The Impact of Carbon Trading Policy on Breakthrough Low-Carbon Technological Innovation

Chengyu Fang, Wanyi Wang and Weidong Wang ()
Additional contact information
Chengyu Fang: School of Mathematical Sciences, Jiangsu University, Zhenjiang 212013, China
Wanyi Wang: School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China
Weidong Wang: School of Finance and Economics, Jiangsu University, Zhenjiang 212013, China

Sustainability, 2023, vol. 15, issue 10, 1-13

Abstract: This paper studies the impact of carbon trading policies on breakthrough low-carbon technological innovation through a difference-in-differences model based on the panel data of 30 provinces in China. Through descriptive statistics, regression analysis, a robustness test and heterogeneity analysis of the data, the results show that: (1) carbon trading policy has a significant effect on overall low-carbon technological innovation and gradual low-carbon technological innovation, and carbon trading policy lag can significantly promote breakthrough low-carbon technological innovation. (2) The timeliness of carbon trading policy in promoting breakthrough low-carbon technological innovation is different in different regions. The effect can quickly be displayed in some provinces, but there is a lag effect in other provinces. (3) Lags in carbon trading policy have promoted a significant increase in renewable energy technology patents and CCS-related technology patents, and contributed more to the increase in renewable energy technology patents.

Keywords: carbon trading policy; breakthrough low-carbon technology; difference-in-differences model; robustness test; heterogeneity (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/10/8277/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/10/8277/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:10:p:8277-:d:1150782

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().