Research on the Relationship between Environmental Regulation and Green Transformation of Manufacturing Industry under the Background of Carbon Peak and Carbon Neutrality
Based on the manufacturing panel data of 30 provinces in China from 2010 to 2021,this paper empirically examines the impact of environmental regulation on the green transformation of manufacturing industry and its coupling effect.The results show that:(1)Command-type environmental regulation and investment-type environmental regulation have inverted U-shaped effect on the green transformation of manufacturing industry.Cost-type environmental regulation has a U-shaped effect on the green transformation of manufacturing industry.(2)The coupling of command-type environmental regulation and investment-type environmental regulation,command-type environmental regulation and cost-type environmental regulation can promote the green transformation of manufacturing industry.The coupling of three kinds of environmental regulations can promote the green transformation of manufacturing industry.(3)Digital technology positively moderates the relationship between environmental regulation and green transformation of manufacturing industry.The research results have positive significance for promoting the green transformation of manufacturing industry.