Research On Promoting Effect And Mechanism Of Carbon Emission Trading On Technological Innovation Of Enterprises In Green Industry

In recent years,with the rapid economic development of countries around the world,global warming has gradually intensified,which is not only related to the quality of people’s livelihood,but also affects the sustainable development in the future.Therefore,the international community began to pay attention to this problem and take corresponding measures.As a big country in heavy industry,China is also committed to low-carbon emission reduction.Learning from the development experience of foreign carbon trading markets,China also tries to solve environmental problems by using the market to reduce its carbon emissions.Since 2013,China has set up carbon trading pilot projects in eight provinces and cities,including Beijing,Shanghai and Shenzhen.In July 2021,the national carbon emission trading market was officially launched,which greatly promoted the enthusiasm of enterprises in China’s green industry to participate in carbon emission reduction,enhanced the power of green innovation,and made great achievements on the road to reduce carbon dioxide emissions.In this paper,to explore the influence of the carbon emissions trading on the green industry enterprise as the goal,first of all carbon emissions trading policy made simple introduction,the background and significance of the reviewed scholars in environmental regulation and the green industry,carbon emissions trading market,technology innovation and patent this a few aspects of the relevant literature,obtained the relevant theoretical support.Then on carbon emissions trading is defined with the concept of green industry,and reviewed the current carbon market in the industry,the development status of several aspects such as the transaction type,and the scarcity of resources,financial theory and innovation of property rights theory,environmental economics theory as the theoretical basis,at the logical level illustrates how the carbon market impact on green industry enterprise,This paper analyzes the incentive mechanism of carbon trading on technological innovation of enterprises in green industry from four aspects: cost saving incentive mechanism,benefit driving mechanism,risk avoidance mechanism and market guidance mechanism.Based on the above,three hypotheses are proposed: the establishment of carbon emission trading market policy can promote the innovation activities of enterprises in green industry;The carbon emission market policy has heterogeneous influence on the innovation of green industry enterprises.The carbon trading market affects the innovation ability of enterprises by influencing their R&D investment and after-tax net profit.In order to verify these three hypotheses,the empirical part mainly selects the data of 77 green industry enterprises in 7 carbon trading pilot projects for 7 years to establish panel data,and uses the differential difference model to make regression to confirm that carbon emission trading can indeed induce enterprise green innovation.The accuracy of the results was further confirmed by subsequent robustness tests.At the same time,mechanism analysis and heterogeneity analysis were carried out to confirm the three hypotheses proposed above.Finally,on the basis of the above conclusions,the corresponding suggestions are put forward.