Abstract
Based on the data of green credit (GC), environmental regulation (ER) and green technology innovation (GTI) in 30 provinces and cities of China from 2007 to 2016, this study investigated the relationship between green credit and green technology innovation development and analyzed the adjustment effect of ER on GC to promote GTI using Geoda and Matlab2016 software, so as to further guide and encourage GC. The results show that GTI in 30 provinces and municipalities in China has a significant spatial agglomeration effect. Single GC plays a certain role in promoting local technology innovation, but it fails to influences the surrounding areas. Environmental regulation has a certain regulatory effect on the relationship between green credit and green technology innovation in the province but also fails to influences the surrounding areas.
Highlights
In the process of social and economic development, enterprises play an extremely important role.In today’s era of advocating low-carbon and environmental protection, enterprises have adopted a high-pollution, high-energy development model that clearly cannot meet the needs of low-carbon society development
The results show that the changes of environmental control, environmental management tools and general organization can stimulate the development of green technology innovation (GTI)
In order to investigate the regulatory effect of environmental regulation (ER) on green credit (GC) to promote the development of GTI, based on Models (1), (2) and (3), this study introduced the concept of GCit × ERit, namely the interacted items of GC and ER, to reflect their common influences on the development of GTI
Summary
In the process of social and economic development, enterprises play an extremely important role. In today’s era of advocating low-carbon and environmental protection, enterprises have adopted a high-pollution, high-energy development model that clearly cannot meet the needs of low-carbon society development. In the process of China’s economic transformation and development in recent years, enterprises must continue to innovate to meet the needs of low-carbon economic development [1] The characteristics of the low-carbon economy mainly include: First, reducing energy consumption and pollutant emissions, that is, achieving the “three lows” of low energy consumption, low emissions and low pollution in the process of economic development; second, while maintaining sustained growth, reduce emissions of the “three wastes” (waste water, waste gas and waste residues) and improve energy efficiency; third, innovative low-carbon technologies are the most direct means to achieve low-carbon economic development. The international community has become increasingly aware of the importance of green innovation as a result of growing global problems such as resource scarcity and environmental degradation caused by rapid economic growth.
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