We experimentally investigate how the timing of, and commitment to, an environmental regulation affects efficient technology adoption under emission taxes and tradable permits. An environmental regulator can either commit ex-ante to a specific policy level or ex-post to a rule on how to adjust...

This study investigates the role of environmental, social, and governance (ESG) performance in reshaping the relationship between financial constraints and green innovation among Chinese listed firms from 2010 to 2023. We examine the double-edged sword hypothesis that financial constraints...

The escalating environmental crises have led to the emergence of strategic alliances as a pivotal open innovation mechanism driving circular transitions. This study pioneers an investigation by systematically examining how strategic alliances enhance the green total factor productivity (GTFP) of...

The target responsibility system of environmental protection, introduced during the 11th Five-Year Plan period, is a key feature of China's environmental regulation policy framework. Guided by the principle of high-quality development, this system addresses the challenge of incentivizing green...

This paper provides the first evidence from a developing-country setting on the long-term educational impacts of early-life exposure to a major environmental regulation. We study China's 1998 Two Control Zones policy and implement a difference-in-differences design comparing adjacent birth...

This study utilizes China's ratification of the Paris Agreement in 2016 as a quasi-natural experiment to examine the effects of environmental regulation on green innovation within listed companies, particularly focusing on the role of urban shrinkage. Results show that environmental regulation...

A substantial amount of literature investigates environmental regulations and their effect on competitiveness. This often leads to a comparison of the two competing hypotheses: the pollution haven hypothesis and the Porter hypothesis. The later suggests that environmental regulations can...

The empirical evidence for the so-called pollution haven hypothesis, which predicts that inter-country differences in environmental policy stringency will cause pollution-intensive production to relocate to countries with lax environmental standards, has traditionally been weak. However, in...

The accelerated industrial growth and economic expansion of Southeast Asian economies have intensified the concern related environmental issues and natural resource depletion. Amid these circumstances, the study finds an opportunity to investigate the key enabling factors that enhance natural...

The steel industry is a major contributor to global greenhouse gas (GHG) emissions, accounting for approximately 7% of worldwide emissions. As steelmakers in the EU invest heavily in decarbonisation, the success of these efforts hinges on the market's ability to differentiate and reward...

This study investigates the role of green energy, financial development, and environmental regulations in addressing pollution havens within high-income emerging economies. While these nations benefit from rapid industrialization, they simultaneously face significant environmental challenges due...

This paper analyzes compliance with emission regulations, focusing on investment in innovation and cheating as primary strategies. Firms prioritize developing a truly compliant technology but may activate a cheating device depending on the outcome of innovation, the monitoring system in place,...

When environmental regulations are unpopular, policymakers often attribute resistance to information frictions and poor communication. We test this idea in the context of a major climate policy: Germany’s Heating Law of 2023, which mandates the phase-out of fossil fuel heating. Through a...

Governments across the globe are implementing stricter environmental policies to combat climate change and promote sustainability. This study contributes to the growing literature exploring the influence of environmental policy on skill-biased employment across various occupations. Specifically,...

In this paper, we compare the economic and welfare implications of two carbon pricing policies, namely the European Cap and Trade (CaT) regime and the Chinese Tradeable Performance Standard (TPS). The former sets an economy-wide emissions target and forces firms to purchase sufficient...

Environmental regulations have been extensively studied in the context of advocating green development. As one of the most stringent laws in history, the new Environmental Protection Law (EPL) of 2015 has greatly affected the production and development of enterprises. In this context, and in the...

This paper explores the adoption of green production technology within the framework of Pakistan-China agricultural cooperation under the China-Pakistan Economic Corridor. The research focus is on how farmers' green values (FGVs) and energy use reduction (EUR) affect the adoption of green...

Beef is a "deforestation risk" commodity, and its production is environmentally challenging, given its exceptionally high carbon, water and land footprints. Europe is the world's third largest beef producer, following Brazil and the United States. Under European Union law, firms operating along...

Integration and synergy of environmental policies is crucial for maximizing carbon reduction effects. This study investigates the heterogeneous impact of environmental policy synergy on carbon neutrality using panel data from 30 Chinese provinces between 2003 and 2022 and employing generalized...