Technological Innovation Efficiency of Listed Carbon Capture Companies in China: Based on the Dual Dimensions of Legal Policy and Technology
To achieve carbon neutrality and improve emission reduction efficiency, capturing carbon dioxide from the air on a large scale and promoting the application and innovation of carbon capture technology (CCUS) are the most important goals. This study undertakes an annual and comprehensive evaluation o...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-01-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/16/3/1118 |
| _version_ | 1827760194159902720 |
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| author | Xiaofeng Xu Dongdong He Tao Wang Xiangyu Chen Yichen Zhou |
| author_facet | Xiaofeng Xu Dongdong He Tao Wang Xiangyu Chen Yichen Zhou |
| author_sort | Xiaofeng Xu |
| collection | DOAJ |
| description | To achieve carbon neutrality and improve emission reduction efficiency, capturing carbon dioxide from the air on a large scale and promoting the application and innovation of carbon capture technology (CCUS) are the most important goals. This study undertakes an annual and comprehensive evaluation of the policy and the technological innovation efficiency (TIE) of 10 listed companies in China using the DEA model and the Malmquist index analysis method. The number of relevant laws and policies is significant, but they are not well coordinated. The static evaluation results indicate that the complete factor production rate is low, generally lower than 0.9, and the technical innovation efficiency is weak, mainly because of technological backwardness. The dynamic evaluation results indicate that the changes in total factor productivity (TFP) each year are primarily affected by changes in technological progress. This suggests that most domestic enterprises are still exploring technological innovation (TI) and operational business models. Finally, this study proposes measures to improve the TIE of carbon capture technology enterprises in China, including giving full play to the role of the government, expanding effective investment, and improving innovational ability. |
| first_indexed | 2024-03-11T09:46:56Z |
| format | Article |
| id | doaj.art-6bce01cdd4044bd38f59f5cad7e03810 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-11T09:46:56Z |
| publishDate | 2023-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-6bce01cdd4044bd38f59f5cad7e038102023-11-16T16:32:54ZengMDPI AGEnergies1996-10732023-01-01163111810.3390/en16031118Technological Innovation Efficiency of Listed Carbon Capture Companies in China: Based on the Dual Dimensions of Legal Policy and TechnologyXiaofeng Xu0Dongdong He1Tao Wang2Xiangyu Chen3Yichen Zhou4International School of Law and Finance, East China University of Political Science and Law, Shanghai 200042, ChinaInternational School of Law and Finance, East China University of Political Science and Law, Shanghai 200042, ChinaCollege of Environmental Science and Engineering, Tongji University, Shanghai 200092, ChinaInternational School of Law and Finance, East China University of Political Science and Law, Shanghai 200042, ChinaFaculty of Civil Engineering, RWTH Aachen University, 52074 Aachen, GermanyTo achieve carbon neutrality and improve emission reduction efficiency, capturing carbon dioxide from the air on a large scale and promoting the application and innovation of carbon capture technology (CCUS) are the most important goals. This study undertakes an annual and comprehensive evaluation of the policy and the technological innovation efficiency (TIE) of 10 listed companies in China using the DEA model and the Malmquist index analysis method. The number of relevant laws and policies is significant, but they are not well coordinated. The static evaluation results indicate that the complete factor production rate is low, generally lower than 0.9, and the technical innovation efficiency is weak, mainly because of technological backwardness. The dynamic evaluation results indicate that the changes in total factor productivity (TFP) each year are primarily affected by changes in technological progress. This suggests that most domestic enterprises are still exploring technological innovation (TI) and operational business models. Finally, this study proposes measures to improve the TIE of carbon capture technology enterprises in China, including giving full play to the role of the government, expanding effective investment, and improving innovational ability.https://www.mdpi.com/1996-1073/16/3/1118CCUScarbon neutralityDEAMalmquist |
| spellingShingle | Xiaofeng Xu Dongdong He Tao Wang Xiangyu Chen Yichen Zhou Technological Innovation Efficiency of Listed Carbon Capture Companies in China: Based on the Dual Dimensions of Legal Policy and Technology Energies CCUS carbon neutrality DEA Malmquist |
| title | Technological Innovation Efficiency of Listed Carbon Capture Companies in China: Based on the Dual Dimensions of Legal Policy and Technology |
| title_full | Technological Innovation Efficiency of Listed Carbon Capture Companies in China: Based on the Dual Dimensions of Legal Policy and Technology |
| title_fullStr | Technological Innovation Efficiency of Listed Carbon Capture Companies in China: Based on the Dual Dimensions of Legal Policy and Technology |
| title_full_unstemmed | Technological Innovation Efficiency of Listed Carbon Capture Companies in China: Based on the Dual Dimensions of Legal Policy and Technology |
| title_short | Technological Innovation Efficiency of Listed Carbon Capture Companies in China: Based on the Dual Dimensions of Legal Policy and Technology |
| title_sort | technological innovation efficiency of listed carbon capture companies in china based on the dual dimensions of legal policy and technology |
| topic | CCUS carbon neutrality DEA Malmquist |
| url | https://www.mdpi.com/1996-1073/16/3/1118 |
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