Environmental Regulation,government Subsidies And Green Technology Innovation

Forty years of leaping development has not only brought economic boiling and progress of the times,but also accumulated conflicts and conflicts between man and nature.Looking at the past and looking to the future,people have begun to move from a single pursuit of rapid development to sustainable development.Facing the increasingly severe development situation,strengthening the innovation ability of enterprises and guiding the industrial green transformation and upgrading has become the top priority in China’s deepening reform.Existing research shows that good policy implementation will help enterprises to make adjustments in production and investment decisions,and favor green technology innovation.However,the existing research still mainly studies the single-level relationship between environmental regulations or government subsidies for green technology innovation,and the research paradigm on green technology innovation has not yet been determined.Therefore,studying the impact of environmental regulations and government subsidies on green technology innovation will help to explore the model of continued industrialization and coordinated development of resources and the environment,and help to explore a sustainable development path that is in line with China’s national conditions.On the basis of studying the relevant literature on environmental regulation and green technology innovation,this paper explores the mechanism of green technology innovation from the dual perspectives of environmental regulation and government subsidies and develops relevant empirical analysis.Based on this,in order to reduce environmental pollution and promote Policy recommendations for green technology innovation.First,this paper sorts out the theoretical development of green technological innovation and environmental regulation,and defines the main concepts.Then on the basis of studying externality theory,technological innovation theory and other theories,the non-linear effects of environmental regulations on green technological innovation and the regulatory effect of government subsidies are proposed.Finally,the differences in government subsidy effects of various industries are compared with different industry types and The combination effect of different policies under different strengths reveals the trajectory of corporate green technology innovation under multiple policies.This paper selects 36 industrial industries from 2009 to 2015 as research objects,constructs comprehensive indicators to measure China’s environmental regulations,and validates the non-linear effects of environmental regulations on green technology innovation and the regulatory effect of government subsidies through a threshold model.The results show that environmental regulation can promote green process innovation and green product innovation within a reasonable range.At the same time,it is found that industry heterogeneity leads to significant differences between environmental regulation and government subsidies in different technology-intensive industries.Further analysis found that in advanced technology-intensive industries,higher government subsidies combined with low-intensity environmental regulations can promote green technology innovation,while in low-technology-intensive industries,low-level government subsidies should be accompanied by high-intensity environmental regulations Conducive to enterprise innovation.Therefore,the government should further strengthen policy reforms,formulate differentiated regulatory policies,and flexibly match government subsidies to achieve green technological innovation in enterprises.