Cargando…
The Effect of Environmental Policy Uncertainty on Enterprises’ Pollution Emissions: Evidence from Chinese Industrial Enterprise
In response to the global call for emission reduction, China has assumed international responsibility for energy conservation and emission reduction by enacting several environmental policies to save energy and reduce consumption. However, it is debatable whether the increased uncertainty in environ...
Autores principales: | , , , |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
MDPI
2022
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9407744/ https://www.ncbi.nlm.nih.gov/pubmed/36011481 http://dx.doi.org/10.3390/ijerph19169849 |
_version_ | 1784774437747294208 |
---|---|
author | Le, Dong Ren, Fei Tang, Yiding Zhu, Yuke |
author_facet | Le, Dong Ren, Fei Tang, Yiding Zhu, Yuke |
author_sort | Le, Dong |
collection | PubMed |
description | In response to the global call for emission reduction, China has assumed international responsibility for energy conservation and emission reduction by enacting several environmental policies to save energy and reduce consumption. However, it is debatable whether the increased uncertainty in environmental policies negatively affects firms’ emission reduction. Few studies have examined this relationship based on micro-level data. Therefore, this study constructs a theoretical framework of environmental policy uncertainty affecting firms’ pollution emissions. Based on comprehensive data from the Chinese Industrial Enterprise Database, the Chinese Industrial Enterprise Pollution Emission Database, and the Chinese Patent Database from 2002 to 2014, we empirically analyzed the impact of environmental policy uncertainty on firms’ pollution emissions. The results show that (1) environmental policy uncertainty significantly aggravates the pollution emission intensity of industrial enterprises; (2) environmental policy uncertainty inhibits the improvement of enterprises’ innovation capacity, reduces their human capital stock and foreign investment, and aggravates their pollution emission; (3) environmental policy uncertainty has significant heterogeneity on enterprise pollution emissions, that is, environmental policy uncertainty has a greater impact on non-export enterprises, large enterprises, young enterprises, capital-intensive enterprises, state-owned enterprises, and enterprises in polluting industries and central regions. This study provides a useful reference for the improvement of environmental policy and the green transformation of enterprises. |
format | Online Article Text |
id | pubmed-9407744 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | MDPI |
record_format | MEDLINE/PubMed |
spelling | pubmed-94077442022-08-26 The Effect of Environmental Policy Uncertainty on Enterprises’ Pollution Emissions: Evidence from Chinese Industrial Enterprise Le, Dong Ren, Fei Tang, Yiding Zhu, Yuke Int J Environ Res Public Health Article In response to the global call for emission reduction, China has assumed international responsibility for energy conservation and emission reduction by enacting several environmental policies to save energy and reduce consumption. However, it is debatable whether the increased uncertainty in environmental policies negatively affects firms’ emission reduction. Few studies have examined this relationship based on micro-level data. Therefore, this study constructs a theoretical framework of environmental policy uncertainty affecting firms’ pollution emissions. Based on comprehensive data from the Chinese Industrial Enterprise Database, the Chinese Industrial Enterprise Pollution Emission Database, and the Chinese Patent Database from 2002 to 2014, we empirically analyzed the impact of environmental policy uncertainty on firms’ pollution emissions. The results show that (1) environmental policy uncertainty significantly aggravates the pollution emission intensity of industrial enterprises; (2) environmental policy uncertainty inhibits the improvement of enterprises’ innovation capacity, reduces their human capital stock and foreign investment, and aggravates their pollution emission; (3) environmental policy uncertainty has significant heterogeneity on enterprise pollution emissions, that is, environmental policy uncertainty has a greater impact on non-export enterprises, large enterprises, young enterprises, capital-intensive enterprises, state-owned enterprises, and enterprises in polluting industries and central regions. This study provides a useful reference for the improvement of environmental policy and the green transformation of enterprises. MDPI 2022-08-10 /pmc/articles/PMC9407744/ /pubmed/36011481 http://dx.doi.org/10.3390/ijerph19169849 Text en © 2022 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). |
spellingShingle | Article Le, Dong Ren, Fei Tang, Yiding Zhu, Yuke The Effect of Environmental Policy Uncertainty on Enterprises’ Pollution Emissions: Evidence from Chinese Industrial Enterprise |
title | The Effect of Environmental Policy Uncertainty on Enterprises’ Pollution Emissions: Evidence from Chinese Industrial Enterprise |
title_full | The Effect of Environmental Policy Uncertainty on Enterprises’ Pollution Emissions: Evidence from Chinese Industrial Enterprise |
title_fullStr | The Effect of Environmental Policy Uncertainty on Enterprises’ Pollution Emissions: Evidence from Chinese Industrial Enterprise |
title_full_unstemmed | The Effect of Environmental Policy Uncertainty on Enterprises’ Pollution Emissions: Evidence from Chinese Industrial Enterprise |
title_short | The Effect of Environmental Policy Uncertainty on Enterprises’ Pollution Emissions: Evidence from Chinese Industrial Enterprise |
title_sort | effect of environmental policy uncertainty on enterprises’ pollution emissions: evidence from chinese industrial enterprise |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9407744/ https://www.ncbi.nlm.nih.gov/pubmed/36011481 http://dx.doi.org/10.3390/ijerph19169849 |
work_keys_str_mv | AT ledong theeffectofenvironmentalpolicyuncertaintyonenterprisespollutionemissionsevidencefromchineseindustrialenterprise AT renfei theeffectofenvironmentalpolicyuncertaintyonenterprisespollutionemissionsevidencefromchineseindustrialenterprise AT tangyiding theeffectofenvironmentalpolicyuncertaintyonenterprisespollutionemissionsevidencefromchineseindustrialenterprise AT zhuyuke theeffectofenvironmentalpolicyuncertaintyonenterprisespollutionemissionsevidencefromchineseindustrialenterprise AT ledong effectofenvironmentalpolicyuncertaintyonenterprisespollutionemissionsevidencefromchineseindustrialenterprise AT renfei effectofenvironmentalpolicyuncertaintyonenterprisespollutionemissionsevidencefromchineseindustrialenterprise AT tangyiding effectofenvironmentalpolicyuncertaintyonenterprisespollutionemissionsevidencefromchineseindustrialenterprise AT zhuyuke effectofenvironmentalpolicyuncertaintyonenterprisespollutionemissionsevidencefromchineseindustrialenterprise |