Research on the impact of carbon emission trading system on low-carbon technology innovation

Lyu, Xiaohuan; Siekelová, Anna; Wang, Xin

doi:10.1080/17583004.2020.1721977

Cited by 91 publications

(40 citation statements)

References 20 publications

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“…Based on the data of environmental regulation (ER) and green technology innovation (GTI) of 30 provinces in China from 2007 to 2016, Guo et al (2019) found that environmental regulation has a certain promotion effect on enterprises' green technology innovation. Lyu et al (2020) used the DID model to study the impact of carbon emission trading on low-carbon technological innovation of enterprises. Pan et al (2021) found that the Two Control Zone (TCZ) environmental regulation policy in China had effectively promoted enterprises' cleaner production technology innovation.…”

Section: Literature Reviewmentioning

confidence: 99%

Incentives for Green and Low-Carbon Technological Innovation of Enterprises Under Environmental Regulation: From the Perspective of Evolutionary Game

Chen¹,

Bai²,

Chen³

et al. 2022

Front. Energy Res.

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Encouraging enterprises to adopt green and low-carbon technological innovation is an important measure to cope with climate change and achieve low-carbon economic development. As the main stakeholders of green and low-carbon technological innovation of enterprises, what measures should the government and the public take to encourage green and low-carbon technological innovation of enterprises has become one of the focuses of research. This study constructs a tripartite evolutionary game model among the government, the public, and enterprises and then obtains the evolutionary stability strategy by analyzing the replication dynamic equation of each subject. Numerical simulation is made on the evolution path of the game under different enforcement intensities of environmental regulation means. The result shows that pollution tax, low-carbon technology innovation subsidy, and environmental protection publicity and guidance are three environmental regulation means to effectively stimulate enterprises’ green and low-carbon technology innovation. And moderate pollution tax, low-intensity publicity of public environmental protection, and high innovation incentive compensation have the highest incentive efficiency for enterprises’ green and low-carbon technological innovation. Targeted suggestions for promoting green and low-carbon technological innovation of enterprises are put forward in the end.

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Section: Literature Reviewmentioning

confidence: 99%

Incentives for Green and Low-Carbon Technological Innovation of Enterprises Under Environmental Regulation: From the Perspective of Evolutionary Game

Chen¹,

Bai²,

Chen³

et al. 2022

Front. Energy Res.

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“…Recent studies show that market-based instruments in uence FGI (Lyu et al, 2020;Ren, S. G. et al, 2020). The empirical literature con rms that introducing and implementing GI may bring technology innovation applied in green products or processes, persuade state-of-the-art environmental management, external knowledge adoption, energy-saving, cutting emission, and industrial output recycling (Yurdakul & Kazan, 2020; Zhang, J. M. et al, 2020).…”

Section: Nexus Between Emissions Trading Schemes-rggi and Firms' Gree...mentioning

confidence: 99%

Does the US Regional Greenhouse Gas Initiative Affect Green Innovation?

RAHMAN

AHMAD

ISMAIL

2022

Preprint

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The U.S. Regional Greenhouse Gas Initiative (RGGI) is a regional market-based regulatory scheme for reducing greenhouse gas emissions from the electric power sector in ten northeastern states. It promotes energy efficiency, renewable energy, direct energy bill assistance to citizens, and technological innovation. Conventionally, green innovation has been one of the most effective tools for reducing greenhouse gas emissions through energy efficiency, energy transitions, and renewable energy. Thus, this study measures the impact of the implementation of RGGI on the firms’ green innovation initiatives. We used 20 years of panel data from the Fortune 500 list of the United States' largest companies. Based on DID, a benchmark regression, the RGGI has a significant adverse effect on the green innovation of Fortune 500 companies, and we verified these findings with multiple robustness tests. As we investigated how energy-intensive industries were affected by RGGI, we found that it slowed down green innovation, but it was not statistically significant. This study provides a novel perspective on how the RGGI influences green innovation in firms and how different types of sectors respond to the policy. In terms of policy, we believe that a well-covered and differentiated legislation that fosters green innovation while being realistic about the policy's goal and the firm's environmental attitude, like emissions reduction through green innovation, is essential.

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“…At the same time, it reduces the overall cost of pollution control in society and realizes green technological innovation. In terms of existing research on the policy effects of the emission trading system, scholars have focused on the following aspects: one is emission reduction effect, which is the core policy goal [24,25]; the other is the economic growth effect, which is the policy economic development goal [26,27]; the third is the green innovation effect which is the efficiency goal, and few scholars have conducted analysis and research on the relationship between the ETS and GTFP [28][29][30]. The first two aspects are the key research content of environmental economics in the past decades, and the green innovation effect of environmental regulations has been the research focus in recent years; of note, the research on the impact of GTFP is becoming an academic hotspot.…”

Section: Literature 21 Green Innovation Effect Of Etsmentioning

confidence: 99%

An Analysis of the Impact of the Emissions Trading System on the Green Total Factor Productivity Based on the Spatial Difference-in-Differences Approach: The Case of China

Wang

Chen

Han

2021

IJERPH

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How to effectively identify the spatial effect of the emissions trading system(ETS) on urban green total factor productivity(GTFP) generated through the linkage of economic factors between cities is a necessary part of scientifically evaluating the effect of ETS policy in emerging- market countries. This study aims to examine the spatial effect, mechanism, and heterogeneity of the ETS on urban GTFP based on the panel data of 281 cities from 2004 to 2017 in China, applying spatial difference-in-differences(DID) Durbin model (SDID-SDM) with multidimensional fixed effect (FE). The results show that ETS significantly improves the GTFP of the pilot cities, produces a spatial spillover effect and the results are robust to the placebo test, propensity score matching SDID (PSM-SDID) test, and Carbon-ETS interference test. Further analysis shows that the policy effect is mainly driven by improving energy efficiency, promoting green innovation, and optimizing the industrial structure. In addition, we found that ETS performs better in regions with a high degree of marketization, strong environmental law enforcement, and a low proportion of coal consumption. In general, the identification method of this study can be used as a scientific reference for conducting similar research in other emerging countries.

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Research on the impact of carbon emission trading system on low-carbon technology innovation

Cited by 91 publications

References 20 publications

Incentives for Green and Low-Carbon Technological Innovation of Enterprises Under Environmental Regulation: From the Perspective of Evolutionary Game

Incentives for Green and Low-Carbon Technological Innovation of Enterprises Under Environmental Regulation: From the Perspective of Evolutionary Game

Does the US Regional Greenhouse Gas Initiative Affect Green Innovation?

An Analysis of the Impact of the Emissions Trading System on the Green Total Factor Productivity Based on the Spatial Difference-in-Differences Approach: The Case of China

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