Research On Green Innovation Performance Of Coal Enterprises Under Environmental Tax Policy

For the past four decades,China’s economic growth has been propelled by a development model of high investment,high consumption,and high pollution,all at the cost of the environment.To address the growing environmental issues,the state has implemented a series of environmental governance policies.On January 1,2018,China introduced an environmental protection tax to replace the "pollution discharge tax" in line with the principle of "shifting the tax burden".The coal industry,with its considerable carbon emissions,must embrace the notion of green and low-carbon growth and actively foster green innovation in the face of "Carbon Neutral ".The coal industry,a vital sector in the nation’s economic growth,necessitates an examination of the effect of green innovation on enterprise performance,especially as China increasingly focuses on reconciling economic growth and environmental preservation.This paper,based on the evidence,chooses China Coal Energy,a major player in China’s coal sector,as its research object and examines and evaluates the methods of green innovation under the environmental tax policy and the evaluation system formed by combining pertinent indicators.Firstly,through the longitudinal comparison of enterprises themselves and the horizontal comparison with the industry average,the motivation of green innovation in China Coal Energy is analyzed.Secondly,the means of green innovation of China Coal Energy under the environmental tax policy are further analyzed,and the preliminary indicators for evaluating its performance are summarized by combining qualitative and quantitative.Correlation analysis(PCA)was employed to further screen the indicators,and the DEA was then utilized to carry out a multi-dimensional performance evaluation and analysis of China Coal Energy’s green innovation from 2011 to 2021,in order to demonstrate the beneficial effect of green innovation on enterprise performance and existing issues with the environmental tax policy.This paper’s analysis leads to the conclusion that green technology innovation has the potential to boost profits and enhance innovation outcomes;however,there are also issues such as a low rate of conversion.redundancy of innovation investment and improvement of green management system;(2)Environmental regulations such as environmental protection taxes increase the relevant costs of enterprises while restricting them,prompting enterprises to base on green mining,clean utilization and efficient transformation of coal,carry out green innovation in multiple links within enterprises,improve corporate performance and reduce ecological pollution.