Do government green subsidies improve corporate carbon neutrality performance?

Carbon neutrality is critical to addressing the climate crisis. Using a unique dataset from Chinese market from 2018 to 2022, this study investigates the impact of government green subsidies on corporate carbon neutrality performance (CNP). The results indicate that green subsidies increase CNP by p...

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Published inLetters in spatial and resource sciences Vol. 18; no. 1; p. 26
Main Author Niu, Zhuangzhuang
Format Journal Article
LanguageEnglish
Published Berlin/Heidelberg Springer Berlin Heidelberg 01.12.2025
Springer Nature B.V
Subjects
Agricultural Economics
Annual reports
Carbon
Climate
Demography
Economics
Economics and Finance
Environmental Economics
Executives
Geographical Information Systems/Cartography
Government
Government subsidies
Hypotheses
Innovations
Investments
Landscape/Regional and Urban Planning
Neutrality
Original Paper
Politics
Regional/Spatial Science
Renewable resources
Subsidies
Variables
China
Q56
Financing constraints
H23
Carbon neutrality performance
Green subsidies
Investor green attention
Green innovation
O32
Online AccessGet full text
ISSN1864-4031
1864-404X
DOI10.1007/s12076-025-00422-1

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Abstract Carbon neutrality is critical to addressing the climate crisis. Using a unique dataset from Chinese market from 2018 to 2022, this study investigates the impact of government green subsidies on corporate carbon neutrality performance (CNP). The results indicate that green subsidies increase CNP by promoting green innovation, alleviating financing constraints, and attracting investor green attention. Additionally, green subsidies have a spillover effect, incentivizing the peers of subsidized firms to improve their CNP. This study provides additional evidence to assess the role of government power in promoting sustainability.
AbstractList Carbon neutrality is critical to addressing the climate crisis. Using a unique dataset from Chinese market from 2018 to 2022, this study investigates the impact of government green subsidies on corporate carbon neutrality performance (CNP). The results indicate that green subsidies increase CNP by promoting green innovation, alleviating financing constraints, and attracting investor green attention. Additionally, green subsidies have a spillover effect, incentivizing the peers of subsidized firms to improve their CNP. This study provides additional evidence to assess the role of government power in promoting sustainability.
ArticleNumber 26
Author Niu, Zhuangzhuang
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SubjectTerms Agricultural Economics
Annual reports
Carbon
Climate
Demography
Economics
Economics and Finance
Environmental Economics
Executives
Geographical Information Systems/Cartography
Government
Government subsidies
Hypotheses
Innovations
Investments
Landscape/Regional and Urban Planning
Neutrality
Original Paper
Politics
Regional/Spatial Science
Renewable resources
Subsidies
Variables
Title Do government green subsidies improve corporate carbon neutrality performance?
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