Research On The Impact Of Carbon Emissions Trading System On Enterprise’s Green Technological Innovation

The proposal of the "dual carbon" goal is not only a conscious action to promote highquality development and achieve green transformation,but also China’s responsibility to deeply participate in global environmental governance.Coping with climate change involves governments at all levels and all walks of life.Promoting the green and low-carbon transformation of the economy and society is a major systematic project that requires both topdown top-level design,policy support,and bottom-up implementation.,Practical innovation.As one of the important means to promote environmental governance,the carbon emission trading system has been mentioned in an important position,which can flexibly use the market mechanism to solve the environmental problems of enterprises in the process of production and operation.Under the constraints of carbon emission reduction,as the main force in addressing climate change,how companies can promote technological innovation,especially green technology innovation,and give full play to the decisive role of the market in the allocation of innovation resources deserves extensive attention.In the context of market incentive-based environmental regulation,this paper takes the carbon emissions trading system piloted in my country in 2013 as a policy impact to study its impact on green technology innovation of enterprises,and discusses how enterprises can take measures when government entities are involved.Effective measures should be taken to formulate green technology innovation decisions for low-carbon development,further clarify the channels of influence,and help enterprises and governments to more effectively understand the mechanism and effect of market-incentive environmental regulation on enterprise green technology innovation.Based on institutional economics theory,Porter hypothesis theory and stakeholder theory,this paper deeply studies the impact of carbon emissions trading system on corporate green technology innovation.Firstly,it analyzes the proposal and development status of my country’s carbon emission trading system from three aspects: the development of China’s carbon trading pilots,the operation status and characteristics of the pilot carbon market,and summarizes the development status and obstacles of Chinese enterprises’ green technology innovation.Secondly,based on how factors such as carbon allowances,carbon prices,government subsidies,and R&D investment affect the carbon trading model that companies make decisions to achieve optimal profits,the corresponding impact mechanism is analyzed.Based on the important roles of R&D investment and government subsidies in the process of enterprise green technology innovation,taking R&D investment as an intermediary variable and government subsidies as a moderator variable,it is expounded that the two may exist in the process of carbon emission trading system affecting enterprise green technology innovation.effect.This paper further distinguishes the main body of enterprises,expounds the impact of the carbon emission trading system on the green technology innovation of heterogeneous enterprises,and then puts forward research hypotheses.Third,select the relevant data of Shanghai and Shenzhen A-share listed companies from 2010 to 2019,build a double-difference model to verify the research hypothesis,and make a series of robustness tests.The mediating effect of R&D investment and the moderating effect of government subsidies are further tested,and whether the two can significantly affect the relationship between the carbon emissions trading system and corporate green technology innovation,the empirical results are analyzed and summarized,and finally the research conclusion of this paper is obtained.Finally,combined with the impact of the carbon emission trading system in corporate green technology innovation and the role of R&D investment and government subsidies in it,the paper proposes the promotion of the carbon emission trading system from the perspectives of system construction,policy support and enterprise development.The relevant countermeasures and suggestions for enterprise green technology innovation seek a new breakthrough path for market incentive environmental regulation to promote enterprise green technology innovation.