagged effect, and this finding still holds in the robustness test. Further heterogeneity analysis reveals that the stronger the human capital, the stronger the intellectual property protection and the stronger the marketization with better policy effects. In addition, carbon emissions trading policy can indirectly affect green technology innovation by influencing research investment.

At present, in the context of the era of energy and digital reform enabling the “dual carbon” goal, in order to improve the performance of urban green innovation, digitalization has become more and more important. Based on panel data, taking 228 prefecture-level cities in China from 2003 to 2019 as an example, this study expounds three dimensions of promoting green innovation performance in the internal mechanism of digital development: direct transmission mechanism, indirect transmission mechanism, and regional heterogeneity transmission mechanism. This article uses mechanism analysis and adopts a dynamic spatial panel model and systematic GMM method to empirically test the growth effect of green innovation performance endowed by digitization. This article found that green innovation performance showed regional heterogeneity and urban heterogeneity after adding carbon dioxide emissions from energy consumption, and digital development significantly improved the level of innovation performance. Further research found that digitalization has a positive impact on technological innovation, and technological innovation also has a positive impact on green innovation performance. And technological innovation plays a mediating role between digitalization and green innovation performance. Different intensities of environmental regulation play a positive moderating role in the impact of digitalization on green innovation performance.