The impact of environmental economic policies on firm development

Abstract

Economic development and environmental protection are interdependent and interdependent. While vigorously developing the economy, environmental protection cannot be ignored. Enterprises are the main body to promote economic advancement. Consequently, it is extremely inevitable for policy makers to formulate scientific and reasonable sustainable development policies to drive the green development of enterprises. This paper studies the relationship between corporate green economic development and environmental policy by analyzing the impact of environmental policy on corporate competitiveness and innovation ability, using empirical analysis, data analysis and questionnaire methods. It is crucial to change the approach and improve the level of economic growth in the new economic advancement environment. The conventional approach of calculating economic gross and advancement foreground utilizing GDP and rate of economic growth is no longer appropriate given the present worldwide tendency that favors green and sustainable development. In order to achieve economic growth, it is required to develop accurate assessments of green economic efficiency indices that take into consideration how resource scarcity and environmental deterioration affect economic output. To contribute to China's coming green economic advancement and the execution of environmental legislation, it is thus imperative to thoroughly research the impacts of environmental legislation and green economic efficiency.