Environmental Regulation,Locational Choice Of Domestic And Foreign Investment And Carbon Emission

nvestment is one of the "troika" driving China's economic growth.China's investment includes Hong Kong,Macao and Taiwan investment,foreign direct investment and China's domestic investment.Since the reform and opening up,China has undertaken a large number of foreign investment.With the rapid development of the economy,a substantial increase in per capita income and the deepening of financial markets,China's domestic investment has gradually increased.However,while investing in economic growth,environmental pollution and carbon emissions are exacerbated.According to the "pollution shelter hypothesis",polluting enterprises in the face of strict environmental standards will be transferred to the loose areas of environmental control,pollution emissions will be transferred to the ground.China may become a refuge for foreign investment,and some areas may undertake pollution transfers from other regions.Therefore,how to coordinate economic development and energy conservation and emission reduction has become a very important issue.In the process of undertaking foreign investment and domestic investment,we need to seek reasonable environmental regulation and carbon reduction policies in order to be able to make sustainable investment and economic development as well as low-carbon economy together to achieve carbon dioxide emissions and economic growth"win-win".This paper expounds the influence mechanism of environmental regulation on investment location selection and the threshold effect of environmental regulation on carbon dioxide emissions.Through the analysis of the status quo,the relationship between environmental regulation,foreign investment,domestic investment and carbon dioxide emission change is found,and FDI is divided according to the source.On the basis,the author analyzes the influence of environmental regulation on FDI from different sources and China's domestic investment,and validates the threshold effect of environmental regulation on various types of investment.The study found that environmental regulation is a factor that will be taken into account when investing in Hong Kong,Macao,Japan,Singapore and South Korea.China's domestic investment will also circumvent the impact of environmental regulation.FDI from Germany and the United States is not affected by environmental regulation.The results of industry level show that the foreign investment and domestic investment in high carbon industry are more susceptible to environmental regulation of,and the latter gets more inhibiting effect.In addition,the impact of various types of investment on the impact of carbon emissions in China have the threshold effect of environmental regulation.Germany and the United States FDI has a single threshold of environmental regulation on the impact of carbon emissions,the impact of other investments on carbon emissions there exists environmental regulation of the double threshold.Different environmental regulation Level,the carbon emission reduction effect of various types of investment is different,the first and second threshold of transnational investment can play a more effective carbon emission reduction effect.Furthermore,foreign investment in carbon emission reduction effect is greater than China's domestic investment.This paper analyzes the effect of various types of investment location and carbon emission reduction in environmental regulation,which is of great significance to how to formulate environmental policy rationally,guide foreign capital inflow and domestic investment and achieve energy saving and emission reduction as well as low carbonization development.