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Technological Innovation Efficiency of Listed Carbon Capture Companies in China: Based on the Dual Dimensions of Legal Policy and Technology

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  • Xiaofeng Xu

    (International School of Law and Finance, East China University of Political Science and Law, Shanghai 200042, China
    Legal Research Center of Optimizing Doing Business Environment, East China University of Political Science and Law, Shanghai 200042, China
    Center of Green Finance and Energy Development, East China University of Political Science and Law, Shanghai 200042, China)

  • Dongdong He

    (International School of Law and Finance, East China University of Political Science and Law, Shanghai 200042, China
    Legal Research Center of Optimizing Doing Business Environment, East China University of Political Science and Law, Shanghai 200042, China)

  • Tao Wang

    (College of Environmental Science and Engineering, Tongji University, Shanghai 200092, China
    UNEP-Tongji Institute of Environment for Sustainable Development, Tongji University, Shanghai 200092, China)

  • Xiangyu Chen

    (International School of Law and Finance, East China University of Political Science and Law, Shanghai 200042, China
    Legal Research Center of Optimizing Doing Business Environment, East China University of Political Science and Law, Shanghai 200042, China)

  • Yichen Zhou

    (Faculty of Civil Engineering, RWTH Aachen University, 52074 Aachen, Germany
    TUV Rheinland (Shanghai) Co., Ltd., Shanghai 200072, China)

Abstract

To achieve carbon neutrality and improve emission reduction efficiency, capturing carbon dioxide from the air on a large scale and promoting the application and innovation of carbon capture technology (CCUS) are the most important goals. This study undertakes an annual and comprehensive evaluation of the policy and the technological innovation efficiency (TIE) of 10 listed companies in China using the DEA model and the Malmquist index analysis method. The number of relevant laws and policies is significant, but they are not well coordinated. The static evaluation results indicate that the complete factor production rate is low, generally lower than 0.9, and the technical innovation efficiency is weak, mainly because of technological backwardness. The dynamic evaluation results indicate that the changes in total factor productivity (TFP) each year are primarily affected by changes in technological progress. This suggests that most domestic enterprises are still exploring technological innovation (TI) and operational business models. Finally, this study proposes measures to improve the TIE of carbon capture technology enterprises in China, including giving full play to the role of the government, expanding effective investment, and improving innovational ability.

Suggested Citation

  • Xiaofeng Xu & Dongdong He & Tao Wang & Xiangyu Chen & Yichen Zhou, 2023. "Technological Innovation Efficiency of Listed Carbon Capture Companies in China: Based on the Dual Dimensions of Legal Policy and Technology," Energies, MDPI, vol. 16(3), pages 1-16, January.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:3:p:1118-:d:1041304
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    References listed on IDEAS

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