An Empirical Study of the Policy of Low-Carbon City Pilot on the Level of Green Technological Innovation

Xiaojun Liu, Hongyuan Bi and Yu Teng
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Xiaojun Liu: School of Economics, Tianjin University of Commerce, Tianjin, China
Hongyuan Bi: School of Economics, Tianjin University of Commerce, Tianjin, China
Yu Teng: Oxford School of Hospitality Management, Oxford Brooks University, Oxford, UK

Climate Economics and Finance, 2024, vol. 2, issue 1, 1-11

Abstract: The low-carbon city pilot is an important policy for promoting sustainable development and addressing climate change. The level of green technological innovation is a significant driving force for China's transition to high-quality development and the realization of carbon peaking and carbon neutrality goals. This essay takes the panel data of 30 provinces in China from 2008 to 2020 as the research sample, regards the number of urban green invention patent applications as a quantifiable indicator of the level of urban green technological innovation, and takes the policy of low-carbon city pilot as a quasi-natural experiment, and uses the difference-in-differences model to test the impact of low-carbon city pilot on the level of urban green technological innovation, and to investigate the mechanism of action within. The main conclusions are as follows: (1) The policy of low-carbon city pilot has an outstanding promotion effect on the level of urban technological innovation. (2) Using the mediating effect to analyze, it is found that the low-carbon city pilot policy can improve the level of urban green technological innovation through the development of green finance.

Keywords: Policy of Low-Carbon City Pilot; Green Technological Innovation; Difference-in-differences Model (search for similar items in EconPapers)
Date: 2024
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