Green Development Of China’s Industry Under The Background Of Achieving Carbon Peaking And Carbon Neutrality Goals

In September 2020,General Secretary Xi Jinping pledged to the international community that"China will increase its independent national contribution,adopt more vigorous policies and measures,and strive to peak CO₂ emissions by 2030 and achieve carbon neutrality by 2060."Achieving carbon peaking and carbon neutrality is a dual carbon goal.Chinese industry has made great historical achievements in continuous exploration,but this growth has long relied on factor inputs and built on a crude and quantitative basis,resulting in the depletion of natural resources,extreme climate change,continuous ecological deterioration and serious damage to biodiversity,which have become the key aspects of ecological civilization construction and green development to be addressed in the context of the double carbon target.The realization of the double carbon target is"a broad and profound economic and social systemic change",which requires the joint participation of government,industrial enterprises and the public,and the role of"active government"in the social regulation,defense and management of environmental pollution by environmental regulation.To realize the resource allocation efficiency of"effective market"and improve industrial productivity,energy utilization efficiency and resource recycling rate,which are important driving forces for industrial green development transformation.Therefore,in the context of the dual carbon target,it is important to explore how the government can grasp the development and intensity of environmental regulation tools and give full play to the effect of environmental regulation and governance by combining the"active government and effective market"to achieve the win-win goal of industrial green development and resource environmental protection.This study examines the history and great achievements of industrial development in China from the perspective of historical materialism,and analyzes the role of the socialist market economy system with Chinese characteristics in the green development of industry using a combination of theoretical and empirical methods,with a focus on the governance model of"proactive government and effective market",which is an important measure to deal with resource and environmental problems and achieve high-quality development.We focus on the combination of"active government and effective market"as a governance model to address resource and environmental problems and achieve high-quality development,and study the mechanism and principles of environmental regulation on China’s industrial green development.First,based on the definition of green development,industrial green development,carbon peaking,carbon neutrality and environmental regulation,and the theoretical analysis of the logical framework of China’s industrial green development in the context of the dual carbon target,the super-efficient SBM model（Slack-based Measure）is used to measure the level of China’s industrial green development,and the ML（Malmquist-Luenberger）production index to decompose it;secondly,a panel data regression model is constructed to test the hypothesis that environmental regulations promote industrial green development and there is heterogeneity.1 A panel threshold model is used to test the threshold effect of environmental regulations on industrial green development in terms of technological progress（hypothesis 3）and fiscal decentralization threshold effect（hypothesis 4）,and further spatial econometric models are selected to discuss the spatial spillover effect of heterogeneous environmental regulations on industrial green development（hypothesis 5）;finally,from the perspective of total carbon emission control in the dual carbon target,the policy effect of market-incentivized environmental regulations on China’s industrial green development is explored by taking carbon emission trading policy as an example,while at the same time,intermediary effects are introduced in the mechanism of action,incorporating scientific and technological innovation,energy structure,energy efficiency and high industrial structure,This study explores the influence paths and transmission mechanisms of the typical"active government and effective market"governance,and verifies the hypothesis that environmental regulation will promote industrial green development through direct or indirect effects.2 Based on the essential goal and inherent requirements of the dual carbon target for systemic economic and social change,this study attempts to consider carbon dioxide as a non-desired target.This study attempts to verify the mechanism of environmental regulation by combining"active government and effective market"for the transformation of industrial green and low-carbon development in the context of the dual-carbon target,and then proposes countermeasures and suggestions for China’s industrial green development in the context of the dual-carbon target by using carbon dioxide as an undesired output for the whole process of constraint.The main findings of this study are as follows:（1）The issue of industrial green development is discussed in terms of the carbon emission target constraint of"economic and social systemic change"by the double carbon target.The results of ML decomposition index show that the growth of industrial green development level in China and each region mainly comes from technological progress,and the reduction of technical efficiency will inhibit the improvement of industrial green development level.The results of ML decomposition index show that the growth of industrial green development level in the country and each region mainly comes from technical progress,while the decrease of technical efficiency will inhibit the improvement of industrial green development level;the results of periodical examination show that the level of industrial green development in each region has improved significantly after the 18th Party Congress;the results of kernel density estimation show that the level of industrial green development shows growth in general,but the absolute difference of industrial green development level within each province and city tends to expand;the results of convergence show that the absoluteβconvergence results of the country and the western region pass the 1%significance test,indicating that The convergence results show that the absoluteβconvergence results of both the national and western regions pass the 1%significance test,indicating that there is convergence in their industrial green development levels,showing the"catch-up effect"of the backward regions to the advanced regions.（2）The influence of environmental regulation on industrial green development and its heterogeneity were tested empirically.The results show that the environmental regulation index measured by the entropy method has a significant effect on industrial green development,and the effect is better in eastern and strong industrial provinces than in central and western provinces and weak industrial provinces;the heterogeneous environmental regulations only have a single technological progress threshold and a fiscal decentralization threshold,and the impact coefficients of environmental regulation index,command-and-control environmental regulations and market-incentive environmental regulations all jump upward before and after the technological progress threshold.As the degree of fiscal decentralization expands from the low to the high threshold range,the promotion effect of environmental regulation on industrial green development will increase significantly;China’s industrial green development shows obvious spatial clustering and dependence characteristics,and the heterogeneous environmental regulation index and Moran’s I index shows that there is a significant positive spatial correlation between the two,indicating that a reasonable combination of different types of environmental regulation tools is an important tool to rapidly promote industrial green development in the context of China’s dual carbon target.（3）The effect of the combination of"active government and effective market"on industrial green governance is tested.As a representative market incentive environmental regulation in the context of the double carbon target,the implementation of carbon emission trading policy has a positive policy effect on the green productivity of China’s industry,i.e.,it improves the level of China’s industrial green development and has a significant boosting effect on the green development of China’s industry;the implementation of carbon emission trading policy can improve the level of scientific and technological innovation,improve the energy structure,improve energy efficiency,high-end industrial structure and achieve the green development of resources through the implementation of carbon emission trading policy.The implementation of carbon emission trading policy can positively influence the green total factor productivity of China’s industry through improving the level of scientific and technological innovation,improving the energy structure,improving energy efficiency,high-end industrial structure and realizing the recycling of resources,etc.,but the role path of external opening has not yet been formed.The innovation of this study is mainly the following three points:（1）the inclusion of industrial waste and carbon dioxide into the non-desired output,and the construction of a"labor-capital-energy-environment"framework that can better reflect the meaning of industrial green development in the context of the dual carbon target.（1）The analytical framework of"labor-capital-energy-environment",which can better reflect the meaning of industrial green development in the context of double carbon target,is constructed.（2）The impact of environmental regulations on industrial green development is discussed from the perspective of heterogeneity and spatiality,and the mechanisms and differences in the effects of different types of environmental regulations on industrial green development are clarified,and the spatial effects of environmental regulations on industrial green development are fully considered.（3）From the perspective of total carbon emission control in the dual carbon target,the policy of carbon emission trading is used as an example to explore the policy effects of market-incentivized environmental regulations on China’s industrial green development,and to explore the resource allocation path of combining"active government and effective market".