Does the carbon emission trading pilot policy promote green innovation cooperation? Evidence from a quasi-natural experiment in China

Green and low carbon transition is a broad and profound economic and social systematic change. Green innovation is a critical way to promote energy saving and emission reduction. Has China continuously promoted a carbon emission trading policy to significantly promote green innovation cooperation? T...

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Published inFinancial innovation (Heidelberg) Vol. 10; no. 1; pp. 14 - 24
Main Authors Xiaobao, Peng, Jian, Wu, Yuhui, Chen, Ali, Sumran, Qijun, Xie
Format Journal Article
LanguageEnglish
Published Berlin/Heidelberg Springer Berlin Heidelberg 01.12.2024
Springer Nature B.V
SpringerOpen
Subjects
Carbon
Carbon emission trading
Cooperation
Digital finance coverage effect
Economics
Economics and Finance
Green innovation cooperation
Industrial structure upgrading effect
Macroeconomics/Monetary Economics//Financial Economics
Political Economy/Economic Systems
China
Green innovation cooperation
Carbon emission trading
Industrial structure upgrading effect
Digital finance coverage effect
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Summary:Green and low carbon transition is a broad and profound economic and social systematic change. Green innovation is a critical way to promote energy saving and emission reduction. Has China continuously promoted a carbon emission trading policy to significantly promote green innovation cooperation? Taking the implementation of the carbon emission trading pilot policy as a “quasi-natural experiment,” this study answers this question by exploring the impact of the policy on green innovation cooperation. Based on data on 274 cities from 2008 to 2020, the multi-time difference-in-differences model is used to evaluate the impact of the policy on green innovation cooperation. The results reveal that the carbon emission trading pilot policy significantly improved inter- and intra-city green innovation cooperation through the upgrading effect of industrial structure and the coverage effect of digital finance compared with the non-pilot cities at the city level. In addition, there are significant differences in the policy effects among cities with different degrees of openness to the outside world and command-and-control environmental regulation.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 14
ISSN:2199-4730
2199-4730
DOI:10.1186/s40854-023-00556-5