Does green innovation suppress carbon emission intensity? New evidence from China.

Abstract

The sustainable development of human beings is facing severe challenges in the context of a new era. The effective reduction of carbon emission intensity is essential to achieve the goal of sustainable development. Obviously, green innovation is an important factor in mitigating carbon emission intensity. It is important to measure the effect of green innovation on carbon emission intensity for accelerating industrial transformation and building a circular economy system. Therefore, this paper uses the data of 30 provinces in China from 2000 to 2019, obtained by the State Intellectual Property Office, using fixed effects model quantile regression model and Spatial Durbin Model to empirically verify the theoretical hypothesis. The conclusions are as follows: (1) Green innovation inhibits carbon emission intensity. Instrumental variable model and robustness test support this conclusion. (2) For carbon emission intensity under different quantiles, green innovation has a more significant effect on provinces with high carbon emission intensity through "target accountability system" and "reverse coercive system." (3) There is a significant spatial correlation between green innovation in China's provinces. The reduction of carbon emission intensity in the region will benefit from the improvement of green innovation in surrounding cities.