Journal
RESOURCES CONSERVATION AND RECYCLING
Volume 176, Issue -, Pages -Publisher
ELSEVIER
DOI: 10.1016/j.resconrec.2021.105954
Keywords
Carbon neutrality; Environmental regulation; Energy-environmental performance; Porter Hypothesis; Tobit model
Categories
Funding
- Science and Technology Projects of Innovation Laboratory for Sciences and Technologies of Energy Materials of Fujian Province [RD2020060101]
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The study reveals a U-shaped relationship between environmental regulation and the energy-environmental performance of the iron and steel industry: low regulation intensity hinders performance improvement, while increased regulation intensity contributes to enhancement. Environmental regulation impacts industrial energy-environmental performance through technological innovation, and regional variations in the impact of regulation on energy-environmental performance are noticeable.
Environmental regulation is a critical instrument for achieving sustainable economic and social development in the context of carbon neutrality. The iron and steel industry is highly polluting and energy-consuming, posing a significant threat to China's environmental sustainability. Based on the panel of Chinese provincial-level data from 2000 to 2017, this paper empirically examines how environmental regulation affects the iron and steel industry's green development. The findings show that there is a U-shaped relationship between environmental regulation and energy-environmental performance. Low environmental regulation intensity inhibits the improvement of energy-environmental performance. But as the regulation intensity increases, it contributes to the advancement of energy-environmental performance. Environmental regulation affects the industrial energy-environment performance through technological innovation, and the relationship between environmental regulation and technological innovation presents a U-shaped relationship. There are noticeable regional differences in the impact of environmental regulation on energy-environmental performance. The findings provide new evidence to confirm the Porter Hypothesis. Finally, this paper provides policy suggestions for further energyenvironmental performance improvements in China's iron and steel industry.
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