Abstract
Strengthening environmental regulation is crucial for China to achieve the carbon peaking and carbon neutrality goals, but excessive environmental regulation will increase the production costs of enterprises, thereby reducing output and productivity. Using the panel data of 30 provinces in China (excluding Tibet) from 2007 to 2016, we construct an empirical model between environmental regulation and green total factor productivity, and explores the impact of environmental regulation from the perspective of human capital. The results show that the relationship between environmental regulation and green total factor productivity presents a U-curve relationship, and when environmental regulation is high, the increase of human capital will weaken the promotion effect of environmental regulation on green total factor productivity. In addition, most of the observed samples are located on the left side of the U-shaped curve, indicating that China’s current environmental regulation-related policies are unreasonable, and environmental regulation needs to be further strengthened.
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