Chen, B.; Jin, F.; Li, G.; Zhao, Y. Can the New Energy Demonstration City Policy Promote Green and Low-Carbon Development? Evidence from China. Sustainability2023, 15, 8727.
Chen, B.; Jin, F.; Li, G.; Zhao, Y. Can the New Energy Demonstration City Policy Promote Green and Low-Carbon Development? Evidence from China. Sustainability 2023, 15, 8727.
Chen, B.; Jin, F.; Li, G.; Zhao, Y. Can the New Energy Demonstration City Policy Promote Green and Low-Carbon Development? Evidence from China. Sustainability2023, 15, 8727.
Chen, B.; Jin, F.; Li, G.; Zhao, Y. Can the New Energy Demonstration City Policy Promote Green and Low-Carbon Development? Evidence from China. Sustainability 2023, 15, 8727.
Abstract
Developing new energy is critical to China's green and low-carbon development. And the New Energy Demonstration City Policy (NEDCP) is a vital innovation policy that inspires the development of new energy. Is the NEDCP facilitating green and low-carbon development, if so, how? Employing unbalanced panel data from 2003 to 2017, the impact of NEDCP on green and low-carbon development was studied by using the "difference in difference" (DID) model. We find that this policy can take significantly role. After various robustness tests, our results are still valid. According to the heterogeneity analysis, non-resource and non-old industrial base cities have a greater positive impact from this policy. The mechanism analysis denotes that the positive policy effect works through upgrading the industrial structure and stimulating urban innovation. The substantial empirical evidence presented in this article supports the continued promotion and implementation of new energy demonstration cities.
Keywords
Green development; Low-carbon development; Difference-in-difference method; New Energy Demonstration City Policy; City heterogeneity
Subject
Environmental and Earth Sciences, Environmental Science
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
