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Economic level, environmental regulation, and new energy industry development

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Abstract

Using panel data of 30 provinces and new energy (NE)-listed enterprises in China from 2011 to 2020, this paper uses basic model to research the impact of various environmental policies in China on NE industry development firstly. Then, using economic level as a threshold variable, a threshold model was constructed to research the impact of economic level on the relationship between environmental regulation and NE industry development. The research results show that firstly, various environmental policies in China have significantly promoted the development of the NE industry. This is mainly manifested in two aspects. One is environmental regulations significantly increased the NE industry output value and profit, the other is environmental regulations enhanced the NE industry growth potential. Secondly, the regional economic level has a significant impact on the relationship between environmental regulations and NE industry development. The promotion effect of environmental regulations on NE industry development depends on the regional economic level. When the regional economic level exceeds the threshold, the promoting effect of environmental regulations on NE industry development significantly increases. The reason is that a weak economic foundation will affect investment in the NE industry. Insufficient capital investment will inevitably seriously hinder the development of the NE industry. Thirdly, residents’ education status, financial support, and NE industry agglomeration degree have a positive impact on the development of the NE industry, while population size has no significant impact on NE industry development.

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Acknowledgements

The authors would like to thank Shanxi Academy of Social Sciences of China for providing funding. This work was supported by the Shanxi National Social Science Foundation of China.

Funding

This work has received funding from the general project of Shanxi province social science foundation of China: “Research on strategies for promoting the development of Shanxi’s Specialized, Refined, and New enterprises” (approval number: 0404). The authors thank the Shanxi Academy of Social Sciences for this study support.

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Authors and Affiliations

  1. Department of Economics and Management, Taiyuan Institute of Technology, Taiyuan, Shanxi, 030002, China

    Xiaohong Xiang & Wenting Wang

  2. College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, Jiangsu, 211106, China

    Wenting Wang

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  1. Xiaohong Xiang
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Contributions

This paper is a collaborative study by two authors. This paper was designed, tested, and written by Xiaohong Xiang. Wenting Wang participated in the research data collection and analysis, as well as the translation and revision of the paper. Authors are ranked by contribution. Therefore, there is no conflict of interest with any individual or organization. Other references have been noted and confirmed in this paper.

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Correspondence to Xiaohong Xiang.

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Xiang, X., Wang, W. Economic level, environmental regulation, and new energy industry development. Environ Sci Pollut Res 31, 22814–22829 (2024). https://doi.org/10.1007/s11356-024-32610-9

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