Does carbon mitigation depend on green fiscal policy or green investment?
Does carbon mitigation depend on the force of government or the autonomy of enterprises? We should first distinguish the roles of green fiscal policy and corporate green investment to test whether they can independently guide enterprises to reduce carbon emissions. Because a clear relationship will...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
IOP Publishing
2023-01-01
|
| Series: | Environmental Research Letters |
| Subjects: | |
| Online Access: | https://doi.org/10.1088/1748-9326/acc4df |
| _version_ | 1827869802271604736 |
|---|---|
| author | Yufeng Hu Youqiang Ding Jun Liu Quanzhong Zhang Zijian Pan |
| author_facet | Yufeng Hu Youqiang Ding Jun Liu Quanzhong Zhang Zijian Pan |
| author_sort | Yufeng Hu |
| collection | DOAJ |
| description | Does carbon mitigation depend on the force of government or the autonomy of enterprises? We should first distinguish the roles of green fiscal policy and corporate green investment to test whether they can independently guide enterprises to reduce carbon emissions. Because a clear relationship will help resolve the embarrassment caused by their different goals. Then we use theoretical and empirical methods to analyze green fiscal policies and corporate green investment mechanisms, which have nonlinear impacts on carbon mitigation in mathematics. Furthermore, we have empirically verified then in three effective paths: the promotion of green fiscal policies on green investment, the mediator of green investment in the influence of green fiscal policies on carbon mitigation and enterprise performance, and the difference in firm heterogeneity on green investment. The results show that green fiscal policies support enterprises in realizing carbon mitigation by pressure, stimulating green investment, and achieving Innovation Compensation . Carbon mitigation depends on the trigger of green fiscal policies and the catalysis of green investment. That means the green fiscal policy is an effective instrument for the government to stimulate green innovation only when they are vital in reducing carbon emissions. Finally, we can summarize the evolutionary process of carbon mitigate from mandatory green fiscal policies to independent green investment, which is helpful for green governance and the low-carbon development of enterprises. |
| first_indexed | 2024-03-12T15:50:13Z |
| format | Article |
| id | doaj.art-c5e35e59c28b449eb07f21fe6e9f607c |
| institution | Directory Open Access Journal |
| issn | 1748-9326 |
| language | English |
| last_indexed | 2024-03-12T15:50:13Z |
| publishDate | 2023-01-01 |
| publisher | IOP Publishing |
| record_format | Article |
| series | Environmental Research Letters |
| spelling | doaj.art-c5e35e59c28b449eb07f21fe6e9f607c2023-08-09T15:16:03ZengIOP PublishingEnvironmental Research Letters1748-93262023-01-0118404500510.1088/1748-9326/acc4dfDoes carbon mitigation depend on green fiscal policy or green investment?Yufeng Hu0https://orcid.org/0000-0003-0487-3151Youqiang Ding1Jun Liu2Quanzhong Zhang3Zijian Pan4School of Finance, Tongling University , Tongling, Anhui Province, People’s Republic of ChinaSchool of Finance, Tongling University , Tongling, Anhui Province, People’s Republic of ChinaSchool of Finance, Tongling University , Tongling, Anhui Province, People’s Republic of ChinaSchool of Finance, Tongling University , Tongling, Anhui Province, People’s Republic of ChinaSchool of Finance, Tongling University , Tongling, Anhui Province, People’s Republic of ChinaDoes carbon mitigation depend on the force of government or the autonomy of enterprises? We should first distinguish the roles of green fiscal policy and corporate green investment to test whether they can independently guide enterprises to reduce carbon emissions. Because a clear relationship will help resolve the embarrassment caused by their different goals. Then we use theoretical and empirical methods to analyze green fiscal policies and corporate green investment mechanisms, which have nonlinear impacts on carbon mitigation in mathematics. Furthermore, we have empirically verified then in three effective paths: the promotion of green fiscal policies on green investment, the mediator of green investment in the influence of green fiscal policies on carbon mitigation and enterprise performance, and the difference in firm heterogeneity on green investment. The results show that green fiscal policies support enterprises in realizing carbon mitigation by pressure, stimulating green investment, and achieving Innovation Compensation . Carbon mitigation depends on the trigger of green fiscal policies and the catalysis of green investment. That means the green fiscal policy is an effective instrument for the government to stimulate green innovation only when they are vital in reducing carbon emissions. Finally, we can summarize the evolutionary process of carbon mitigate from mandatory green fiscal policies to independent green investment, which is helpful for green governance and the low-carbon development of enterprises.https://doi.org/10.1088/1748-9326/acc4dfgreen fiscal policycarbon mitigationgreen investmentinnovation compensation |
| spellingShingle | Yufeng Hu Youqiang Ding Jun Liu Quanzhong Zhang Zijian Pan Does carbon mitigation depend on green fiscal policy or green investment? Environmental Research Letters green fiscal policy carbon mitigation green investment innovation compensation |
| title | Does carbon mitigation depend on green fiscal policy or green investment? |
| title_full | Does carbon mitigation depend on green fiscal policy or green investment? |
| title_fullStr | Does carbon mitigation depend on green fiscal policy or green investment? |
| title_full_unstemmed | Does carbon mitigation depend on green fiscal policy or green investment? |
| title_short | Does carbon mitigation depend on green fiscal policy or green investment? |
| title_sort | does carbon mitigation depend on green fiscal policy or green investment |
| topic | green fiscal policy carbon mitigation green investment innovation compensation |
| url | https://doi.org/10.1088/1748-9326/acc4df |
| work_keys_str_mv | AT yufenghu doescarbonmitigationdependongreenfiscalpolicyorgreeninvestment AT youqiangding doescarbonmitigationdependongreenfiscalpolicyorgreeninvestment AT junliu doescarbonmitigationdependongreenfiscalpolicyorgreeninvestment AT quanzhongzhang doescarbonmitigationdependongreenfiscalpolicyorgreeninvestment AT zijianpan doescarbonmitigationdependongreenfiscalpolicyorgreeninvestment |