The carbon emission reduction effect of renewable resource utilization: From the perspective of green innovation

Abstract

In the face of pressing global challenges posed by climate change, resource constraints, and environmental pollution, understanding the role of renewable resource utilization in carbon emission reduction has become paramount. This study aims to investigate this relationship, particularly within the context of the dual carbon goals, which emphasizes both carbon peak and carbon neutrality. Focusing on the national "urban mineral" demonstration bases as a case study, this research employs the directional distance function incorporating non-expected output alongside the Malmquist index to assess the dynamic changes in urban carbon dioxide emission performance. A multi-period difference-in-difference model is utilized to examine the impact of these demonstration bases on CO2 emissions. The Baseline results reveal that renewable resource utilization significantly enhances carbon emission performance. The channel analysis indicate that the establishment of national "urban mineral" demonstration bases positively influences carbon emission performance through three primary pathways: green technology agglomeration, green technology spillover, and energy structure optimization. Based on these findings, this study advocates for policies that promote renewable resource utilization and carbon emission reduction. Specifically, it highlights the need for increased investment in green technology innovation and diffusion, as well as the optimization of energy structures to mitigate carbon emissions. These findings provide valuable policy implications for governments and stakeholders seeking to reduce carbon emissions and promote sustainable development.