Ever since the initiation of the reform and opening up policy.China’s economy has developed rapidly,but in the past,our country has adopted an extensive economic development method,which has caused problems such as excessive consumption and severe environmental pollution of resources.This is not conducive to the sustainable development of China’s economy.China launched the "Green GDP" accounting project in 2004.This indicator also considers the factors of resources and the environment to measure the coordinated development of economic and environment.In addition,as the trend of global warming continues,at this moment,China takes the initiative to assume the responsibility of reducing greenhouse gases as a major country,proposes emission reduction targets and implements pilot carbon emission trading policies.On the basis of effectively controlling greenhouse gas emissions,China promotes high-quality development and high-level protection in a coordinated way,and establishes a sound economic system of green,low-carbon and circular development.We will ensure that we achieve the goal of peaking carbon and achieving carbon neutrality,and take our green development to a new level.This article is expected to start from the effect of the pilot policy of carbon emissions transaction transaction,explore its impact on the green economic efficiency of listed companies in pilot areas,and provide new content for the green transformation and development of enterprises.According to the research results of this article Sexual carbon transactions provide certain theoretical support and policy advices.First of all,this paper introduces the corresponding research background.Based on the research on the transaction mechanism and green economic efficiency of carbon emissions rights,on this basis,the method of analyzing the research on this article was analyzed by the method of mathematics.First of all.the non-expected SUPER-SBM model combines the threestage DEA method,thereby calculating the initial green economic efficiency of listed companies iii the first phase of pilot areas and non-pilot areas,and then use the SFA to return the enviromnent in the second stage to eliminate the environmental environment.Factors and random noise,obtained adjusted labor,capital,and energy investment.Finally,in the third stage,the labor,capital,and energy investment obtained after adjustment in the second stage can replace the original labor,capital,and energy investment.The output is still the original output.In Matlab.the non-expected SUPER-SBM model is used to calculate the green economic efficiency value of the actual external environment.Based on around 2014.my country’s carbon emission right transaction policy implemented in pilot areas of 7 provinces and cities has taken it as a quasi-natural experiment and adopted DID and PSM-DID to study the pilot policy of carbon emissions transaction.The impact of green economic efficiency.After that,heterogeneity analysis and stability test were performed.Finally,the intermediary variables are introduced according to the relevant theoretical foundation,and the conduction path of green technology innovation is inspected through the intermediary effect model.Based on the empirical results of this article,the conclusions are shown below:(1)After implementing the carbon emission transaction pilot policy,the green economic efficiency of listed companies in pilot areas has improved.(2)After the PSM-DID,the promotion of the green economic efficiency of listed companies in pilot areas has been futher improved.(3)For the heterogeneity of the enterprise,the implementation of the pilot policy Enterprises and listed companies in non-heavy pollution industries have a greater role in improving the efficiency of green economic efficiency.(4)The pilot policy of carbon emissions transaction can affect the green economic efficiency of enterprises through the path of green technology innovation. |