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Research on the Effect and Path of CBAM on Green Technology Innovation in China’s High-Carbon Manufacturing Industries

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  • Lin Yang

    (School of Management, Jiangsu University, Zhenjiang 212013, China)

  • Zhengnan Lu

    (School of Management, Jiangsu University, Zhenjiang 212013, China)

  • Mengsha Shen

    (School of Finance & Economics, Jiangsu University, Zhenjiang 212013, China)

Abstract

To cope with global warming, the European Union will implement the Carbon Border Adjustment Mechanism (CBAM) in 2026. CBAM may seriously affect the export of China’s high-carbon manufacturing products. To illustrate this issue, this paper uses DID for analysis, taking CBAM as a shock policy. To further explore the impact pathway, this article utilizes a high-dimensional fixed-effect model for mechanism analysis. The results are as follows: (1) CBAM stimulates the vitality of green technology innovation in the high-carbon manufacturing industry; (2) public environmental concern has a positive moderating effect on green technology innovation; (3) financial support plays a mediating role; (4) green technology innovations are more likely to be influenced by CBAM in the eastern region, the petrochemical, and nonferrous industries. Based on research findings, suggestions are as follows: (1) promote green technology innovation in high-carbon industries; (2) increase financial support for green technology innovation in high-carbon enterprises; (3) guide the public towards green and low-carbon consumption; (4) strengthen policy support for low-carbon development in the central and western regions.

Suggested Citation

  • Lin Yang & Zhengnan Lu & Mengsha Shen, 2025. "Research on the Effect and Path of CBAM on Green Technology Innovation in China’s High-Carbon Manufacturing Industries," Sustainability, MDPI, vol. 17(5), pages 1-26, March.
    • Handle: RePEc:gam:jsusta:v:17:y:2025:i:5:p:2305-:d:1606773
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    References listed on IDEAS

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