Can the low-carbon city pilot policy promote firms' low-carbon innovation: Evidence from China.

ABSTRACT: The low-carbon city pilot policy is an environmental regulation aimed at reducing carbon emissions at the municipal level. Previous research mostly focused on evaluating its environmental performance and discovered it could enhance pilot cities' low-carbon innovation. However, the effects of the low-carbon city pilot policy on firm-level low-carbon innovation and their economic impact have yet to be investigated. This research uses a sample of Chinese A-share listed firms and the difference-in-difference method to examine the effect of the low-carbon city pilot policy on firms' low-carbon innovation. The baseline regression showed that the low-carbon city pilot policy could greatly encourage low-carbon innovation among firms in pilot cities. The mechanism analysis demonstrated that this im

SUBMITTER: Yang G 

PROVIDER: S-EPMC9833526 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature