Can environmental tax improve the environmental investment? Evidence from a quasi-natural experiment in China

Article Environmental Sciences

Government environmental protection subsidies, environmental tax collection, and green innovation: evidence from listed enterprises in China

Zhangsheng Jiang et al.

Summary: This paper examines the impact of environmental protection subsidies and environmental tax collection on green innovation in Chinese manufacturing companies. The findings indicate a positive linear relationship between environmental protection subsidies and green innovation, while the relationship between environmental tax collection and green innovation shows a U-shaped pattern of inhibition followed by promotion. The study also reveals that the market-expected performance gap and market competition moderate and reinforce green innovation in enterprises.

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2023)

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Article Environmental Sciences

The improvement of energy-consuming right trading policy on the efficiency of urban green development

Bingnan Guo et al.

Summary: The energy-consuming right trading policy in China has great potential to reduce pollutant emissions and achieve green development. It can significantly promote the efficiency of urban green development and improve it through green technology innovation. However, its effectiveness varies across different regions, with significant effects in the eastern region but not in the central and western regions.

FRONTIERS IN ENVIRONMENTAL SCIENCE (2023)

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Article Economics

Impact of the digital economy on high-quality urban economic development: Evidence from Chinese cities

Bingnan Guo et al.

Summary: The establishment of China's big data comprehensive pilot zones has accelerated the development of the digital economy by promoting the integration of big data and cloud computing. By analyzing the impact of the digital economy on high-quality urban economic development, using data from China and employing a difference-in-differences approach, our study found that the digital economy significantly stimulates economic development by improving human capital and promoting green technology innovation. Additionally, the digital economy can alleviate the crowding effect in developed areas, providing a solid foundation for high-quality economic development. Our findings offer new insights into the real impact of the digital economy on urban economic development.

ECONOMIC MODELLING (2023)

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Article Environmental Sciences

Have carbon emission trading pilot policy improved urban innovation capacity? Evidence from a quasi-natural experiment in China

Bingnan Guo et al.

Summary: The carbon emission trading pilot policy is an important initiative for achieving economic-environmental development synergy. This paper analyzes the impact of this policy on urban innovation capacity in China from 2006 to 2020 using a time-varying difference-in-difference model. The study finds that the implementation of the policy improves cities' innovation capacity, with stronger promotion of utility model patents and non-capital cities. Furthermore, there is a positive spillover effect, leading to improved innovation capacity in neighboring cities. This research has reference value for establishing a unified carbon emission trading market and promoting low-carbon economic development in China.

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2023)

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Article Environmental Sciences

Environmental Risk and Credit Ratings, and the Moderating Effect of Market Competition

Yujin Kim et al.

Summary: This study examines the relationship between environmental risk and corporate bond credit ratings, and the moderating effect of market competition. The findings suggest that greenhouse gas emissions and energy consumption of Korean firms have a negative impact on bond credit ratings. The study also highlights the stronger negative effect of environmental risk on credit ratings in firms with low market competition. It contributes to the understanding of the effect of environmental risk on credit ratings and emphasizes the importance of considering direct environmental performance in credit rating assessment. The study implies the need for policymakers to manage market competition in terms of environmental justice in order to maintain credit ratings.

INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH (2022)

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Article Economics

Environmental tax reform and environmental investment: A quasi-natural experiment based on China's Environmental Protection Tax Law

Guangqiang Liu et al.

Summary: This paper examines the impact of China's environmental tax implementation on firms' environmental investments using Shanghai and Shenzhen A-share listed companies from 2015 to 2019. The results show a significant increase in firms' environmental investments after the implementation of the tax. The positive effect is more significant for state-owned companies and companies subject to high media attention, but there is no obvious difference between companies in regions with different levels of economic development. Further analysis reveals that government subsidies negatively affect firms' environmental investments, but the environmental tax reduces such subsidies and thus increases firms' environmental investments. Additionally, the results show that the environmental tax promotes firms' performance through increased environmental investments.

ENERGY ECONOMICS (2022)

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Article Environmental Sciences

Can environmental tax reform promote carbon abatement of resource-based cities? Evidence from a quasi-natural experiment in China

Bingnan Guo et al.

Summary: China is entering a new period characterized by reaching peak and carbon neutralization. Environmental taxes are crucial for breaking the carbon curse of resource-based cities. This study assesses the effect of the environmental tax reform in reducing carbon emissions using China's Environmental Protection Tax Law as a quasi-natural experiment. The results provide theoretical support and policy suggestions for supporting resource-based cities in a green transformation.

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2022)

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Article Ecology