| Title | The Selection of Green Technology Innovations under Dual-Credit Policy |
|---|---|
| ID_Doc | 30163 |
| Authors | Wang, ZY; Zhang, J; Zhao, HJ |
| Title | The Selection of Green Technology Innovations under Dual-Credit Policy |
| Year | 2020 |
| Published | Sustainability, 12, 16 |
| Abstract | In the pressure of excessive resource consumption and serious environmental pollution, government in China proposed a dual-credit policy to promote the production of green vehicles, such as energy-saving fuel vehicle (FV) and electric vehicle (EV). This study explores the firm's selection of green technology innovations (GTIs) under dual-credit policy, including the energy-saving technology for FV and the technology for producing EV. We found that the firm's technology capacity of improving the energy-saving level of FV plays an important role in affecting the firm's selections of GTIs. Specifically, when the technology capacity is moderate, the firm chooses both types of GTIs to produce both EV and energy-saving FV, otherwise he will choose one type only. Moreover, no matter which GTI is selected by the firm, its pricing and environmental efforts decisions keep the same. With the dual-credit policy, we found that it could encourage the production of the EV under certain conditions. Besides this, increasing the green credit of EV can align the economic and environmental interests while increasing standard energy consumption has conflicts in both interests. In particular, when the firm offers FV only or both EV and FV, increasing the price of credit has conflicting interests in economy and environment. However, when the firm offers EV only, increasing the price of credit could improve the firm's profit without hurting the environment. |
| https://www.mdpi.com/2071-1050/12/16/6343/pdf?version=1597043472 |
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