Environmental Regulation and Industrial Green Transformation in the Yangtze River Economic Zone --- A Perspective Based on Emission Heterogeneity

Abstract

Accelerating the green transformation of industry is the way to promote the comprehensive green and low-carbon development of the Yangtze River Economic Zone. The results show that there is a positive effect of environmental regulation on the green transformation of industry in the Yangtze River Economic Zone, which is consistent with the "Porter hypothesis", and the heterogeneity of the effect of environmental regulation on the green transformation of industry in the Yangtze River Economic Zone. In addition, the green development strategy of the Yangtze River Economic Belt implemented since 2016 has effectively enhanced the role of environmental regulations in promoting the green transformation of industries in the Yangtze River Economic Belt. In general, the intensity of environmental regulations in the Yangtze River Economic Belt is low, and the policy effects have not been fully exploited. To further promote the green transformation of industries in the Yangtze River Economic Zone, we should take the characteristics of emission heterogeneity as an important reference, formulate targeted environmental regulation policies by classification and zoning, accelerate the construction of a regional consultation mechanism for environmental regulation, and promote the continuous enrichment and dynamic optimization of environmental regulation policies.