Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)

<Previous Article In Volume
Next Article In Volume>

The Effect and Mechanism of New Energy Demonstration City Policy on Corporate Green Technology Innovation in China

Authors
Chenxi Wang1, *
1School of International Trade and Economics, University of International Business and Economics, Beijing, 100029, China
*Corresponding author. Email: 202201028@uibe.edu.cn
Corresponding Author
Chenxi Wang
Available Online 14 August 2025.
DOI
10.2991/978-94-6463-811-0_13How to use a DOI?
Keywords
New Energy Demonstration City Policy (NEDCP); corporate green technological innovation (GTI); DID model
Abstract

With the growing environmental challenges worldwide, nations are implementing policies to help adopt new energy technologies and develop green technologies. China’s New Energy Demonstration City Policy (NEDCP) has demonstrated notable effectiveness in achieving its dual objectives of energy structure optimization and fostering green development. This study uses a dual differential model (DID) to analyze a comprehensive sample of China’s A-share listed companies (2008–2023) in order to examine the effects of NEDCP on corporate green technological innovation (GTI) and its fundamental mechanisms. The results show that NEDCP significantly enhances corporate GTI, with this effect remaining robust across multiple robustness tests, including parallel trend analyses and placebo tests. Mechanism analysis reveals that NEDCP promotes corporate GTI by increasing green subsidies from municipal governments in pilot cities. According to heterogeneity testing, the policy has a greater impact on GTI in small businesses, the manufacturing sector, and the central area of China. These results suggest that strategic expansion of NEDCP pilot cities could accelerate the nationwide promotion of new energy, thereby fostering corporate GTI and supporting the achievement of China’s “dual carbon” targets.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
14 August 2025
ISBN
978-94-6463-811-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-811-0_13How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Chenxi Wang
PY  - 2025
DA  - 2025/08/14
TI  - The Effect and Mechanism of New Energy Demonstration City Policy on Corporate Green Technology Innovation in China
BT  - Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)
PB  - Atlantis Press
SP  - 124
EP  - 138
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-811-0_13
DO  - 10.2991/978-94-6463-811-0_13
ID  - Wang2025
ER  -