期刊
ENERGY POLICY
卷 170, 期 -, 页码 -出版社
ELSEVIER SCI LTD
DOI: 10.1016/j.enpol.2022.113216
关键词
Government subsidy; Carbon trading price; Photovoltaic; R & D input; Innovation performance
资金
- Major Project of National Social Science Foundation of China [20ZD205]
- National Social Science Foundation of China [19CFX052]
- Research project of State Intellectual Property Office of China [SS21-B-015]
- National Natural Science Foundation of China [71974144]
- Young Talent Research Program of China Association for Science and Technology [2022-316]
- fund of the Key Laboratory of Cities' Mitigation and Adaptation to Climate Change in Shanghai [QHBHSYS201906]
This study examines Chinese-listed PV enterprises and finds that government subsidies have a promoting effect on innovation performance, with R&D input playing a mediating role. Carbon trading prices exert a positive moderating effect between government subsidies and innovation performance.
Currently, there is much concern about traditional energy transition owing to the exacerbation of various environmental issues. As a highly developed industry in terms of renewable energy, the photovoltaic (PV) in-dustry has played a significant part in achieving the goal of low carbon development. This study examines Chinese-listed PV enterprises from 2014 to 2020 to explore not only the impact of government subsidies on innovation performance but also the moderating effect of carbon trading prices. The results are as follows. First, government subsidies have a promoting effect on innovation performance and R&D input plays a mediating role on a continued basis. Second, this promoting effect is more pronounced in zones designated for carbon trading pilot. Finally, carbon trading prices exert a positive moderating effect between government subsidies and innovation performance. Therefore, while increasing government subsidies, the state should also create a carbon trading market with more realistic trading prices for PV enterprises and give full play to the price discovery process in the carbon market.
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