Study On the Impact of Carbon Emission Trading Policy on Enterprise’S Green and Low-Carbon Transformation——Evidence based on natural experiments
DOI:
https://doi.org/10.54097/zs5ncs34Keywords:
carbon emission trading policy; multi-time point difference model; green and low-carbon transition; green technology innovation level; digital transformation level.Abstract
Carbon emission trading policies serve as a crucial market-oriented instrument for achieving China’s “dual carbon” goals and form a strategic pillar in global climate governance alongside national economic transformation. Using data from A-share listed companies in China between 2010 and 2023, this study employs a multi-period difference model to examine the impact of carbon emission trading policies on corporate green and low-carbon transitions. The findings reveal that implementing such policies effectively promotes corporate green transition with robust results. Enterprises exhibiting regional diversity, varying scales, or ownership structures demonstrate heterogeneous responses to these policies. Mechanism analysis indicates that enhanced green technological innovation amplifies the policy’s positive effects on corporate green transition, while digital transformation levels mitigate its inhibitory effects.
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