IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i22p15991-d1281126.html
   My bibliography  Save this article

New Energy Technology Innovation and Industry Carbon Emission Reduction Based on the Perspective of Unbalanced Regional Economic Development

Author

Listed:
  • Zhen Yu

    (School of Economics and Management, Beijing Jiaotong University, Beijing 100080, China)

  • Weidong Li

    (School of Economics and Management, Beijing Jiaotong University, Beijing 100080, China)

  • Hongyan Duan

    (School of Economics and Management, Beijing Jiaotong University, Beijing 100080, China)

Abstract

Innovation in new energy technologies is a key driver in China’s efforts to achieve its environmental goals. However, the ability of different regions to develop and utilize new energy technologies may depend on their level of economic development. Based on a two-way fixed-effects panel data model, this paper empirically analyses the industry carbon emission reduction effect of new energy technology innovation and its heterogeneous performance at different stages of economic development, using data from 30 provinces and cities in China from 2000 to 2019. The results show that new energy technology innovation generally promotes CO 2 emissions in China. The specific effects are closely related to the characteristics of the industry and the stage of economic development. At the same time, the implementation of environmental regulations will inhibit this positive effect, while the adjustment of the industrial structure may promote this positive effect. This paper discovers the mechanism of heterogeneity in new energy technology innovation among different provinces with different levels of economic development. This finding helps to fully assess the carbon emission reduction capacity and potential of different provinces and facilitates the rational disaggregation and formulation of climate policy goals among regions.

Suggested Citation

  • Zhen Yu & Weidong Li & Hongyan Duan, 2023. "New Energy Technology Innovation and Industry Carbon Emission Reduction Based on the Perspective of Unbalanced Regional Economic Development," Sustainability, MDPI, vol. 15(22), pages 1-22, November.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:22:p:15991-:d:1281126
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/22/15991/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/22/15991/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Daron Acemoglu & Philippe Aghion & Leonardo Bursztyn & David Hemous, 2012. "The Environment and Directed Technical Change," American Economic Review, American Economic Association, vol. 102(1), pages 131-166, February.
    2. Jalil, Abdul & Feridun, Mete, 2011. "The impact of growth, energy and financial development on the environment in China: A cointegration analysis," Energy Economics, Elsevier, vol. 33(2), pages 284-291, March.
    3. Hans‐Werner Sinn, 2008. "Das grüne Paradoxon: Warum man das Angebot bei der Klimapolitik nicht vergessen darf," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(s1), pages 109-142, May.
    4. Cheng, Zhonghua & Li, Lianshui & Liu, Jun, 2018. "Industrial structure, technical progress and carbon intensity in China's provinces," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2935-2946.
    5. Chen, Wenhui & Lei, Yalin, 2018. "The impacts of renewable energy and technological innovation on environment-energy-growth nexus: New evidence from a panel quantile regression," Renewable Energy, Elsevier, vol. 123(C), pages 1-14.
    6. Du, Limin & Wei, Chu & Cai, Shenghua, 2012. "Economic development and carbon dioxide emissions in China: Provincial panel data analysis," China Economic Review, Elsevier, vol. 23(2), pages 371-384.
    7. Daron Acemoglu & David Autor & David Dorn & Gordon H. Hanson & Brendan Price, 2016. "Import Competition and the Great US Employment Sag of the 2000s," Journal of Labor Economics, University of Chicago Press, vol. 34(S1), pages 141-198.
    8. Yang, Yuan & Cai, Wenjia & Wang, Can, 2014. "Industrial CO2 intensity, indigenous innovation and R&D spillovers in China’s provinces," Applied Energy, Elsevier, vol. 131(C), pages 117-127.
    9. Sadorsky, Perry, 2014. "The effect of urbanization on CO2 emissions in emerging economies," Energy Economics, Elsevier, vol. 41(C), pages 147-153.
    10. Geels, Frank W. & Kemp, René, 2007. "Dynamics in socio-technical systems: Typology of change processes and contrasting case studies," Technology in Society, Elsevier, vol. 29(4), pages 441-455.
    11. Hamamoto, Mitsutsugu, 2006. "Environmental regulation and the productivity of Japanese manufacturing industries," Resource and Energy Economics, Elsevier, vol. 28(4), pages 299-312, November.
    12. Jingwei Sun & Jingzhu Chen, 2023. "Digital Economy, Energy Structure Transformation, and Regional Carbon Dioxide Emissions," Sustainability, MDPI, vol. 15(11), pages 1-16, May.
    13. Ke Li & Boqiang Lin & Xiying Liu, 2015. "Special: Theme of Clean Coal How Policy Strategies Affect Clean Coal Technology Innovation in China? A Patent-Based Approach," Energy & Environment, , vol. 26(6-7), pages 1015-1033, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fei Fan & Dailin Cao & Ning Ma, 2020. "Is Improvement of Innovation Efficiency Conducive to Haze Governance? Empirical Evidence from 283 Chinese Cities," IJERPH, MDPI, vol. 17(17), pages 1-20, August.
    2. Zeng, Shihong & Li, Tengfei & Wu, Shaomin & Gao, Weijun & Li, Gen, 2024. "Does green technology progress have a significant impact on carbon dioxide emissions?," Energy Economics, Elsevier, vol. 133(C).
    3. Ahmet Koseoglu & Ali Gokhan Yucel & Recep Ulucak, 2022. "Green innovation and ecological footprint relationship for a sustainable development: Evidence from top 20 green innovator countries," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 976-988, October.
    4. Ling Xiong & Shaozhou Qi, 2018. "Financial Development And Carbon Emissions In Chinese Provinces: A Spatial Panel Data Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 63(02), pages 447-464, March.
    5. Acheampong, Alex O., 2019. "Modelling for insight: Does financial development improve environmental quality?," Energy Economics, Elsevier, vol. 83(C), pages 156-179.
    6. Li, Xin & Li, Zheng & Su, Chi-Wei & Umar, Muhammad & Shao, Xuefeng, 2022. "Exploring the asymmetric impact of economic policy uncertainty on China's carbon emissions trading market price: Do different types of uncertainty matter?," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    7. Xiaoming Peng & Yihao Li & Chengxin Guo & Liang Peng & Sijin Tan, 2023. "“Risk” or “Opportunity”? The High Sensitivity of Corporate Green Innovation to Environmental Policy Uncertainty: Evidence from China," Sustainability, MDPI, vol. 15(11), pages 1-18, June.
    8. Qi, Xiulin & Wu, Zhifang & Xu, Jinqing & Shan, Biaoan, 2023. "Environmental justice and green innovation: A quasi-natural experiment based on the establishment of environmental courts in China," Ecological Economics, Elsevier, vol. 205(C).
    9. Zhou, Xiaoxiao & Pan, Zixuan & Shahbaz, Muhammad & Song, Malin, 2020. "Directed technological progress driven by diversified industrial structural change," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 112-129.
    10. Xiaoxia Shi & Haiyun Liu & Joshua Sunday Riti, 2019. "The role of energy mix and financial development in greenhouse gas (GHG) emissions’ reduction: evidence from ten leading CO2 emitting countries," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(3), pages 695-729, October.
    11. Yang, Zhaofu & Liu, Hong & Yuan, Yongna & Li, Muhua, 2024. "Can renewable energy development facilitate China's sustainable energy transition? Perspective from Energy Trilemma," Energy, Elsevier, vol. 304(C).
    12. Siedschlag, Iulia & Yan, Weijie, 2023. "Do green investments improve firm performance? Empirical evidence from Ireland," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    13. Muhammad Shahbaz & Avik Sinha, 2019. "Environmental Kuznets curve for CO2emissions: a literature survey," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 46(1), pages 106-168, January.
    14. Tiba, Sofien & Omri, Anis, 2017. "Literature survey on the relationships between energy, environment and economic growth," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 1129-1146.
    15. Shuddhasattwa Rafiq & Ingrid Nielsen & Russell Smyth, 2016. "Effect of Internal Migration on Air and Water Pollution in China," Monash Economics Working Papers 27-16, Monash University, Department of Economics.
    16. Xiguang Cao & Min Deng & Fei Song & Shihu Zhong & Junhao Zhu, 2019. "Direct and moderating effects of environmental regulation intensity on enterprise technological innovation: The case of China," PLOS ONE, Public Library of Science, vol. 14(10), pages 1-20, October.
    17. Zhonghua Cheng & Wenwen Li, 2018. "Independent R and D, Technology Introduction, and Green Growth in China’s Manufacturing," Sustainability, MDPI, vol. 10(2), pages 1-14, January.
    18. Yabo Zhao & Ruiyang Chen & Tong Sun & Ying Yang & Shifa Ma & Dixiang Xie & Xiwen Zhang & Yunnan Cai, 2022. "Urbanization Influences CO 2 Emissions in the Pearl River Delta: A Perspective of the “Space of Flows”," Land, MDPI, vol. 11(8), pages 1-21, August.
    19. Sofien, Tiba & Omri, Anis, 2016. "Literature survey on the relationships between energy variables, environment and economic growth," MPRA Paper 82555, University Library of Munich, Germany, revised 14 Sep 2016.
    20. Sun, Yanming & Shen, Simiao & Zhou, Chuanyu, 2023. "Does the pilot emissions trading system in China promote innovation? Evidence based on green technology innovation in the energy sector," Energy Economics, Elsevier, vol. 126(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:22:p:15991-:d:1281126. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.