Green innovation, environmental governance and green investment in China: Exploring the intrinsic mechanisms under the framework of COP26

Li, Jing Claire; Razzaq, Asif; Irfan, Muhammad; Luqman, Adeel

doi:10.1016/j.techfore.2023.122708

Cited by 28 publications

(3 citation statements)

References 69 publications

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“…Using Panel Pooled Mean Group (PMG) technique, the study found that green investment potential positively affects renewable energy deployment 16 . Finally, from the perspective of R&D and innovation, some scholars use multiple regression models to conduct empirical analyses, and the results show that environmental regulation, by increasing green investment, not only benefits green innovation in the region, but also contributes to the neighboring region's 17 .…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of environmental regulation on green investment efficiency of thermal power enterprises in China-based on a three-stage exogenous variable model

Ren,

Wu,

Ren

et al. 2024

Sci Rep

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Due to the increased frequency of extreme weather events and the implementation of the China’s dual-carbon target, thermal power companies have been under pressure to construct green infrastructure and to actively pursue low-carbon transformation in response to stricter environmental regulations. This research thus selects 30 listed thermal power enterprises in China as study objects and assesses their green investment efficiency in the low-carbon transition process using three-stage DEA evaluation model with environmental regulation as an exogenous variable. Based on this, a benchmark regression model is used to corroborate the relationship between environmental regulation and green investment. Simultaneously, we carry out analysis to compare the correlation between thermal power firms’ green investment efficiency and their focus on green investments. The results show in terms of total efficiency that environmental regulation significantly improves the total efficiency of 80% of thermal power enterprises compared to the absence of this exogenous variable. With the addition of environmental regulation, firms’ total efficiency declines gradually in general from 2018 to 2022, with the mean value of efficiency falling by 0.068. In terms of stage-specific efficiency, the efficiency of the green investment stage of the majority of firms is between 0.3 and 0.6, which is much lower than that of the operational stage and the market performance stage. In terms of sub-indicator efficiency, both green investment efficiency and social donation efficiency among thermal power enterprises show obvious polarization, with 30% of them having an efficiency of 1 and 30% less than 0.1. In terms of green investment focus, thermal power unit renovation has a more obvious role in boosting the green investment efficiency of thermal power enterprises than do wind power and photovoltaic projects. Therefore, both governmental departments and thermal power enterprises need to take active measures in order to achieve green transformation from the perspective of green investment efficiency. Through the segmentation of important projects of green investment, this paper provides a reasonable investment direction reference for the sustainable transformation of China’s thermal power industry. It also provides a rich and novel theoretical basis for the Chinese government to further improve the relevant environmental protection laws and regulations of thermal power industry.

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Section: Literature Reviewmentioning

confidence: 99%

The impact of environmental regulation on green investment efficiency of thermal power enterprises in China-based on a three-stage exogenous variable model

Ren,

Wu,

Ren

et al. 2024

Sci Rep

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show abstract

“…On the other hand, as environmental protection awareness increases, the pursuit of economic quality and sustainable development replaces the pursuit of economic growth in urban development. Companies will continue to be forced to implement green technological innovation and green investment and reduce resource consumption and pollutant emissions, and environmental foundations will continue to be improved [85,86].…”

Section: City Economic Resilience Composite Scorementioning

confidence: 99%

The Impact of Green Innovation Capacity on Urban Economic Resilience: Evidence from China’s Yangtze River Delta Region

Lv,

Zeng,

Liu

2023

Sustainability

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Urban green innovation plays a crucial role in achieving sustainable urban economic development, and urban economic resilience is an important manifestation of urban economic development. This prese nt study aims to investigate how green innovation contributes to urban economies’ resilience, which is essential for long-term urban agglomeration expansion and sustainable economic development. To decrease subjectivity and achieve comprehensive evaluation, this study first constructs an index system for evaluating green innovation capability on urban economic resilience, which contains 21 indicators in three areas, including innovation input, innovation output, and green innovation foundation, and the performs a scientific evaluation using the TOPSIS method. On this basis, using the Super-SBM model, the green innovation efficiency value of cities in the Yangtze River Delta (YRD) is calculated. Finally, ArcGIS 10.8 software is used to classify the economic resilience of the 26 cities in the YRD city cluster and analyze the spatial layout characteristics of urban economic resilience. The results show that: (1) the decision evaluation model used in this study is stable and effective, and it can effectively address the issues of subjective assessment processes and information redundancy; (2) green innovation capacity has a positive contribution to urban economic resilience, and its contribution is more significant for cities with strong economic strength; and (3) the green innovation capacity of the YRD city cluster is unevenly distributed, with Shanghai, Suzhou, Hangzhou, and Nanjing having high levels of green innovation capacity and strong urban economic resilience, thus forming the core area of cities radiating outward, showing a “core-edge” spatially. Finally, suggestions for improving the overall economic resilience of urban agglomerations are provided.

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“…Governments worldwide are actively seeking a balance between economic growth and environmental protection. Green innovation has emerged as a pivotal means for achieving this balance [1,2]. The Chinese government has also recognized the significance of green innovation and has implemented the "Carbon Peak Action Plan Before 2030" [3].…”

Section: Introductionmentioning

confidence: 99%

Does Independent Directors’ Interlocking Network Position Affect Green Innovation?

Hu,

Li,

Guo

2024

Sustainability

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Green innovation is a potent driver of sustainability. Drawing on social network theory, this paper used data from Chinese listed companies from 2010 to 2020 as a sample and found that independent directors’ interlocking network position significantly enhanced corporate green innovation. Additionally, digital transformation positively moderated this impact, while environmental regulations exhibited a U-shaped influence on this relationship. Further analysis revealed that independent directors’ interlocking network position can enhance green innovation through leveraging information, resource advantages, and environmental responsibilities. The network position of companies with lower pollution levels and diligent independent directors notably amplified green innovation. This study clarifies the boundary conditions and mechanisms of corporate green innovation, offering new ideas and evidence for sustainability.

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Green innovation, environmental governance and green investment in China: Exploring the intrinsic mechanisms under the framework of COP26

Cited by 28 publications

References 69 publications

The impact of environmental regulation on green investment efficiency of thermal power enterprises in China-based on a three-stage exogenous variable model

The impact of environmental regulation on green investment efficiency of thermal power enterprises in China-based on a three-stage exogenous variable model

The Impact of Green Innovation Capacity on Urban Economic Resilience: Evidence from China’s Yangtze River Delta Region

Does Independent Directors’ Interlocking Network Position Affect Green Innovation?

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