Abstract
In this study, we explored the performance transfer effect of the coal industry’s reliance on green technology innovation to achieve green transformation and upgrading, as well as the crucial role of government. From the perspective of government macro-regulation, three instruments were used as entry points, i.e., environmental regulation, green credit policy, and fiscal incentives. Furthermore, the data of listed companies in China’s coal industry from 2010 to 2020 were selected as samples to construct an environmental performance evaluation system for the coal industry based on triple performance theory. We analyzed the link between green technology innovation and environmental performance, as well as the moderating effect of government macro-regulation. Our results prove that green technology innovation improves environmental performance, with a moderating effect of government environmental macro-regulations.
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