Can the Low-carbon City Pilot Policy Effectively Promote Renewable Energy Technology Innovation?
The pilot policy of low-carbon city is an important measure for China to achieve the goal of green and low-carbon economic and social development,and renewable energy technology innovation is a key technological path to the goal.Based on the panel data of 277 cities from 2006 to 2020,this paper uses the progressive difference-in-difference model to investigate the mechanism and impact of low-carbon city pilot policy on the development of renewable energy technology innovation.The results show that the pilot policy of low-carbon cities mainly promotes the renewable energy technology innovation through the adjustment of urban industrial structure and green finance,and has heterogeneous impacts on renewable energy technology innova-tion in cities with different resource endowments.The study suggests that the scope of low-carbon city pilot policies should be continuously expanded to promote the renewable energy technology innovation,thereby pro-moting the green transformation of society.
low-carbon city pilot policyprogressive difference-in-difference modelrenewable energy technology innovation