Influence mechanism of government subsidy on the green transformation of coal company in China

IF 11.7 1区工程技术 Q1 MINING & MINERAL PROCESSING International Journal of Mining Science and Technology Pub Date : 2024-07-01 DOI:10.1016/j.ijmst.2024.07.013

Xiaolei Li , Changsong Wu

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Abstract

The optimization of government subsidies to enhance the efficiency of coal companies’ green transformation constitutes a critical component in the pursuit of global sustainability. We investigate the influence mechanism of government subsidies on the green transformation using data from the listed coal companies in China from 2007 to 2022. According to our findings and hypothesis testing, previous government subsidies did not have a significant direct impact on coal companies’ green transformation. Nevertheless, government subsidies can help coal companies transition to greener practices by promoting innovative green initiatives. Furthermore, we confirmed an indirect route: that government subsidies enable the adoption of low-carbon initiatives, which in turn could facilitate the transition of coal companies towards green practices. In addition, we discovered that the coal company’s digitization will improve this indirect route. Thus, we propose increasing the effectiveness of government subsidies in facilitating coal companies’ transition to green practices by focusing on technological advancements and enhancing company digitalization.

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政府补贴对中国煤炭企业绿色转型的影响机制

优化政府补贴，提高煤炭企业绿色转型的效率，是实现全球可持续发展的关键环节。我们利用 2007 年至 2022 年中国煤炭上市公司的数据，研究了政府补贴对煤炭企业绿色转型的影响机制。根据我们的研究结果和假设检验，以往的政府补贴并没有对煤炭企业的绿色转型产生显著的直接影响。然而，政府补贴可以通过促进创新性绿色举措帮助煤炭企业向绿色转型。此外，我们还证实了一种间接途径：政府补贴能够促进低碳措施的采用，进而推动煤炭企业向绿色实践转型。此外，我们还发现，煤炭企业的数字化将改善这一间接途径。因此，我们建议通过关注技术进步和加强公司数字化，提高政府补贴在促进煤炭公司向绿色实践转型方面的有效性。

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来源期刊

International Journal of Mining Science and Technology Earth and Planetary Sciences-Geotechnical Engineering and Engineering Geology

CiteScore

19.10

自引率

11.90%

发文量

2541

审稿时长

44 days

期刊介绍： The International Journal of Mining Science and Technology, founded in 1990 as the Journal of China University of Mining and Technology, is a monthly English-language journal. It publishes original research papers and high-quality reviews that explore the latest advancements in theories, methodologies, and applications within the realm of mining sciences and technologies. The journal serves as an international exchange forum for readers and authors worldwide involved in mining sciences and technologies. All papers undergo a peer-review process and meticulous editing by specialists and authorities, with the entire submission-to-publication process conducted electronically.