IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i23p13450-d695434.html
   My bibliography  Save this article

Impact of Green Innovation Efficiency on Carbon Emission Reduction in the Guangdong-Hong Kong-Macao GBA

Author

Listed:
  • Lingming Chen

    (School of Business, Hunan University of Science and Technology (HNUST), Xiangtan 411201, China
    School of Economics and Management, Xinyu University (XYU), Xinyu 338004, China)

  • Congjia Huo

    (School of Business, Hunan University of Science and Technology (HNUST), Xiangtan 411201, China)

Abstract

Climate change has become a global issue of general concern to human society. It is not only an environmental issue, but also a development issue. As the second largest economy in the world, China has adhered to its commitments in the Paris Agreement and formulated a series of autonomous action targets. In this context, scholars have done a lot of research focusing on carbon emission reduction, but have neglected the spatial correlation of carbon emission, and lack of research on carbon emission reduction in urban agglomerations. The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has been at the forefront of China in terms of economy, politics, ecology, and civilization by taking advantage of the “one country, two systems” policy. This article innovatively proposes that there is a non-linear relationship between the efficiency of green innovation and the carbon emission intensity of the Guangdong-Hong Kong-Macao GBA, and has passed quantitative verification. Based on the panel data of the Guangdong-Hong Kong-Macao GBA from 2009 to 2019, we used the super-efficiency slacks-based measure (SBM) model to measure the efficiency of green innovation. We used the global Moran index and Theil index to discuss the spatial correlation of carbon emissions and regional differences in carbon emission intensity in the Guangdong-Hong Kong-Macao GBA, respectively. Then, we used the threshold model to verify the nonlinear relationship between the efficiency of green innovation and the intensity of carbon emissions in the Guangdong-Hong Kong-Macao GBA. The results of the study found that the green innovation efficiency of the Guangdong-Hong Kong-Macao GBA is increasing overall, carbon emissions have a certain spatial correlation, and the correlation is low overall. The impact of green innovation efficiency on carbon emission intensity has a non-linear relationship and there is an “inverted U” pattern between the two, and there is an inflection point in green innovation efficiency. Based on this, this article proposes carbon emission reduction measures within a reasonable range, and looks forward to future research directions and complement the research deficiencies.

Suggested Citation

  • Lingming Chen & Congjia Huo, 2021. "Impact of Green Innovation Efficiency on Carbon Emission Reduction in the Guangdong-Hong Kong-Macao GBA," Sustainability, MDPI, vol. 13(23), pages 1-22, December.
  • Handle: RePEc:gam:jsusta:v:13:y:2021:i:23:p:13450-:d:695434
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/23/13450/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/13/23/13450/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Azomahou, Theophile & Laisney, Francois & Nguyen Van, Phu, 2006. "Economic development and CO2 emissions: A nonparametric panel approach," Journal of Public Economics, Elsevier, vol. 90(6-7), pages 1347-1363, August.
    2. van der Zwaan, B. C. C. & Gerlagh, R. & G. & Klaassen & Schrattenholzer, L., 2002. "Endogenous technological change in climate change modelling," Energy Economics, Elsevier, vol. 24(1), pages 1-19, January.
    3. Hansen, Bruce E., 1999. "Threshold effects in non-dynamic panels: Estimation, testing, and inference," Journal of Econometrics, Elsevier, vol. 93(2), pages 345-368, December.
    4. Ambec, Stefan & Barla, Philippe, 2002. "A theoretical foundation of the Porter hypothesis," Economics Letters, Elsevier, vol. 75(3), pages 355-360, May.
    5. Park, Se-Hark, 1992. "Decomposition of industrial energy consumption : An alternative method," Energy Economics, Elsevier, vol. 14(4), pages 265-270, October.
    6. Tone, Kaoru, 2002. "A slacks-based measure of super-efficiency in data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 143(1), pages 32-41, November.
    7. Ang, B.W & Zhang, F.Q & Choi, Ki-Hong, 1998. "Factorizing changes in energy and environmental indicators through decomposition," Energy, Elsevier, vol. 23(6), pages 489-495.
    8. Chen, Zhongfei & Zhang, Xiao & Chen, Fanglin, 2021. "Do carbon emission trading schemes stimulate green innovation in enterprises? Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    9. Musolesi Antonio & Mazzanti Massimiliano, 2014. "Nonlinearity, heterogeneity and unobserved effects in the carbon dioxide emissions-economic development relation for advanced countries," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 18(5), pages 521-541, December.
    10. He, Weijun & Wang, Bo & Danish, & Wang, Zhaohua, 2018. "Will regional economic integration influence carbon dioxide marginal abatement costs? Evidence from Chinese panel data," Energy Economics, Elsevier, vol. 74(C), pages 263-274.
    11. Yu-Shan Chen & Shyh-Bao Lai & Chao-Tung Wen, 2006. "The Influence of Green Innovation Performance on Corporate Advantage in Taiwan," Journal of Business Ethics, Springer, vol. 67(4), pages 331-339, September.
    12. Lingming Chen & Wenzhong Ye & Congjia Huo & Kieran James, 2020. "Environmental Regulations, the Industrial Structure, and High-Quality Regional Economic Development: Evidence from China," Land, MDPI, vol. 9(12), pages 1-22, December.
    13. Baoliu Liu & Zhenqing Sun & Huanhuan Li, 2021. "Can Carbon Trading Policies Promote Regional Green Innovation Efficiency? Empirical Data from Pilot Regions in China," Sustainability, MDPI, vol. 13(5), pages 1-15, March.
    14. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
    15. Jianchang Lu & Weiguo Fan & Ming Meng, 2015. "Empirical Research on China’s Carbon Productivity Decomposition Model Based on Multi-Dimensional Factors," Energies, MDPI, vol. 8(4), pages 1-25, April.
    16. Rajiv D. Banker & Richard C. Morey, 1986. "Efficiency Analysis for Exogenously Fixed Inputs and Outputs," Operations Research, INFORMS, vol. 34(4), pages 513-521, August.
    17. Tetsuya Tsurumi & Shunsuke Managi, 2010. "Decomposition of the environmental Kuznets curve: scale, technique, and composition effects," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 11(1), pages 19-36, February.
    18. Boyd, Gale A. & Hanson, Donald A. & Sterner, Thomas, 1988. "Decomposition of changes in energy intensity : A comparison of the Divisia index and other methods," Energy Economics, Elsevier, vol. 10(4), pages 309-312, October.
    19. Vanessa Oltra & Maïder Saint Jean, 2009. "Sectoral systems of environmental innovation: an application to the French automotive industry," Post-Print hal-00274413, HAL.
    20. Apergis, Nicholas & Eleftheriou, Sofia & Payne, James E., 2013. "The relationship between international financial reporting standards, carbon emissions, and R&D expenditures: Evidence from European manufacturing firms," Ecological Economics, Elsevier, vol. 88(C), pages 57-66.
    21. Kumar, Surender & Managi, Shunsuke, 2009. "Energy price-induced and exogenous technological change: Assessing the economic and environmental outcomes," Resource and Energy Economics, Elsevier, vol. 31(4), pages 334-353, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Xiaoxue Liu & Fuzhen Cao & Shuangshuang Fan, 2022. "Does Human Capital Matter for China’s Green Growth?—Examination Based on Econometric Model and Machine Learning Methods," IJERPH, MDPI, vol. 19(18), pages 1-27, September.
    2. Congjia Huo & Lingming Chen, 2022. "The Impact of the Income Gap on Carbon Emissions: Evidence from China," Energies, MDPI, vol. 15(10), pages 1-22, May.
    3. Jing Liang & Lingying Pan, 2023. "Effect of Scale and Structure Changes of China’s High-Carbon Industries on Regional Carbon Emissions," Energies, MDPI, vol. 16(18), pages 1-17, September.
    4. Qingzhi Huan & Yiwen Chen & Xincong Huan, 2022. "A Frugal Eco-Innovation Policy? Ecological Poverty Alleviation in Contemporary China from a Perspective of Eco-Civilization Progress," Sustainability, MDPI, vol. 14(8), pages 1-16, April.
    5. Naqvi, Bushra & Rizvi, Syed Kumail Abbas & Mirza, Nawazish & Umar, Muhammad, 2023. "Financial market development: A potentiating policy choice for the green transition in G7 economies," International Review of Financial Analysis, Elsevier, vol. 87(C).
    6. Weisong Mi & Kaixu Zhao & Pei Zhang, 2022. "Spatio-Temporal Evolution and Driving Mechanism of Green Innovation in China," Sustainability, MDPI, vol. 14(9), pages 1-27, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hongxu Guo & Zihan Xie & Rong Wu, 2021. "Evaluating Green Innovation Efficiency and Its Socioeconomic Factors Using a Slack-Based Measure with Environmental Undesirable Outputs," IJERPH, MDPI, vol. 18(24), pages 1-20, December.
    2. Fan Wang & Lili Feng & Jin Li & Lin Wang, 2020. "Environmental Regulation, Tenure Length of Officials, and Green Innovation of Enterprises," IJERPH, MDPI, vol. 17(7), pages 1-16, March.
    3. Ang, B. W., 2004. "Decomposition analysis for policymaking in energy:: which is the preferred method?," Energy Policy, Elsevier, vol. 32(9), pages 1131-1139, June.
    4. Fernández González, P. & Landajo, M. & Presno, M.J., 2014. "Tracking European Union CO2 emissions through LMDI (logarithmic-mean Divisia index) decomposition. The activity revaluation approach," Energy, Elsevier, vol. 73(C), pages 741-750.
    5. Jeong, Kyonghwa & Kim, Suyi, 2013. "LMDI decomposition analysis of greenhouse gas emissions in the Korean manufacturing sector," Energy Policy, Elsevier, vol. 62(C), pages 1245-1253.
    6. Susaeta, Andres & Gutiérrez, Ester & Lozano, Sebastián, 2023. "Profit-efficiency analysis of forest ecosystem services in the southeastern US," Ecosystem Services, Elsevier, vol. 64(C).
    7. Yu-Hong Cao & Jian-Xin You & Hu-Chen Liu, 2017. "Optimal Environmental Regulation Intensity of Manufacturing Technology Innovation in View of Pollution Heterogeneity," Sustainability, MDPI, vol. 9(7), pages 1-14, July.
    8. Ang, B.W. & Zhang, F.Q., 2000. "A survey of index decomposition analysis in energy and environmental studies," Energy, Elsevier, vol. 25(12), pages 1149-1176.
    9. U D Kumar & A B Roy & H Saranga & K Singal, 2010. "Analysis of hedge fund strategies using slack-based DEA models," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(12), pages 1746-1760, December.
    10. Mai, Nhat Chi, 2015. "Efficiency of the banking system in Vietnam under financial liberalization," OSF Preprints qsf6d, Center for Open Science.
    11. Ang, B.W. & Huang, H.C. & Mu, A.R., 2009. "Properties and linkages of some index decomposition analysis methods," Energy Policy, Elsevier, vol. 37(11), pages 4624-4632, November.
    12. Rafael Benítez & Vicente Coll-Serrano & Vicente J. Bolós, 2021. "deaR-Shiny: An Interactive Web App for Data Envelopment Analysis," Sustainability, MDPI, vol. 13(12), pages 1-19, June.
    13. Mushtaq Taleb & Ruzelan Khalid & Ali Emrouznejad & Razamin Ramli, 2023. "Environmental efficiency under weak disposability: an improved super efficiency data envelopment analysis model with application for assessment of port operations considering NetZero," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(7), pages 6627-6656, July.
    14. Tifang Ye & Hao Zheng & Xiangyu Ge & Keling Yang, 2021. "Pathway of Green Development of Yangtze River Economics Belt from the Perspective of Green Technological Innovation and Environmental Regulation," IJERPH, MDPI, vol. 18(19), pages 1-26, October.
    15. Guimei Wang & Muhammad Salman, 2023. "The impacts of heterogeneous environmental regulations on green economic efficiency from the perspective of urbanization: a dynamic threshold analysis," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 9485-9516, September.
    16. Sheng Xu & Wenran Pan & Demei Wen, 2023. "Do Carbon Emission Trading Schemes Promote the Green Transition of Enterprises? Evidence from China," Sustainability, MDPI, vol. 15(8), pages 1-28, April.
    17. Xiaoyan Li & Yaxin Tan & Kang Tian, 2022. "The Impact of Environmental Regulation, Industrial Structure, and Interaction on the High-Quality Development Efficiency of the Yellow River Basin in China from the Perspective of the Threshold Effect," IJERPH, MDPI, vol. 19(22), pages 1-15, November.
    18. Ren, Shenggang & Fu, Xiang & Chen, XiaoHong, 2012. "Regional variation of energy-related industrial CO2 emissions mitigation in China," China Economic Review, Elsevier, vol. 23(4), pages 1134-1145.
    19. Liu, Junming & Tone, Kaoru, 2008. "A multistage method to measure efficiency and its application to Japanese banking industry," Socio-Economic Planning Sciences, Elsevier, vol. 42(2), pages 75-91, June.
    20. Bingqing Li & Zhanqi Wang & Feng Xu, 2022. "Does Optimization of Industrial Structure Improve Green Efficiency of Industrial Land Use in China?," IJERPH, MDPI, vol. 19(15), pages 1-18, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:23:p:13450-:d:695434. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.