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Do Technological Innovation and Environmental Regulation Reduce Carbon Dioxide Emissions? Evidence from China

  • Authors
    Zou F.
    Ma S.Corresponding
    Liu H.
    Gao T.
    Li W.
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  • gnest_06291_final.pdf
  • Paper ID
    gnest_06291
  • Paper status
    Published
  • Date paper accepted
  • Date paper online
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Abstract

The Chinese industry holds a significant position in the national economy. However, industrial carbon dioxide (CO2) emissions account for a large proportion of the total CO2 emissions, which has a negative impact on the environment. To identify the factors affecting industrial CO2 emissions, a vector autoregressive (VAR) model system is established to empirically test the factors influencing industrial CO2 emissions, using data on industrial technology innovation (TI), environmental regulation, and CO2 emissions from 2000 to 2023 in China. The results show that there is a cointegration relationship between industrial technological innovation, environmental regulation and CO2 emissions. Each unit increase in environmental regulation will reduce 2.132 units of CO2 emissions. Meanwhile, each unit increase in technological innovation results in a decrease of 0.067 units of CO2 emissions. Compared with TI, environmental regulation has a greater impact on CO2 emission reduction. The effects of the impulses of the stochastic perturbation terms of industrial TI, environmental regulation, and CO2 emissions on the current and future values of industrial TI, environmental regulation, and CO2 emissions in the VAR system are de-picted through the VAR impulse response function. The contribution of each new interest shock to the change of industrial TI, environmental regulation and CO2 emissions is analyzed by variance decomposition. This paper enriches the application of institutional theory and technological in-novation theory in CO2 emission reduction and also provides a reference for relevant departments to formulate emission reduction policies and industrial technological innovation.

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Zou, F. et al. (2024) “Do Technological Innovation and Environmental Regulation Reduce Carbon Dioxide Emissions? Evidence from China”, Global NEST Journal, 26(7). Available at: https://doi.org/10.30955/gnj.06291.