Does carbon mitigation depend on green fiscal policy or green investment

Bibliographic Data

ID15547424
AuthorsYufeng Hu (0000-0003-0487-3151, Tongling University, corresponding author), Youqiang Ding (0000-0002-3523-2018, Tongling University), Jun Liu (0000-0001-5393-3187, Tongling University), Quanzhong Zhang (Tongling University), Zijian Pan (Tongling University)
Year2023
Volume18
Issue4
Pages045005-045005
Publication date2023-03-16
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEnvironmental Research Letters (JOURNAL)
Journal identifiersISSN: 1748-9326 • E-ISSN: 1748-9326
PublisherIOP Publishing (PUBLISHER • GB)
DOI10.1088/1748-9326/acc4df
OpenAlexW4327545729
LanguageEN
Citations received4
References cited14

Does carbon mitigation depend on the force of government or the autonomy of enterprises? We should first distinguish the roles of green fiscal policy and corporate green investment to test whether they can independently guide enterprises to reduce carbon emissions. Because a clear relationship will help resolve the embarrassment caused by their different goals. Then we use theoretical and empirical methods to analyze green fiscal policies and corporate green investment mechanisms, which have nonlinear impacts on carbon mitigation in mathematics. Furthermore, we have empirically verified then in three effective paths: the promotion of green fiscal policies on green investment, the mediator of green investment in the influence of green fiscal policies on carbon mitigation and enterprise performance, and the difference in firm heterogeneity on green investment. The results show that green fiscal policies support enterprises in realizing carbon mitigation by pressure, stimulating green investment, and achieving Innovation Compensation . Carbon mitigation depends on the trigger of green fiscal policies and the catalysis of green investment. That means the green fiscal policy is an effective instrument for the government to stimulate green innovation only when they are vital in reducing carbon emissions. Finally, we can summarize the evolutionary process of carbon mitigate from mandatory green fiscal policies to independent green investment, which is helpful for green governance and the low-carbon development of enterprises

Business · Corporate governance · Economics · Fiscal policy · Government (linguistics · Green Economy · Green growth · Green innovation · Industrial organization · Investment (military · Monetary economics · Politics · Sustainable development · Climate Change Policy and Economics · Energy, Environment, Economic Growth · Environmental Sustainability in Business · Ecology · Finance

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