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Given the increasing threat of economic downturns and global warming, the governments of developing countries urgently need effective measures that can both stimulate economic development and promote low-carbon transitions. As a widely accepted method for stimulating economic growth, the improvement of the business environment and its effect on economic activity have been fully discussed. However, little is known about whether and how the business environment affects the low-carbon transition. By leveraging city-level data from China, this paper exploits whether and through which channels a favorable business environment promotes a low-carbon transition. We find that improving the business environment has a positive impact on carbon efficiency. This relationship is verified to be robust through various alternative tests. Additionally, it is demonstrated that enhancing the business environment can increase carbon efficiency by promoting green technology progress and stimulating new firm entry. Heterogeneity analysis indicates that the positive effect of the business environment is pronounced for cities with intensive environmental regulation, sufficient environmentally targeted fiscal expenditure, and loose economic growth requirements. This paper reveals the unintentional environmental gains of business environment optimization and provides important insights into the low-carbon transition for developing economies. • We measure the indexes of the business environment and the carbon efficiency. • We examine the impact of the business environment on carbon efficiency. • The improvement of the business environment has a positive impact on carbon efficiency. • The business environment can improve carbon efficiency by promoting green technology progress and stimulating new firm entry. • The government plays a crucial role in business environment's effect on carbon efficiency. [ABSTRACT FROM AUTHOR]

Green innovation is important and beneficial for the green development of enterprises. The development of digital technology could improve the asymmetry of information and affect the enterprise's financing modes. Currently, a definitive conclusion about the relationship between the digital transformation and green technology innovation has not reached. Additionally, studies have not yet fully explored the impact pathways of corporate digital transformation on green innovation through corporate financing modes. To fill this void, this study collected data of Chinese A-share listed companies from 2010 to 2020. The empirical analysis results showed that digital transformation significantly enhanced enterprises' green innovation abilities. Furthermore, mediating models were utilized to explore how enterprise financing modes mediate the impact of digital transformation on the enterprise green innovation. Results indicated that through internal financing and bank loans as "bridges", digital transformation promoted enterprise green innovation. However, digital transformation did not have a significant impact on enterprise green innovation through venture capital. Moreover, heterogeneity analyses revealed significant differences among different groups of enterprises. This study expands the research field related to digital transformation and enterprise green innovation by providing empirical evidence to uncover the impact of digital transformation on enterprise green innovation. Findings of this study contribute not only to enterprise managerial decision-makers to better leverage digital transformation through corporate financing to accelerate green innovation, but also to government policymakers to design policies to stimulate enterprise green innovation. • Firstly, our paper empirically examines and validates the impact of digital transformation on enterprise green innovation again by using empirical data of biggest development counties, i.e., China. • Secondly, our paper combines enterprise digital transformation, financing modes, and green innovation within the same framework to study the "bridge" role of financing modes between digital transformation and enterprise green innovation. • Thirdly, Thirdly, heterogeneity analyses were carried out, the results of the different enterprises groups are significant different. [ABSTRACT FROM AUTHOR]

"Carbon peaking and carbon neutralization" is an important measure to promote China's ecological and environmental protection and high-quality economic development, and the innovation and application of green technology are critical factors in achieving the "double carbon" goal. Based on the number of citations of green patents of listed enterprises in 30 provinces in China from 2011 to 2020, this paper uses GGDP to replace traditional GDP and calculate carbon emission intensity. Based on the relevant panel data at the provincial level, this paper constructs a spatial Durbin model to analyze the impact mechanism of whether the promotion and application of green technologies promote regional carbon emission reduction. The specific research results are as follows: (1) Through regression of the core explanatory variables with a one-stage lag, it is verified that the promotion and application of green technology has a significant positive promoting effect on regional carbon emission reduction, and there are significant spatial spillover effects and "learning by doing" effects. (2) In the part of heterogeneity test, the impact of green technology promotion and application on carbon emission reduction presents apparent regional heterogeneity and factor endowment heterogeneity. (3) The mediating effect test verifies the mediating effect of energy structure and industrial structure on the influence of green technology promotion and application on regional carbon emission reduction. (4) In the part moderating effect test, it is verified that marketization level and new infrastructure construction have a positive moderating effect in their influencing process, financial development, and government support will weaken the influence of green technology promotion and application on carbon emission reduction effect, and human capital level has a nonlinear regulating effect. The research conclusions of this paper provide necessary enlightenment for the coordination and unification of China's economic transition to innovation-driven and green and low-carbon development. • The impact of GTPA on reduction in China was analyzed from a macro perspective. • The GS and FDL plays a negative moderating role in the influence process. • The HCL plays a nonlinear moderating role in the influence process. • The GTPA can significantly reduce regional CEI except in Western China. • Regions with high EDL and high GTI have better carbon reduction effects of GTPA. [ABSTRACT FROM AUTHOR]

Enhancing the green economy efficiency (GEE) is crucial for building a sustainable economy. How can the rapidly advancing digital transformation contribute to this process? The paper empirically examines the direct and spatial spillover effects of digital transformation on cities' GEE in China. This study utilizes the National E-commerce Pilot City (NEPC) policy as a quasi-natural experiment of regional digital transformation and employs the staggered difference-in-differences (DID) method with heterogeneous effects. The findings reveal that (i) implementing the NEPC policy significantly increases urban GEE by 2.6%, corresponding to a 16% increase in the mean of GEE. This effect is particularly pronounced in non-resource-based cities and cities with high Internet penetration. (ii) The mechanism test shows that the pilot policy positively affects GEE by promoting green structural transformation, enhancing green innovation, and strengthening public environmental concerns. (iii) The study highlights a positive spatial spillover effect of the NEPC policy on the GEE of nonpilot cities. (iv) The adoption of the NEPC plays a pivotal role in advancing energy use and carbon emission efficiency. This paper expands the existing knowledge on the green development effects of the digital economy while offering valuable policy insights for building an "Inclusive Green Economy". [Display omitted] • The staggered differences-in-differences method is employed to examine the direct and spatial spillover effects of NEPC on cities' GEE in China. • This paper uses NEPC as a quasi-experiment for digital transformation. • NEPC significantly improves green economic efficiency by 2.6%. • Green structural transformation, innovation, and environmental concerns are main channels. • Positive spillover effect of NEPC on green economy efficiency in non-pilot cities. [ABSTRACT FROM AUTHOR]

The integration of digital technology and industrial technology emerges as a pivotal avenue for enterprises to attain Sustainable Development Goals (SDGs), promoting the transition towards a sustainable and green trajectory of development. The panel data utilized in this paper encompasses financial, operational, and carbon emission metrics of publicly listed companies in China from 2008 to 2019. This longitudinal dataset enables us to perform robust statistical analyses to evaluate the impacts of Digital-Industrial technology integration on carbon emission intensity over time. The results indicate that: (i) Digital-Industrial technology integration significantly reduces the carbon emission intensity of enterprises, the conclusion remains robust when subjected to endogeneity and sensitivity analyses. (ii) Digital-Industrial technology integration mainly reduces the marginal cost of production and enhances the accumulation of knowledge to reduce the carbon emission intensity of enterprises. (iii) Digital-Industrial Technology Integration manifests more pronounced effects in curbing carbon emissions in regions characterized by robust property rights protection and well-developed digital infrastructure. (iv) Further research finds that Digital-Industrial technology integration increases the green technology innovation and ESG (Environmental, Social, and Governance) performance of enterprises. The results of this study provide empirical evidence for the carbon emission reduction function of the Digital-Industrial technology integration, and also verify the positive externality impact of the Digital-Industrial technology integration on the enterprise green innovation and SDGs. • Explore the impact of Digital-Industrial technology integration on enterprise carbon emission intensity. • Digital-Industrial technology integration significantly reduces the carbon emission intensity of enterprises, and the conclusion robust to endogeneity and sensitivity analyses. • Digital-Industrial technology integration mainly reduces the marginal cost of production and enhances the accumulation of knowledge to reduce the carbon emission intensity of enterprises. • Digital-Industrial technology integration manifests more pronounced effects in curbing carbon emissions in regions characterized by robust property rights protection and well-developed digital infrastructure. • Further research finds that Digital-Industrial technology integration increases the green technology innovation and ESG (Environmental, Social, and Governance) performance of enterprises. [ABSTRACT FROM AUTHOR]

Digitalization, as a crucial engine for promoting sustainable development, has created new prospects for enterprise green transformation. Utilizing panel data from enterprises registered in China's resource-based cities from 2010 to 2021, this study innovatively examines the role of digitalization in promoting green transformation across two key performance dimensions. The findings indicate that enterprise digitalization significantly enhances the green innovation performance, while its impact on environmental performance, although positive, is not statistically significant. Overall, enterprise digitalization greatly facilitates green transformation. Moreover, mechanism analysis reveals that enterprise digitalization promotes green transformation through the alleviation of financial mismatch and the increase of external market attention. In addition, heterogeneity analysis shows that the effectiveness of enterprise digitalization in promoting green transformation is significantly different in different opportunist risk scenarios, proving more effective in areas with low-marketization, high-competition industries, and high environmental regulation intensity. In terms of the policy level, the National Big Data Comprehensive Pilot Zone (NBDCPZ) and the Carbon Emission Trading Policy (CETP) played a positive stimulating role in the process of enterprise digitalization affecting green transformation. This paper broadens the scope of research on green transformation, offers new development philosophy for enterprises in resource-based cities, and provides new directions for the synergistic development of digitalization and greenization. • We explore the nexus between digitalization and green transformation. • We verify this positive effect by applying multiple fixed-effects models. • We identify the mechanism paths from the perspective of external market attention. • We implement heterogeneity analysis from three aspects. • We reinforce the reliability of this positive effect under considering policy interference. [ABSTRACT FROM AUTHOR]

Promoting the formation of the green lifestyle (GL) is a crucial step in achieving comprehensive green transformation of urban economic and social development. The widespread adoption of GL is influenced by various environmental regulations. Previous research mainly focused on the impact of individual policies on GL from the single policy perspective. The mechanisms of the combined effects of policies have not been thoroughly explored, particularly the contributions of each policy during periods of overlap. This paper takes the dual-policy of the New-type Urbanization Policy (NUP) and Smart City Policy (SCP) in China as an example. It employs panel data collected from 271 cities in China during 2007–2019 and establishes a multi-period difference-in-difference model to identify the combined effects of the dual-policy on residents' GL. Additionally, the Shapley value decomposition method is utilized to identify the contribution magnitude of each policy when they act simultaneously. The following conclusions are yielded. Firstly, the combined effects of dual-policy are more effective than a single policy in influencing residents' GL. Secondly, the Shapley value decomposition method reveals that when both policies are simultaneously implemented, SCP contributes a greater weight compared to NUP. Thirdly, the dual-policy can promote residents' adoption of GL through mechanisms such as green technological innovation, public participation in environmental protection, and the agglomeration of tertiary industries. Fourthly, the impact of dual-policy on residents' GL varies across different types and sizes of cities. This study attempts to unseal the "black box" of how the dual-policy influences residents' GL during the green transformation of cities in China, providing theoretical references for relevant urban policies in other countries and contributing to Chinese solutions and experience to global urban green development. • The dual-policy of NUP and SCP can jointly promote residents' green lifestyle. • The weight of SCP's contribution is higher than NUP's by the Shapely value method. • It explored three potential channels between the dual-policy and GL. • There are heterogeneous effects of dual-policy on GL in different types of cities. [ABSTRACT FROM AUTHOR]

In order to deal with the environmental problems such as pollution emissions and climate change, sustainable development in the field of transportation has gradually become a hot topic to all sectors of society. In addition, promoting the green and low-carbon transformation of China's transportation is also an important issue in the new era. Thus, it is particularly important to correctly identify the green effect of high-speed rail. However, the traditional causal reasoning model faces several challenges such as 'dimensional curse' and multicollinearity. Based on the panel data of 283 prefecture-level cities in China from 2003 to 2019, this study uses the double machine learning model to explore the impact of transportation infrastructure upgrading on the efficiency of urban green development in China. The research shows that the upgrading of transportation infrastructure can effectively improve the efficiency of urban green development by 4%. Service industry agglomeration and green innovation are verified as two mediating channels. Moreover, the synthetic difference in difference model is employed to evaluate the regional impact of high-speed rail, and finds that the regional impact of transportation policies often exceeds the impact of individual cities. We further apply the conclusions of this paper to the research at the micro enterprise level. Goodman-Bacon decomposition and a variety of robustness tests confirm the validity of our conclusions. The study's comprehensive empirical analysis not only validates the positive effects of transportation upgrades on green development, but also offers novel insights into the underlying mechanisms and policy implications of transportation upgrading. • We investigate the nexus between transportation facilities and green development. • We employ the double machine learning model to perform quasi-merge regression. • We affirm this positive effect from the micro enterprise level. • We verify the mediation channels of service industry agglomeration and green innovation level. [ABSTRACT FROM AUTHOR]

As digital economy develops, its impact on green innovation and energy efficiency has become the focus of current research. To explore the impact of the current development of the digital economy on the energy industry, this paper selects the parameter of green innovation resilience, analyzes the impact mechanism of green innovation resilience on energy efficiency under the shock of digital economic development, and uses relevant data from 284 cities in China from 2011 to 2019 for empirical testing. It is found that: green innovation resilience promotes energy efficiency; low level of green innovation resilience inhibits the improvement of energy efficiency, while high level of resilience promotes energy efficiency; the initial stage of digital economic development generates resource grabbing and the effect of technological constraints, which weakens the role of green innovation resilience in promoting energy efficiency. The results indicate that the resilience of the green innovation system should be strengthened in order to fully tap the potential for promoting energy efficiency; the policy orientation of "digital greening—energy efficient" should be pursued in the development of digital economy; the rational allocation of resources and the implementation of green standards should be strengthened in the process of digital economic development; and the constraints on energy efficiency improvement in the early stage of digital economic development should be broken through by accelerating the digitalization process. • Green innovation resilience can promote energy efficiency. • Early digital economy development can lead to resource grabbing and technology constraints effects. • Pursuing the policy orientation of "digital greening—energy efficient". [ABSTRACT FROM AUTHOR]

Rapid developments in environmental infrastructure have contributed to significant improvements in green total factor productivity, but further investigation is required to provide a detailed assessment to understand the policy mechanisms involved. This paper analyzes environmental progress in China through MMQR, CCEMG, and AMG as empirical strategies for 30 provinces in China. Our empirical results reveal that energy optimization through renewable energy is the most effective channel to improve green total factor productivity, though it is not the only available option. Since environmental regulations, infrastructure development, and green technology innovation also directly impact energy efficiency, adopting these within policy channels will positively impact environmental sustainability. Our empirical approach helps suggest novel environmental policy suggestions. In particular, policymakers must introduce structural changes within energy developments to foster renewable energy. Furthermore, China must increase environmental spending to upgrade its energy infrastructure further and solve ecological issues. These insights offer valuable policy guidance for decision-makers in China and globally, aiming to foster economic and environmental sustainability and achieve zero-carbon transition goals. • The current study analyses the role of green factor productivity in zero carbon transition. • We use 30 chinese provincial datasets from 2005 to 2020. • Energy transition is the most effective channel to improve green total factor productivity. [ABSTRACT FROM AUTHOR]