Carbon Emission Trading and Corporate Green Technology Innovation
Carbon emissions trading is an important tool for realizing high-quality economic development and"3060"international commitments.Based on the data of 1 218 listed enterprises in heavy pollution industries in Shanghai and Shenzhen,the impact of the carbon emissions trading pilot policy on enterprises'green technological innovation activities are analyzed from the two channels of external pressure and endogenous motivation,using the carbon emissions trading pilot policy as a quasi-natural experiment,and the double-difference-in-differences(DID)method.It is found that the pilot carbon emissions trading policy can promote enterprises'green technological innovation,which differs between state-owned enterprises and high-tech enterprises,and the environmental protection investment and environmental regulation intensity explain the policy's mechanism of action from the channels of endogenous motivation and external pressure,respectively.The results prove the effectiveness of the carbon trading policy from the micro enterprise level,and suggest that the full release of the policy effect should pay attention to the synergistic effect of external environmental regulation and internal environmental protection investment of enterprises,and carry out a more targeted system optimization that conforms to the differences of enterprises,so as to provide a reference for the design of the national unified carbon trading market.
万方数据
维普
