Carbon Emissions Trading and Green Technology Innovation—A Quasi-natural Experiment Based on a Carbon Trading Market Pilot

Weiming Liu, Yating Qiu, Lijiang Jia () and Hang Zhou
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Weiming Liu: School of Shipping Economics and Trade, Guangzhou Maritime University, Guangzhou 510725, China
Yating Qiu: School of Economics, Jiangxi University of Finance and Economics, Nanchang 330013, China
Lijiang Jia: College of Economics and Management, Harbin Engineering University, Harbin 150001, China
Hang Zhou: College of Economics and Management, Harbin Engineering University, Harbin 150001, China

IJERPH, 2022, vol. 19, issue 24, 1-13

Abstract: Carbon emissions trading policy has received widespread attention from scholars as a core policy tool to reduce carbon emissions. While most scholars have previously focused on the carbon emission reduction effect, this paper investigates the impact of carbon emissions trading policy on green technology innovation using a differences-in-differences method based on provincial panel data from 2005–2019, using a carbon emissions trading pilot as a quasi-natural experiment. The findings show that the policy can significantly promote green technology innovation, but with a lagged effect, and this finding still holds in the robustness test. Further heterogeneity analysis reveals that the stronger the human capital, the stronger the intellectual property protection and the stronger the marketization with better policy effects. In addition, carbon emissions trading policy can indirectly affect green technology innovation by influencing research investment.

Keywords: carbon trading; green technology innovation; differences-in-differences (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 (5)

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