The Impact of CCUS Innovation on Green Total Factor Productivity in China

Kangyin Dong (), Jianda Wang, Congyu Zhao, Farhad Taghizadeh-Hesary and Han Phoumin

Chapter 9 in Energy Transition and Carbon Neutrality in ASEAN:Developing Carbon Capture, Utilization and Storage Technologies, 2024, pp 225-251 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Technology innovation encompasses the core competencies of research and development (R&D). The significance of carbon capture, utilization, and storage (CCUS) innovation during low-carbon transition is self-evident. We investigate the impact of CCUS technology innovation on green total factor productivity (GTFP) based on the 2007–2019 panel dataset. We also examine their nonlinear nexus and identify potential impact channels. Our findings show that CCUS innovation significantly improves GTFP by promoting industrial infrastructure and carbon emissions efficiency, environmental regulation positively moderates the nexus between CCUS technology innovation and GTFP, and CCUS technology innovation is more effective in promoting GTFP in regions that already have high GTFP. We conclude with specific policy implications for better CCUS technology innovation and GTFP development based on these findings.

Keywords: Carbon Capture; Utilization and Storage; Decarbonization and Net-Zero; Energy Transition; Development and Deployment; Policy Barriers and Pathways; Political Economy (search for similar items in EconPapers)
JEL-codes: O13 P28 Q4 Q43 Q5 (search for similar items in EconPapers)
Date: 2024
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