Does the Green Industry Policy Reduce Industrial Pollution Emissions?—Evidence from China’s National Eco-Industrial Park

Abstract

As a regional green industrial policy, the construction of national eco-industrial parks is of great significance to the realization of industrial green transformation, while its environmental effects and mechanisms have not yet been clarified. Using panel data from 308 prefecture-level cities in China from 2003 to 2017, this study takes the establishment of 3 national-level ecological industrial parks as a quasi-natural experiment, also using a time-varying difference in difference model to examine how green industrial policies affect industrial pollution emissions. The study found that the establishment of a national eco-industrial park has significantly reduced industrial sulfur dioxide emissions, and the emission reduction effect has a lag effect and long-term impact. In cities with strong environmental regulations, provincial capitals and municipalities, and cities with a high degree of marketization, eco-industrial parks have better emission reduction effects, while, in cities with greater economic growth incentives and fiscal pressures, eco-industrial parks are difficult to achieve emission reduction effects. The establishment of national eco-industrial parks can reduce industrial pollution emissions by improving pollution treatment efficiency and energy efficiency, as well as promoting industrial agglomeration. China should continue to promote the implementation of green industrial policies, to strengthen the construction of national-level eco-industrial parks at this stage.