New Energy Technology Innovation and Industry Carbon Emission Reduction Based on the Perspective of Unbalanced Regional Economic Development

Zhen Yu, Weidong Li and Hongyan Duan ()
Additional contact information
Zhen Yu: School of Economics and Management, Beijing Jiaotong University, Beijing 100080, China
Weidong Li: School of Economics and Management, Beijing Jiaotong University, Beijing 100080, China
Hongyan Duan: School of Economics and Management, Beijing Jiaotong University, Beijing 100080, China

Sustainability, 2023, vol. 15, issue 22, 1-22

Abstract: Innovation in new energy technologies is a key driver in China’s efforts to achieve its environmental goals. However, the ability of different regions to develop and utilize new energy technologies may depend on their level of economic development. Based on a two-way fixed-effects panel data model, this paper empirically analyses the industry carbon emission reduction effect of new energy technology innovation and its heterogeneous performance at different stages of economic development, using data from 30 provinces and cities in China from 2000 to 2019. The results show that new energy technology innovation generally promotes CO 2 emissions in China. The specific effects are closely related to the characteristics of the industry and the stage of economic development. At the same time, the implementation of environmental regulations will inhibit this positive effect, while the adjustment of the industrial structure may promote this positive effect. This paper discovers the mechanism of heterogeneity in new energy technology innovation among different provinces with different levels of economic development. This finding helps to fully assess the carbon emission reduction capacity and potential of different provinces and facilitates the rational disaggregation and formulation of climate policy goals among regions.

Keywords: new energy technology innovation; carbon emission; regional economic development; industrial structure (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:

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/22/15991/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/22/15991/ (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:22:p:15991-:d:1281126

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 ().