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Environmental regulation and its influence on energy-environmental performance: Evidence on the Porter Hypothesis from China's iron and steel industry
Resources, Conservation and Recycling ( IF 11.2 ) Pub Date : 2021-10-07 , DOI: 10.1016/j.resconrec.2021.105954
Rongxin Wu 1 , Boqiang Lin 1, 2
Affiliation  

Environmental regulation is a critical instrument for achieving sustainable economic and social development in the context of carbon neutrality. The iron and steel industry is highly polluting and energy-consuming, posing a significant threat to China's environmental sustainability. Based on the panel of Chinese provincial-level data from 2000 to 2017, this paper empirically examines how environmental regulation affects the iron and steel industry's green development. The findings show that there is a U-shaped relationship between environmental regulation and energy-environmental performance. Low environmental regulation intensity inhibits the improvement of energy-environmental performance. But as the regulation intensity increases, it contributes to the advancement of energy-environmental performance. Environmental regulation affects the industrial energy-environment performance through technological innovation, and the relationship between environmental regulation and technological innovation presents a U-shaped relationship. There are noticeable regional differences in the impact of environmental regulation on energy-environmental performance. The findings provide new evidence to confirm the Porter Hypothesis. Finally, this paper provides policy suggestions for further energy-environmental performance improvements in China's iron and steel industry.

更新日期:2021-10-07
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