Smart City Gnosys

Smart city article details

Title	Can Smart City Construction Be The Answer To Sustainable Development? Evidence From Chinese Corporates
ID_Doc	13311
Authors	Peng W.; Li J.; Ren X.
Year	2024
Published	Frontiers in Environmental Science, 12
DOI	http://dx.doi.org/10.3389/fenvs.2024.1457801
Abstract	The construction of smart cities plays a pivotal role in promoting regional sustainability by utilizing technology-driven urban development in the digital era. This study employs the difference-in-differences model to empirically analyze the impact of the smart city pilot policy on corporate carbon intensity, using data from Chinese A-share listed corporates from 2009 to 2021. The findings are as follows: First, the smart city pilot policy significantly reduces corporate carbon intensity in pilot cities, and this conclusion remains robust after a series of sensitivity tests. Second, the policy exhibits heterogeneous effects on corporate carbon intensity across different industries and city locations, with more pronounced effects observed in central cities, traditional industries, and heavily polluting industries. Third, mechanism analysis reveals that the policy reduces corporate carbon intensity through three channels: promoting technological innovation, increasing external market attention, and providing ex-ante government subsidies. Copyright © 2024 Peng, Li and Ren.
Author Keywords	corporates carbon intensity; difference-in-differences; mechanism; smart city; sustainability

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