Impact of Low-Carbon City Pilot Policies on Green Construction Industry Innovation

Xin Ma () and Linjuan Zhu
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Xin Ma: College of Civil Engineering, Nanjing Forestry University, Nanjing 210037, China
Linjuan Zhu: College of Civil Engineering, Nanjing Forestry University, Nanjing 210037, China

Sustainability, 2024, vol. 16, issue 7, 1-18

Abstract: The building industry, as one of the fundamental and pivotal sectors of economic development in China, is also a high source of pollution emissions. Therefore, construction enterprises play a pivotal role in urban low-carbon development, and green innovation is an effective approach for these corporations to meet emission reduction targets and enhance economic benefits. This study primarily focused on the panel data of Chinese construction companies from 2000 to 2019. This study applied a multi-period double difference model. The purpose of this study was to investigate the impact of piloting low-carbon city policies on green innovations in the construction sector. The results indicate that the policy clearly advanced the green development of enterprises in the construction industry, and this effect persisted even after undergoing long-term robustness tests. The heterogeneity test results revealed that the pilot policy has been more effective in promoting green innovation for SOEs as well as for construction companies that are in the process of maturing.

Keywords: low-carbon city pilot policies; construction industry; green innovation; China; difference-in-differences (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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