Research On The Relationship Between Corporate Environmet Protection Investment And Energy-resource Structure,Environmental Quality

There is only one earth for human bings.The risk of the global warming will bring influence on every one.Both the countries and individuals should do something to tackle the climate crisis,which must be addressed with the seriousness and urgency that derived from economic development.Leading a low-carbon life and preventing global warming is a common goal of the people around the world.Since1978,the year of China reform and opening-up,our economy has experienced incredible high-speed development which the economic growth rate is far ahead of other countries with remarkable achievement.The GDP has increased from 364.5 billion RMB in 1978 to more than 100 trillion RMB even in 2020 when coronavirus epidemic stroked the world.China has become the fastest growing economy country in the world.At the same time,with the rapid economic development,China also pay the huge cost for the serious environmental pollution and the ecology damage.In recent years,the central government has restricted the industries of high pollution,energy consuming by issuing the policies and taking actions.Under the pressures of the policy enhancement and the law enforcement,environment-friendly enterprises will become the main economic body in the future.The growth of energy consumption derives from high-quality economic development and people’s desire for a better life.The supply-side structural reform determines the intensity of carbon emissions.Both of them jointly determine the carbon peak path before 2030.Energy structure is one of the most important factor of carbon emission intensity.This paper mainly focus on the impact of low-carbon energy structure and environmental quality improvement regarding the enterprises environmental investment.The paper will also provide the reference for the government decision-making and enterprise strategic direction.The previous studies mainly focus on environmental regulation to analyze the impact of macroeconomic policies on corporate environmental investment.In this paper,the environmental investment data of listed companies from 2016 to 2019 are used as dependent variables,and the environmental quality and energy structure from 2015 to 2018 are used as independent variables.The pannel data analysis is used for empirical research.The research shows that low-carbon energy structure can significantly affect enterprises’environmental investment,and the correlation is negative.The improvement of environmental quality(PM2.5)has a significant negative impact on corporate environmental investment.With the background of China’s commitment of the carbon peak before 2030 and carbon neutralization before 2060,the author conclude the empirical results remind enterprises to take measures in advance for future development.