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Accelerating decarbonized economic growth through net-zero entrepreneurship: Low-carbon economic development
Feifei Gao1, Baogui Xin2, Wei Peng2
1School of Economics and Management, Zhejiang University of Water Resources and Electric Power, Hangzhou, China.
Journal of Environmental Management
|September 29, 2024
Summary
Net-zero entrepreneurship significantly drives decarbonized economic growth, with green technology progress as a key mechanism. Strengthening environmental regulation and optimizing industrial structures further support this transition.
Area of Science:
- Environmental Economics
- Innovation Studies
- Sustainable Development
Background:
- Net-zero entrepreneurship is an emerging concept crucial for achieving carbon neutrality.
- Understanding its role in fostering decarbonized economic growth is vital for global sustainability efforts.
Purpose of the Study:
- To investigate the relationship between net-zero entrepreneurship and decarbonized economic growth.
- To explore the mediating role of green technology progress and the moderating effects of environmental regulation and industrial structure optimization.
Main Methods:
- Construction of a low-carbon endogenous economic growth model.
- Empirical validation using multiple regression models on Chinese provincial data.
- Robustness checks including alternative dependent variables and lagged regressions.
Main Results:
- Net-zero entrepreneurship positively influences decarbonized economic growth, exhibiting regional variations.
- Green technology progress significantly mediates this relationship.
- Environmental regulation and industrial structure optimization demonstrate positive moderating effects.
Conclusions:
- Net-zero entrepreneurship is a viable strategy to accelerate global decarbonization.
- Green technology innovation is a critical driver for sustainable economic transitions.
- Effective environmental policies and optimized industrial structures are essential for promoting net-zero transitions.
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