Open Access Journal Article

An Empirical Study of the Policy of Low-Carbon City Pilot on the Level of Green Technological Innovation

by Xiaojun Liu a,* ,  Hongyuan Bi a  and  Yu Teng b
a
School of Economics, Tianjin University of Commerce, Tianjin, China
b
Oxford School of Hospitality Management, Oxford Brooks University, Oxford, UK
*
Author to whom correspondence should be addressed.
CEF  2024, 6; 2(1), 6; https://doi.org/10.58567/cef02010001
Received: 21 January 2024 / Accepted: 16 March 2024 / Published Online: 20 March 2024
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Abstract

The low-carbon city pilot is an important policy for promoting sustainable development and addressing climate change. The level of green technological innovation is a significant driving force for China's transition to high-quality development and the realization of carbon peaking and carbon neutrality goals. This essay takes the panel data of 30 provinces in China from 2008 to 2020 as the research sample, regards the number of urban green invention patent applications as a quantifiable indicator of the level of urban green technological innovation, and takes the policy of low-carbon city pilot as a quasi-natural experiment, and uses the difference-in-differences model to test the impact of low-carbon city pilot on the level of urban green technological innovation, and to investigate the mechanism of action within. The main conclusions are as follows: (1) The policy of low-carbon city pilot has an outstanding promotion effect on the level of urban technological innovation. (2) Using the mediating effect to analyze, it is found that the low-carbon city pilot policy can improve the level of urban green technological innovation through the development of green finance.

Keywords: Policy of Low-Carbon City Pilot; Green Technological Innovation; Difference-in-differences Model;
Copyright: © 2024 by Liu, Bi and Teng. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.