The Carbon Emissions Trading Policy of China: Does It Really Promote the Enterprises’ Green Technology Innovations?

Xiaoqi Li, Dingfei Guo and Chao Feng ()
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Xiaoqi Li: School of Economics and Business Administration, Chongqing University, Chongqing 400030, China
Dingfei Guo: School of Economics and Business Administration, Chongqing University, Chongqing 400030, China
Chao Feng: School of Economics and Business Administration, Chongqing University, Chongqing 400030, China

IJERPH, 2022, vol. 19, issue 21, 1-15

Abstract: The carbon emissions trading policy has profound impacts on the production and operation of enterprises. The aim of this study is to examine the effects of the carbon emissions trading policy on enterprises’ green technology innovations by using PSM−DID models. The results showed that: (1) the carbon emissions trading policy has a facilitating effect on green technology innovation of China’s enterprises in pilot cities; (2) there is significant spatial heterogeneity in this effect and it is extremely beneficial to enterprises’ green technology innovations in eastern China; and (3) the trading policy is proved to have significant positive effects on green technology innovations of non-state and non-high-tech enterprises, while it has no effects on that of state-owned and high-tech enterprises. The above findings were corroborated by the placebo test and other methods.

Keywords: carbon emission trading policy; green technology innovations; green invention patent applications; PSM?DID (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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