气候变化领域集成服务门户(CCPortal): Government mandatory energy-biased technological progress and enterprises' environmental performance: Evidence from a quasi-natural experiment of cleaner production standards in China

CCPortal

DOI	10.1016/j.enpol.2022.112779
	Government mandatory energy-biased technological progress and enterprises' environmental performance: Evidence from a quasi-natural experiment of cleaner production standards in China
	Li, Zhen; Wu, Baijun; Wang, Danyang; Tang, Maogang
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	162 页码:13
英文摘要	The effective government mandatory energy-biased technological progress and its transition to price-induced or R&D-induced technological progress is critical to achieving sustainable development in developing countries such as China. Based on a quasi-natural experiment of cleaner production standards in China, this study investigated the impact of government mandatory energy-biased technological progress on enterprises' environmental performance using the difference-in-differences method. Highly robust benchmark results indicated that the implementation of cleaner production standards effectively reduced the SO2 emissions intensity of enterprises, but failed to reduce the aggregate SO2 emissions. Mechanism analysis showed that the SO2 emissions intensity reduction effect is achieved by introducing advanced production process and desulfurization equipment and thus increasing fixed investment. Nevertheless, it squeezes out enterprises' R&D expenditures and increases the amount of coal consumption. Moreover, it can improve the degree of resource misallocation through affecting the entry and exit decisions of companies with heterogeneous productivity. Heterogeneity analysis revealed that the implementation of cleaner production standards is affected by enterprise ownership, industry characteristics, etc. This study suggests that the government should develop a market-oriented energy price regime, optimize the energy factor market, and improve the dual control system of energy consumption intensity and aggregate energy consumption.
英文关键词	Cleaner production standards; Government mandatory energy-biased technological progress; Environmental performance; Difference-in-differences method; China
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000745076100007
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272273
作者单位	East China University of Science & Technology
推荐引用方式 GB/T 7714	Li, Zhen,Wu, Baijun,Wang, Danyang,et al. Government mandatory energy-biased technological progress and enterprises' environmental performance: Evidence from a quasi-natural experiment of cleaner production standards in China[J],2022,162:13.
APA	Li, Zhen,Wu, Baijun,Wang, Danyang,&Tang, Maogang.(2022).Government mandatory energy-biased technological progress and enterprises' environmental performance: Evidence from a quasi-natural experiment of cleaner production standards in China.ENERGY POLICY,162,13.
MLA	Li, Zhen,et al."Government mandatory energy-biased technological progress and enterprises' environmental performance: Evidence from a quasi-natural experiment of cleaner production standards in China".ENERGY POLICY 162(2022):13.