Impact of Corporate Green Innovation on Carbon Emission Efficiency based on Carbon Emission Policies

The issue of climate warming, resulting from elevated carbon emissions, has emerged as a crucial concern for the survival and progress of humanity. Achieving the "dual-carbon" objective necessitates the utilization of technological advancements. This study aims to theoretically investigate the mechanisms through which green technological innovation influences firms' carbon emissions, focusing on the perspectives of industrial restructuring and reducing carbon emission intensity. This research intends to employ the SBM model using provincial panel data spanning from 2017 to 2022, focusing on the regional level in China. Additionally, this study examines the temporal and spatial changes of the variable under investigation and employs the two-way fixed effect model for conducting econometric research. This paper uses the methods of literature analysis, principal component analysis, regression analysis, heterogeneity analysis, and benchmark regression analysis to deeply analyze the development status of green technological innovation in the classification of resource-based cities and low-carbon development demonstration cities in China and to identify the existing problems. The research findings indicate that implementing significant green technology advances can result in a notable increase in the carbon emissions of organizations. Even with this, the impact on strategic green technology developments is not statistically significant in many rigorous tests, including altering explanatory factors, using shorter periods, and doing tail-shrinking tests. Additionally, the presence of heterogeneity is taken into account. The impact above plays a crucial part in the economic development of our nation. The empirical analysis reveals that the process of enhancing carbon emission reduction efficiency in China is significantly influenced by upgrading industrial structure and reducing carbon emission intensity. Building upon this finding, policy recommendations are proposed to guide China in implementing green technological innovation.