Unleashing green technology innovation in agribusiness: traditional environmental regulations, carbon trading, or synergies?

Abstract Stimulating green technology innovation in agricultural enterprises through appropriate environmental policies is of great significance for achieving green agricultural development. Based on the data of listed agribusinesses from 2007 to 2020, this paper analyzes the incentive effects of tr...

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Main Authors: Wei Wang, Yanan She, Yue Peng, Yunqiang Liu
Format: Article
Language:English
Published: Springer Nature 2025-01-01
Series:Humanities & Social Sciences Communications
Online Access:https://doi.org/10.1057/s41599-024-04149-0
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author Wei Wang
Yanan She
Yue Peng
Yunqiang Liu
author_facet Wei Wang
Yanan She
Yue Peng
Yunqiang Liu
author_sort Wei Wang
collection DOAJ
description Abstract Stimulating green technology innovation in agricultural enterprises through appropriate environmental policies is of great significance for achieving green agricultural development. Based on the data of listed agribusinesses from 2007 to 2020, this paper analyzes the incentive effects of traditional environmental regulatory tools, carbon trading, and policy synergies using the SDM-SDID model. It was found that: (1) Although both traditional environmental regulatory tools and carbon trading provide incentive effects, the former tends to exhibit more pronounced direct effects, making it more suitable for adoption by local governments, while the latter demonstrates stronger spatial spillover effects, making it more appropriate for application in a national market context. (2) Command-and-control environmental regulatory instruments and carbon trading are complementary policy mixes, and other environmental policy mixes are to be used as appropriate in the context of the actual situation. (3) The incentive effects of environmental policies are more significant in eastern regions, non-heavily polluting, and state-owned agribusinesses, but not in the basic agricultural sector. Based on the above research, this paper reveals the differentiated effects of different types of environmental policies and policy combinations on the green technology innovation of agribusinesses. This contributes to the deepening of research on environmental policy selection and provides theoretical support and practical references for precise policy implementation and collaborative governance.
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spelling doaj-art-a2877a62e656484688f1212d10e900762025-02-02T12:13:23ZengSpringer NatureHumanities & Social Sciences Communications2662-99922025-01-0112111410.1057/s41599-024-04149-0Unleashing green technology innovation in agribusiness: traditional environmental regulations, carbon trading, or synergies?Wei Wang0Yanan She1Yue Peng2Yunqiang Liu3College of Management, Sichuan Agricultural UniversityCollege of Management, Sichuan Agricultural UniversityCollege of Management, Sichuan Agricultural UniversityCollege of Management, Sichuan Agricultural UniversityAbstract Stimulating green technology innovation in agricultural enterprises through appropriate environmental policies is of great significance for achieving green agricultural development. Based on the data of listed agribusinesses from 2007 to 2020, this paper analyzes the incentive effects of traditional environmental regulatory tools, carbon trading, and policy synergies using the SDM-SDID model. It was found that: (1) Although both traditional environmental regulatory tools and carbon trading provide incentive effects, the former tends to exhibit more pronounced direct effects, making it more suitable for adoption by local governments, while the latter demonstrates stronger spatial spillover effects, making it more appropriate for application in a national market context. (2) Command-and-control environmental regulatory instruments and carbon trading are complementary policy mixes, and other environmental policy mixes are to be used as appropriate in the context of the actual situation. (3) The incentive effects of environmental policies are more significant in eastern regions, non-heavily polluting, and state-owned agribusinesses, but not in the basic agricultural sector. Based on the above research, this paper reveals the differentiated effects of different types of environmental policies and policy combinations on the green technology innovation of agribusinesses. This contributes to the deepening of research on environmental policy selection and provides theoretical support and practical references for precise policy implementation and collaborative governance.https://doi.org/10.1057/s41599-024-04149-0
spellingShingle Wei Wang
Yanan She
Yue Peng
Yunqiang Liu
Unleashing green technology innovation in agribusiness: traditional environmental regulations, carbon trading, or synergies?
Humanities & Social Sciences Communications
title Unleashing green technology innovation in agribusiness: traditional environmental regulations, carbon trading, or synergies?
title_full Unleashing green technology innovation in agribusiness: traditional environmental regulations, carbon trading, or synergies?
title_fullStr Unleashing green technology innovation in agribusiness: traditional environmental regulations, carbon trading, or synergies?
title_full_unstemmed Unleashing green technology innovation in agribusiness: traditional environmental regulations, carbon trading, or synergies?
title_short Unleashing green technology innovation in agribusiness: traditional environmental regulations, carbon trading, or synergies?
title_sort unleashing green technology innovation in agribusiness traditional environmental regulations carbon trading or synergies
url https://doi.org/10.1057/s41599-024-04149-0
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AT yuepeng unleashinggreentechnologyinnovationinagribusinesstraditionalenvironmentalregulationscarbontradingorsynergies
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