Research On Baosteel's Green Innovation Under Carbon Emission Tradin

The 20 th National Congress of the Communist Party of China pointed out: Green water and green mountains are gold and silver mountains,and China must accelerate the green transformation of development mode and fundamentally alleviate the contradiction between economic development and environmental protection.China has introduced a series of environmental governance policies to restrict the behavior of enterprises to pollute the environment,and the carbon emission trading officially implemented in 2013 is an important measure to control environmental pollution,which has a significant impact on the production and operation of enterprises through the market to promote energy conservation,emission reduction and green development of enterprises.Under the constraint of carbon emissions,some enterprises that have produced and operated in the original extensive way will be eliminated,and enterprises will begin to carry out green innovation to promote their own energy consumption and improve resource efficiency.As one of the industries with high pollution and high energy consumption,China has clearly required the steel industry to carry out energy conservation and emission reduction actions.In order to explore the impact of carbon emissions trading on green innovation decision-making at the micro level,this thesis selects Baosteel,a leading enterprise in the steel industry,as a case study object,and green innovation as a research perspective,and explores the relationship and impact path between the two.On the one hand,it is helpful to explore the influencing factors of enterprises’ green innovation decisions from the policy exogenous variable of carbon emissions trading.On the other hand,it will help relevant government departments to promote the comprehensive layout of carbon emissions trading,reduce the cost of emission reduction for enterprises,and promote timely innovation of enterprises not included in carbon emission trading to obtain policy first-mover advantages.Based on the existing research and the specific situation of Baosteel,this thesis takes "the impact of carbon emission trading on enterprise green innovation" as the core research objective,and uses Porter hypothesis theory,externality theory,Coase theory and induced innovation theory to construct the impact path of carbon emission trading on enterprise green innovation.Firstly,the thesis analyzes the concrete results of the impact of carbon emission trading on Baosteel’s green innovation by case study,which mainly includes three parts:increase in R&D investment,increase in the number of patent applications and increase in environmental protection investment.Secondly,according to the specific situation of Baosteel,the logarithm of the number of patent applications is taken,and the OLS model is built with the data of Baosteel and the steel industry respectively to further test the relationship between carbon emission trading and green innovation.Finally,through the comparison between Baosteel and Liuzhou Iron And Steel Co.,Ltd before and after the inclusion of carbon emission trading,the realization path of carbon emission trading for enterprises’ green innovation is explored from the two aspects of green technology innovation investment and corporate social responsibility.Carbon emission trading does promote enterprises to carry out green innovation,which can be achieved by increasing investment in green technology innovation and increasing corporate social responsibility.This thesis draws the following enlightenment from the case of Baosteel: The government should increase the investment of green innovation subsidies to promote more enterprises to have the intention and motivation of innovation;Enterprises should take the initiative to understand the policy details and take the lead in green innovation,so as to gain the first-mover advantage and market competitiveness.