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Does the carbon emission trading pilot policy promote green innovation cooperation? Evidence from a quasi-natural experiment in China.
- Source :
- Financial Innovation; 1/11/2024, Vol. 10 Issue 1, p1-24, 24p
- Publication Year :
- 2024
-
Abstract
- Green and low carbon transition is a broad and profound economic and social systematic change. Green innovation is a critical way to promote energy saving and emission reduction. Has China continuously promoted a carbon emission trading policy to significantly promote green innovation cooperation? Taking the implementation of the carbon emission trading pilot policy as a "quasi-natural experiment," this study answers this question by exploring the impact of the policy on green innovation cooperation. Based on data on 274 cities from 2008 to 2020, the multi-time difference-in-differences model is used to evaluate the impact of the policy on green innovation cooperation. The results reveal that the carbon emission trading pilot policy significantly improved inter- and intra-city green innovation cooperation through the upgrading effect of industrial structure and the coverage effect of digital finance compared with the non-pilot cities at the city level. In addition, there are significant differences in the policy effects among cities with different degrees of openness to the outside world and command-and-control environmental regulation. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 21994730
- Volume :
- 10
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Financial Innovation
- Publication Type :
- Academic Journal
- Accession number :
- 174711971
- Full Text :
- https://doi.org/10.1186/s40854-023-00556-5