| Title | Can the low-carbon city pilot policy promote the upgrading of high-carbon emitting enterprises? Evidence from China |
|---|---|
| ID_Doc | 33466 |
| Authors | Wang, C; Lin, K; Liu, XQ |
| Title | Can the low-carbon city pilot policy promote the upgrading of high-carbon emitting enterprises? Evidence from China |
| Year | 2022 |
| Published | Chinese Journal Of Population Resources And Environment, 20.0, 3 |
| Abstract | As a crucial environmental reform system to realize "carbon peaking" and "carbon neutrality", the pilot policy of low-carbon cities (LCCs) puts pressure and challenges on high-carbon emitting enterprises (HCEEs) while providing opportunities for these firms to take the path of independent transformation. Employing the data of Chinese listed enterprises from 2006 to 2016 and adopting a difference-in-differences (DID) model, we evaluated the impact of LCC construction on the upgrading of HCEEs and its mechanisms. The results indicate that LCC construction enhances the upgrading of HCEEs in the pilot cities. The conclusions remain stable after a series of robustness tests. The mechanism analysis reveals that LCC construction triggers the upgrading of HCEEs by promoting resource allocation efficiency, R&D investment, and green technology innovation. The heterogeneity results indicate that this positive effect is more pronounced for HCEEs in regions with more stringent environmental law enforcement. This study also observes that the upgrading impact is more promi-nent for state-owned enterprises, enterprises with higher bargaining power, and enterprises whose managers have a long-term vision. The above results provide directions for upgrading HCEEs and replicable evidence for cities in developing economies to fulfill the win-win target of environmental protection and economic transfor-mation. |
| https://doi.org/10.1016/j.cjpre.2022.09.002 |
Similar Articles
| ID | Score | Article |
|---|---|---|
33800
|
Yang, SB; Jahanger, A; Hossain, MR How effective has the low-carbon city pilot policy been as an environmental intervention in curbing pollution? Evidence from Chinese industrial enterprises(2023) | |
| 35344
|
Wang, TH; Song, Z; Zhou, J; Sun, HP; Liu, FQ Low-Carbon Transition and Green Innovation: Evidence from Pilot Cities in China(2022)Sustainability, 14, 12 | |
| 35260
|
Zhong, ZQ; Zheng, CY; Chen, ZG Low-carbon cities pilot and industrial structure upgrading: enabling or negative? Evidence from a quasi-natural experiment in China(2024) | |
| 32550
|
Wu, HQ; Wang, L; Ding, T; Peng, F Does urban low-carbon governance affect firms' business decisions for employing capital and labor?(2024)Journal Of Environmental Planning And Management, 67, 10 | |
| 30621
|
Wang, YF; Yao, JM Innovation or introduction? Impacts of the low-carbon city pilot policy on the pathways toward green technology progress(2024)Heliyon, 10, 7 | |
| 30661
|
Li, Z; Liu, Z Does environmental regulation affect urban green technology innovation in China? Evidence from the low-carbon city pilot policy(2023) | |
| 30531
|
Ma, JT; Hu, QG; Shen, WT; Wei, XY Does the Low-Carbon City Pilot Policy Promote Green Technology Innovation? Based on Green Patent Data of Chinese A-Share Listed Companies(2021)International Journal Of Environmental Research And Public Health, 18, 7 | |
| 30784
|
Wang, J; Liu, ZF; Shi, L; Tan, JH The Impact of Low-Carbon Pilot City Policy on Corporate Green Technology Innovation in a Sustainable Development Context-Evidence from Chinese Listed Companies(2022)Sustainability, 14, 17 | |
| 32881
|
Li, WW; Zhang, YY; Xu, JZ; Fang, S; Li, Q; Gong, WF; Wang, CH; Zhang, RY Evaluation for the effect of low-carbon city pilot policy: evidence from industry in China(2024)Environmental Science And Pollution Research, 31.0, 6 | |
| 73199
|
Zheng, BW; Wu, XY; Huo, XT; Wang, SY Can low-carbon cities pilot policy promote enterprise sustainable development? Quasi-experimental evidence from China(2024)Plos One, 19, 5 |