Work

New energy pilot policy, financial subsidies and green technology progress

Year: 2025

Type: article

Abstract: The effectiveness of new energy pilot policies in advancing regional green technology is crucial for the upgrading of Chinese enterprises and regional green transformation. This study analyzes data from 253 regions in China, covering the period from 2010 to 2022, to assess the impact of new energy pilot policies on regional green technology progress and its underlying mechanisms using a difference-in-differences model. The results indicate that these policies significantly contribute to regional green technology advancement, particularly by increasing the authorization of green invention patents. The analysis reveals that new energy pilot policies enhance green technology innovation through regional financial subsidies. Human capital and environmental pressure moderated the impact of new energy pilot policies on green technology progress. At the same time, human capital influences the mediating effect of fiscal subsidies and moderates the first half of the effect of fiscal subsidies. By examining the interplay between financial subsidies, human capital, and environmental pressure, this study offers new empirical evidences and insights for promoting regional green technology progress in China and provides valuable guidances for government policy implementation.

Source: International Journal of Hydrogen Energy

DOI: 10.1016/j.ijhydene.2025.01.406

Authors: Hui Wang, Huaping Sun

Institutions: Xiamen University, University of Technology Sydney, Xinjiang Institute of Engineering, University of Science and Technology Beijing

Language: English

Topic: Energy, Environment, Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Climate action, Affordable and clean energy

Open Access status: hybrid

Estimated APC paid: $3,730