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The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target
Based on mainland China’s provincial OFDI and carbon emissions data from 2003 to 2018, this paper applied a panel fixed-effects model and spatial econometric model to empirically test whether China’s OFDI can be a powerful tool to achieve the “carbon neutrality” target. The empirical results indicat...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer Berlin Heidelberg
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9247919/ https://www.ncbi.nlm.nih.gov/pubmed/35776306 http://dx.doi.org/10.1007/s11356-022-21712-x |
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author | Zhang, Zong-bin Dong, Wan-yi Tang, Zi-yu |
author_facet | Zhang, Zong-bin Dong, Wan-yi Tang, Zi-yu |
author_sort | Zhang, Zong-bin |
collection | PubMed |
description | Based on mainland China’s provincial OFDI and carbon emissions data from 2003 to 2018, this paper applied a panel fixed-effects model and spatial econometric model to empirically test whether China’s OFDI can be a powerful tool to achieve the “carbon neutrality” target. The empirical results indicate that China’s OFDI significantly increases carbon emissions, but this effect has temporal and spatial differences. After incorporating spatial factors into the analysis, the impact of OFDI on carbon emissions differs when modelled by different spatial weight matrices. The green effect of OFDI has the problem of poor channels. It is impossible to achieve energy savings and emission reduction by promoting green technology innovation, improving the rationalization of the industrial structure or reducing energy consumption. The test results of the moderating effect indicate that the development of green finance can weaken the positive effect of OFDI on emissions. |
format | Online Article Text |
id | pubmed-9247919 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Springer Berlin Heidelberg |
record_format | MEDLINE/PubMed |
spelling | pubmed-92479192022-07-01 The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target Zhang, Zong-bin Dong, Wan-yi Tang, Zi-yu Environ Sci Pollut Res Int Research Article Based on mainland China’s provincial OFDI and carbon emissions data from 2003 to 2018, this paper applied a panel fixed-effects model and spatial econometric model to empirically test whether China’s OFDI can be a powerful tool to achieve the “carbon neutrality” target. The empirical results indicate that China’s OFDI significantly increases carbon emissions, but this effect has temporal and spatial differences. After incorporating spatial factors into the analysis, the impact of OFDI on carbon emissions differs when modelled by different spatial weight matrices. The green effect of OFDI has the problem of poor channels. It is impossible to achieve energy savings and emission reduction by promoting green technology innovation, improving the rationalization of the industrial structure or reducing energy consumption. The test results of the moderating effect indicate that the development of green finance can weaken the positive effect of OFDI on emissions. Springer Berlin Heidelberg 2022-07-01 2022 /pmc/articles/PMC9247919/ /pubmed/35776306 http://dx.doi.org/10.1007/s11356-022-21712-x Text en © The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature 2022 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Research Article Zhang, Zong-bin Dong, Wan-yi Tang, Zi-yu The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target |
title | The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target |
title_full | The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target |
title_fullStr | The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target |
title_full_unstemmed | The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target |
title_short | The carbon reduction effect of China’s outward foreign direct investment for carbon neutrality target |
title_sort | carbon reduction effect of china’s outward foreign direct investment for carbon neutrality target |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9247919/ https://www.ncbi.nlm.nih.gov/pubmed/35776306 http://dx.doi.org/10.1007/s11356-022-21712-x |
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