Toward a Green Energy System: How Does Carbon Capture, Utilization, and Storage Technology Innovation Promote Green Total Factor Productivity?

Kangyin Dong (), Jianda Wang (), Congyu Zhao (), Farhad Taghizadeh-Hesary () and Han Phoumin ()
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Jianda Wang: School of International Trade and Economics University of International Business and Economics Beijing, China
Congyu Zhao: School of International Trade and Economics University of International Business and Economics Beijing, China
Farhad Taghizadeh-Hesary: School of Global Studies & TOKAI Research Institute for Environment and Sustainability (TRIES) Tokai University Tokyo, Japan
Han Phoumin: Economic Research Institute for ASEAN and East Asia (ERIA) Jakarta, Indonesia

Asian Economic Papers, 2024, vol. 23, issue 2, 59-88

Abstract: Using a panel data set from 2007 to 2019, we empirically evaluate the impact of carbon capture, utilization, and storage (CCUS) technology innovation on green total factor productivity (GTFP). The findings show that (1) CCUS technology innovation significantly improves GTFP. (2) CCUS technology innovation significantly contributes to GTFP by promoting industrial structure upgrading and carbon emissions efficiency. (3) Environmental regulation plays a positive moderating role in the nexus between CCUS technology innovation and GTFP. The findings of this paper provide guidance for China to achieve green energy transition and build a green energy system.

Date: 2024
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