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Environmental Regulation and Green Technology Innovation: An Analysis of the Government Subsidy Policy's Role in Driving Corporate Green Transformation

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DOI: 10.23977/ieim.2024.070106 | Downloads: 24 | Views: 414

Author(s)

Chunxia Shan 1, Xue Ji 1

Affiliation(s)

1 Xi'an International Studies University, Xi'an, Shaanxi, 710128, China

Corresponding Author

Xue Ji

ABSTRACT

This comprehensive review examines the intricate interplay among environmental regulations, green technology innovation, and government subsidy policies, with a specific focus on their collective impact on corporate green transformation. It delves into the role of environmental regulations in driving corporate responsibility and explores the significance of green technology innovation as a cornerstone for addressing contemporary environmental challenges. Moreover, it analyzes the vital role played by government subsidy policies in accelerating the adoption of green technologies and sustainable practices within the corporate sector. The study also identifies key factors influencing the success of government subsidy programs, emphasizing the importance of a robust regulatory framework, industry-specific considerations, technological advancements, and corporate commitment to sustainability. The findings underscore the collaborative efforts required from governments, businesses, and society to achieve a sustainable and environmentally responsible future.

KEYWORDS

Environmental regulations, Green technology innovation, Government subsidy policies, Corporate green transformation, Sustainability initiatives, Regulatory framework, Technological advancements, Sustainable practices

CITE THIS PAPER

Chunxia Shan, Xue Ji, Environmental Regulation and Green Technology Innovation: An Analysis of the Government Subsidy Policy's Role in Driving Corporate Green Transformation. Industrial Engineering and Innovation Management (2024) Vol. 7: 39-46. DOI: http://dx.doi.org/10.23977/ieim.2024.070106.

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