Research On Environmental Regulation,Environmental Investment And Pollution Control

At present,China’s economic development has entered a new normal,the industrial structure has continued to be optimized,the growth rate of energy consumption has gradually slowed down,and the development of high energy consumption,high pollution,and high emission industries has gradually declined.However,we must soberly realize that with the acceleration of industrialization and urbanization and the continuous upgrading of the consumption structure,environmental pollution is still one of the bottlenecks hindering China’s economic development,and the situation of pollution control and emissions reduction is still grim.The report of the "19th National Congress of the Communist Party of China" stated that it is necessary to adhere to the development concept of "innovation,coordination,greenness,openness,and sharing",adhere to the concept of green development,focus on solving environmental problems,and strengthen ecosystem protection.To this end,China must increase the intensity of environmental regulations,increase investment in environmental protection,reduce industrial pollution emissions,and thereby strengthen the construction of ecological civilization.In this context,it is of great practical and theoretical significance to explore the mechanism by which environmental regulation affects pollution control and emission reduction,and study the effect of environmental regulation on pollution control and emission reduction.This article first summarizes domestic and foreign related literature on environmental regulation and pollution reduction,environmental regulation and environmental protection investment,environmental protection investment and pollution reduction,and defines the concepts of environmental regulation,environmental protection investment and pollution reduction.The theoretical basis,and in-depth exploration of the role of environmental regulation and environmental protection investment in pollution control and emission reduction.Secondly,it analyzes the current status of environmental regulation,environmental protection investment,and pollution reduction in China,and points out problems with environmental regulation,environmental protection investment,and pollution reduction.Then,using provincial panel data from 29 provinces and cities in China from 2003 to 2017,a panel data model was established to empirically analyze the impact of environmental protection investment as an intermediary variable and environmental regulation on pollution control and emission reduction,while exploring environmental regulation and pollution control.Non-linear relationship between emission reductions.Finally,the corresponding policy suggestions are put forward.The research conclusion of this article is that environmental protection investment plays a full mediating effect in the process of environmental regulation and suppression of industrial pollution emissions.With the increase in the intensity of environmental regulations,companies are more inclined to invest in environmental protection,and then gradually promote pollution reduction.The enterprise is the main body of decision-making.When facing the government’s environmental regulations,the enterprise decides whether to control pollution,whether to reduce pollution and reduce emissions.These are inseparable from the investment decision of the enterprise.Environmental protection investment will bring huge environmental benefits to the enterprise,which is in line with the sustainable development path of the green cycle.Therefore,environmental regulatory policies will promote environmental protection investment by enterprises and thus promote pollution control and emission reduction.At the same time,there is a non-linear relationship between environmental regulations and industrial pollution emissions.In the long run,there is an irregular inverted "U" relationship between environmental regulations and industrial pollution emissions.In addition,when the level of environmental regulation is lower than 0.414,environmental regulation promotes industrial pollution emissions,and when the level of environmental regulation is higher than 0.414,environmental regulations have a suppressing effect on industrial pollution emissions.Based on the conclusions of theoretical research and empirical tests,this article puts forward the following policy recommendations: first,the government should strengthen the environmental regulation and strive to exert the positive role of environmental regulation;second,it is necessary to formulate differentiated environmental regulation policies in accordance with the characteristics of various regions,Refine environmental regulatory standards;Finally,increase investment in environmental protection,encourage companies to innovate in clean technologies,and reduce industrial pollution emissions.