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The Impact of CCUS Innovation on Green Total Factor Productivity in China

In: ENERGY TRANSITION AND CARBON NEUTRALITY IN ASEAN DEVELOPING CARBON CAPTURE, UTILIZATION AND STORAGE TECHNOLOGIES

Author

Listed:
  • Kangyin Dong
  • Jianda Wang
  • Congyu Zhao
  • Farhad Taghizadeh-Hesary
  • Han Phoumin

Abstract

Technology innovation encompasses the core competencies of research and development (R&D). The significance of carbon capture, utilization, and storage (CCUS) innovation during low-carbon transition is self-evident. We investigate the impact of CCUS technology innovation on green total factor productivity (GTFP) based on the 2007–2019 panel dataset. We also examine their nonlinear nexus and identify potential impact channels. Our findings show that CCUS innovation significantly improves GTFP by promoting industrial infrastructure and carbon emissions efficiency, environmental regulation positively moderates the nexus between CCUS technology innovation and GTFP, and CCUS technology innovation is more effective in promoting GTFP in regions that already have high GTFP. We conclude with specific policy implications for better CCUS technology innovation and GTFP development based on these findings.

Suggested Citation

  • Kangyin Dong & Jianda Wang & Congyu Zhao & Farhad Taghizadeh-Hesary & Han Phoumin, 2024. "The Impact of CCUS Innovation on Green Total Factor Productivity in China," World Scientific Book Chapters, in: Phoumin Han & Rabindra Nepal (ed.), ENERGY TRANSITION AND CARBON NEUTRALITY IN ASEAN DEVELOPING CARBON CAPTURE, UTILIZATION AND STORAGE TECHNOLOGIES, chapter 9, pages 225-251, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811288050_0009
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    Keywords

    Carbon Capture; Utilization and Storage; Decarbonization and Net-Zero; Energy Transition; Development and Deployment; Policy Barriers and Pathways; Political Economy;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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