“…When the government has a high , moderate government regulation of the environment can promote enterprises' independent research and development of green technologies and enterprises obtain higher returns through technological innovation. Meanwhile, the government can effectively play the “supporting hand”; provide capital and resource support; stimulate the spirit of adventurers; promote from multiple perspectives such as capital, technology, and management; and then promote (Su et al, 2022). On the contrary, when is low, enterprises lack the support of the government in all aspects, coupled with the R&D department's characteristics of high investment, slow return, and high failure rate, and green innovation has an externality disadvantage that social benefits are greater than corporate benefits, it is often prone to rent‐seeking behavior, transferring funds to non‐green research and development or the projects of , which inhibits the progress of the digital industry and reduces the level of and then weakens the role of in promoting .…”