The Green-Innovation-Inducing Effect of a Unit Progressive Carbon Tax

The major global economies are facing increasing pressure to reduce their carbon emissions. Introducing environmental policy instruments to stimulate green innovation is key to mitigating global warming. We propose a carbon tax design with a typical green innovation orientation that links carbon tax...

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Autores principales:	Xiao Yu, Yingdong Xu, Meng Sun, Yanzhe Zhang
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	carbon tax green-innovation-inducing effect progressive tax rate Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/e6774c12d69648d28e001e75176bc1ae
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spelling	oai:doaj.org-article:e6774c12d69648d28e001e75176bc1ae2021-11-11T19:26:07ZThe Green-Innovation-Inducing Effect of a Unit Progressive Carbon Tax10.3390/su1321117082071-1050https://doaj.org/article/e6774c12d69648d28e001e75176bc1ae2021-10-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/11708https://doaj.org/toc/2071-1050The major global economies are facing increasing pressure to reduce their carbon emissions. Introducing environmental policy instruments to stimulate green innovation is key to mitigating global warming. We propose a carbon tax design with a typical green innovation orientation that links carbon taxes with the low-carbon technology (LCT) of enterprises and imposes a progressive tax on heterogeneous enterprises with LCT stock to encourage green innovation. This study used a dynamic evolution game model based on the Stackelberg model of heterogeneous enterprises with LCT stock to analyze the green-innovation-inducing effect of unit progressive carbon taxes. A unit progressive carbon tax could encourage enterprises to participate in green innovation, regardless of their initial green innovation willingness. The progressive tax rate was more effective than a fixed rate for stimulating green innovation by all enterprises. There was a marginal diminishing effect of increases in the tax rate. An increase in the innovation cost coefficient of enterprises reduced the green-innovation-inducing effect of the unit progressive carbon tax. Increasing the tax rate was effective only under normal circumstances. A decline in the carbon reduction in enterprises also reduced the green-innovation-inducing effect of the unit progressive carbon tax. Furthermore, increasing the tax rate when the carbon reduction amount was extremely low caused enterprises to abandon green innovation.Xiao YuYingdong XuMeng SunYanzhe ZhangMDPI AGarticlecarbon taxgreen-innovation-inducing effectprogressive tax rateEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 11708, p 11708 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	carbon tax green-innovation-inducing effect progressive tax rate Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	carbon tax green-innovation-inducing effect progressive tax rate Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Xiao Yu Yingdong Xu Meng Sun Yanzhe Zhang The Green-Innovation-Inducing Effect of a Unit Progressive Carbon Tax
description	The major global economies are facing increasing pressure to reduce their carbon emissions. Introducing environmental policy instruments to stimulate green innovation is key to mitigating global warming. We propose a carbon tax design with a typical green innovation orientation that links carbon taxes with the low-carbon technology (LCT) of enterprises and imposes a progressive tax on heterogeneous enterprises with LCT stock to encourage green innovation. This study used a dynamic evolution game model based on the Stackelberg model of heterogeneous enterprises with LCT stock to analyze the green-innovation-inducing effect of unit progressive carbon taxes. A unit progressive carbon tax could encourage enterprises to participate in green innovation, regardless of their initial green innovation willingness. The progressive tax rate was more effective than a fixed rate for stimulating green innovation by all enterprises. There was a marginal diminishing effect of increases in the tax rate. An increase in the innovation cost coefficient of enterprises reduced the green-innovation-inducing effect of the unit progressive carbon tax. Increasing the tax rate was effective only under normal circumstances. A decline in the carbon reduction in enterprises also reduced the green-innovation-inducing effect of the unit progressive carbon tax. Furthermore, increasing the tax rate when the carbon reduction amount was extremely low caused enterprises to abandon green innovation.
format	article
author	Xiao Yu Yingdong Xu Meng Sun Yanzhe Zhang
author_facet	Xiao Yu Yingdong Xu Meng Sun Yanzhe Zhang
author_sort	Xiao Yu
title	The Green-Innovation-Inducing Effect of a Unit Progressive Carbon Tax
title_short	The Green-Innovation-Inducing Effect of a Unit Progressive Carbon Tax
title_full	The Green-Innovation-Inducing Effect of a Unit Progressive Carbon Tax
title_fullStr	The Green-Innovation-Inducing Effect of a Unit Progressive Carbon Tax
title_full_unstemmed	The Green-Innovation-Inducing Effect of a Unit Progressive Carbon Tax
title_sort	green-innovation-inducing effect of a unit progressive carbon tax
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/e6774c12d69648d28e001e75176bc1ae
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The Green-Innovation-Inducing Effect of a Unit Progressive Carbon Tax

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