Measuring industrial green total factor productivity in the context of the "two‐carbon" target: A case study of energy revolution reform pilot area, China.

Since the "double carbon" target was proposed in 2020, emissions reduction has become the focus of the Chinese government's work. Industrial development is a crucial factor contributing to the increase in carbon emissions. Therefore, implementing carbon reduction in the industrial sector is an important part of China's goal of "double carbon." In this context, this paper uses a three‐stage data envelopment analysis model to calculate the green total factor productivity (GTFP) of 18 industry sectors in Shanxi Province. The results show that: (1) the external environment has influence on the GTFP of energy revolution reform pilot area industrial sectors, and the efficiency value of two industries is overestimated before excluding environmental factors; (2) the industry difference of GTFP is significant, among which pharmaceutical manufacturing industry has the greatest promoting effect on GTFP, and ferrous metal mining and dressing industry has the greatest inhibiting effect on GTFP; (3) there is a serious redundancy in R&D investment of energy revolution reform pilot area in China, and only six industries belong to zero redundancy. (4) To reflect the GTFP of various industrial sectors more clearly, this paper divides four industries: "Double‐high" industry, "High‐low" industry, "Low‐high" industry, and "Double‐low" industry. [ABSTRACT FROM AUTHOR]