The Carbon Reduction Effect of Heterogeneous Environmental Regulation Tools

Bingtao Qin; Shun Li

doi:10.63313/EBM.9107

Authors

Bingtao Qin University of Shanghai for Science and Technology, Shanghai 200093, China Author
Shun Li University of Shanghai for Science and Technology, Shanghai 200093, China Author

DOI:

https://doi.org/10.63313/EBM.9107

Keywords:

Heterogeneous environmental regulation tools, Pollution discharge fees, Environmental subsidies, Carbon intensity

Abstract

Against the backdrop of the "double carbon" goals, reducing the carbon intensity of heavy-polluting enterprises with high energy consumption and carbon emis-sions has become crucial. As an important policy tool to guide green and low-carbon development, environmental regulation policies are indispensable for governing enterprise carbon intensity. This study focuses on two heteroge-neous environmental regulation tools—environmental subsidies and pollution discharge fees—and selects 8,258 sample observations of Chinese listed compa-nies from 2011 to 2021 as the research object. The findings show that: Environ-mental subsidy policies can significantly reduce the carbon intensity of heavy-polluting enterprises, while pollution discharge fees exacerbate enterprise carbon intensity to a certain extent.The research conclusions are of great signif-icance for improving environmental regulation policies and guiding heavy-polluting enterprises to save energy and reduce emissions, providing a realization path for achieving the carbon neutrality goal by 2060.

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