The Influence Of Government Incentive Policies On The Development Of Green Buildings

Global environmental degradation,resource shortage,continuous climate warming and other issues have become unavoidable.In 2020,from the perspective of a community with a shared future for mankind,China proposed a "dual carbon"target of 2030 carbon emissions peak and 2060 carbon neutrality.Different from the"natural carbon emissions peak" achieved by developed countries in decades,"carbon emissions peak by administrative intervention" is an important path for China to achieve the goal as schedule.It means to achieve carbon peak by using correct and efficient administrative means,targeting core high carbon emission fields,and leveraging the joint participation of multiple market players.The construction industry is a high carbon emission industry,and its energy consumption is one of the main sources of urban carbon dioxide.The production mode of high energy consumption,high pollution and low efficiency in the industry can only be changed through the promotion of green buildings,but green buildings themselves face the risk of market failure.Therefore,effective administrative intervention is crucial to stabilize the green building market,achieve the "dual carbon" goal,build an environment-friendly society,and achieve sustainable economic development.Based on the above background,and considering the improvement effect of incentive policies on market failure in the early stage of green building development,this paper focuses on the three-level subsidy policy system for green buildings in China,and uses the DID method identification strategy to investigate the multiple impacts of subsidy policies on green building development.Specifically,based on the panel data of 213 cities nationwide from 2008 to 2015,this paper first combs the development history of green buildings in China,summarizes their space-time evolution characteristics,and then uses DID method to explore the effectiveness and impact of subsidy policies on the development of green buildings.It also conducts robustness tests from the perspective of subsidy amount and comparison with other green building policies,and analyzes the effect of subsidy policy system on different stars The heterogeneous impact of green building development in different locations is expected to more comprehensively examine the policy effect of China’s green building subsidy policy system.The main conclusions are as follows:First,at present,the development of all star level green buildings is relatively balanced.Residential buildings and public buildings are developing steadily and well,while industrial buildings are developing slowly.At the same time,the development of operational green building projects is lacking,and the development mode of emphasizing design over application is in urgent need of change.Second,China’s green buildings are mainly concentrated in the southeast coastal areas,and their development is characterized by inadequacy and imbalance.The level of urban green buildings is consistent with the level of urban administrative level and economic development,and has the trend of concentrated development in a certain region.Third,empirical research shows that the subsidy policy system has a significant role in promoting the development of green buildings in China.The counterfactual results show that the green building subsidy policy implemented by governments at all levels in China explains 53.9% of the actual growth in the number of green buildings between 2012 and 2015.In addition,there is a positive correlation between urban economic development level,real estate market environment and green building development,and there is a negative correlation between regional green consciousness.The constant coefficient indicates that the development of green buildings will stagnate or even regress in regions without relevant incentive policies,with insufficient development of real estate market,low economic level and insufficient green consciousness.Fourth,compared with the subsidy set for low star green buildings,the subsidy for high star green buildings in the policy system has significantly promoted the development of the industry;Compared with planning and development,management system,standards and other incentive green building policies,the subsidy policy system plays a more significant role in promoting the development of green buildings.Fifthly,China’s green building subsidy policy system has mainly boosted the development of high star green buildings,and has relatively little effect on low star green buildings,but the overall prosperity of the market has also driven the development of low star green buildings;The southern cities are more obviously affected by the subsidy policy system,and the degree of influence is also greater.The northern cities have limited promotion effect due to the absence of more provincial and municipal subsidies in the three-level subsidy system.The innovation and significance of this paper is to use the DID method to measure the impact of government incentive policies on the development of green buildings in China,build a three-level(country-province-city)green building subsidy system,comprehensively and scientifically evaluate the promotion effect of subsidy policies on the green building industry,enrich the domestic research field of green building development,and provide reference for the subsequent formulation of green building related policies.