Dynamic adjustment mechanism of carbon emissions on industrial upgrading driven by green technology innovation. (English)

Scientifically implementing the strategies toward reaching peak carbon emissions and achieving carbon neutrality is essential for the coordinated development of green technology innovation and industrial upgrading in the new development pattern. Based on a new perspective on effective carbon reduction, this study analyzed the heterogeneous dynamic adjustment mechanism of carbon emissions on industrial upgrading driven by green technology innovation by using China's provincial panel data and threshold measurement technology. The results showed that green technology innovation contributed significantly to industrial upgrading, but this incentive effect could only appear when the level of green technology innovation reached a certain level. Carbon emissions played a positive inverted U-shaped role in the process of green technology1 innovation to promote industrial upgrading. Excessively low or high intensity of carbon emissions would cause the loss of the green technology innovation industrial upgrading dividend to a certain extent, and only a moderate carbon emission strategy could stimulate the positive impact of green technology innovation on industrial upgrading. Under the constraint of carbon emissions, there were significant spatial and temporal differences in the dynamic industrial upgrading effect of green technology innovation. In the eastern, central, and western regions, regulation characteristics were inverted U-shaped type, positive N-shaped type, and positive inverted U-shaped type, respectively. During the experiment, carbon emissions were beneficial to enhance the industrial upgrading effect of green technology innovation generally, but the positive regulation effect was only reflected in the central and western regions and had not yet appeared in the eastern regions. Under the premise of not compromising the benign coordination between green technology innovation and industrial upgrading, there would still be a broader space for carbon emission reduction in the future for a long time, but compared to the central and western regions, the eastern regions should implement more severe carbon emission reduction constraints. The above find-ings have important implications for China to scientifically deal with the dynamic evolutionary linkage between continuous carbon reduc -tion, green innovation drivers, and industrial upgrading in the future. [ABSTRACT FROM AUTHOR]

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