经济的发展进步往往会伴随着高额的二氧化碳的排放，会产生全球变暖等一系列环境问题。各国为了遏制碳排放量的持续上涨，都分别制定了相应的政策。在这过程中，中国借鉴国外先进经验，结合本土国情，提出了碳排放权交易政策，借此实现节能减排。为实现节能减排这一目标，绿色技术创新也将起到至关重要的作用，通过绿色技术创新，可以实现低碳甚至是零碳的效果。这两种措施对实现节能减排的目标都具有重要的意义，但碳排放权交易政策作为一种环境规制，产生的额外的成本会对企业的绿色技术创新投资行为产生一定影响。

基于此，本文结合科斯定理、波特理论以及注意力基础观，以2010—2020年上市公司为研究样本，探究碳排放权交易政策对企业绿色技术创新的影响以及两者之间的作用机理。研究发现：（1）碳排放权交易政策能显著促进绿色技术创新，同时进一步细分绿色技术创新时，发现碳排放权交易政策对实质性绿色技术创新有显著促进作用，而对策略性绿色技术创新并未有显著影响；（2）高管团队环境注意力在碳排放权交易政策与绿色技术创新之间起到的是部分中介的作用，同时在碳排放权交易制度政策与实质性绿色技术创新之间高管团队环境注意力也能发挥其部分中介作用；（3）融资约束在碳排放权交易政策与绿色技术创新中能起到负向调节作用，但在实质性绿色技术创新中，其未能发挥相应的作用；（4）在考虑企业的产权异质性时，发现在国有企业碳排放权交易政策对绿色技术创新和实质性绿色技术创新的促进作用更为显著，高管团队环境注意力也能在其中发挥重要的部分中介作用，而融资约束并未在此过程中发挥其负向调节作用；（5）在考虑企业的行业异质性时，相较于非重污染行业，在重污染行业中碳排放权交易政策对绿色技术创新和实质性绿色技术创新均具有显著的促进作用，高管团队环境注意力能在其中发挥部分中介作用，融资约束在此过程中未能发挥其负向调节作用；（6）在扩展样本年份时，进一步验证碳排放权交易政策对绿色技术创新的有效性，能够显著地促进企业开展绿色技术创新活动。最后，基于上述的结论，本文从政府视角提出建立相应的环境优惠政策促进企业进行绿色技术创新，同时在企业角度指出增强高管团队层面的环境责任感，从而提升企业的绿色技术创新水平。

The development and progress of the economy are often accompanied by high carbon dioxide emissions, which can lead to a series of environmental problems such as global warming. In order to curb the continuous increase in carbon emissions, various countries have formulated corresponding policies. In this process, China learned from foreign advanced experience, combined with its own national conditions, and proposed carbon Emissions trading policies to achieve energy conservation and emission reduction. To achieve the goal of energy conservation and emission reduction, green technology innovation will also play a crucial role. Through green technology innovation, low-carbon or even zero carbon effects can be achieved. These two measures are of great significance for achieving the goal of energy conservation and emission reduction. However, as an environmental regulation, the additional cost of carbon Emissions trading policy will have a certain impact on the green technology innovation investment behavior of enterprises.

Based on this, this paper combines Coase theorem, Porter's theory and attention based view, and takes listed companies from 2010 to 2020 as research samples to explore the impact of carbon Emissions trading policy on corporate green technology innovation and the mechanism between the two. The research finds that: (1) carbon Emissions trading policy can significantly promote green technology innovation, while further subdividing green technology innovation, it is found that carbon Emissions trading policy has a significant role in promoting substantive green technology innovation, but has no significant impact on strategic green technology innovation; (2) The environmental attention of the senior management team plays a partial intermediary role between the carbon Emissions trading policy and green technology innovation, while the environmental attention of the senior management team can also play a partial intermediary role between the carbon Emissions trading system policy and substantive green technology innovation; (3) Financing constraints can play a negative role in regulating carbon Emissions trading policies and green technology innovation, but they fail to play a corresponding role in substantive green technology innovation; (4) When considering the property rights heterogeneity of enterprises, it is found that the carbon Emissions trading policy of state-owned enterprises plays a more significant role in promoting green technology innovation and substantive green technology innovation, and the environmental attention of the senior management team can also play an important part of the intermediary role, while financing constraints do not play a negative regulatory role in this process; (5) When considering the industry heterogeneity of enterprises, compared with non heavy polluting industries, carbon Emissions trading policies in heavy polluting industries have a significant role in promoting green technology innovation and substantive green technology innovation. The environmental attention of the senior management team can play a part of the intermediary role, while financing constraints fail to play a negative regulatory role in this process; (6) When expanding the sample year, further verify the effectiveness of carbon Emissions trading policy on green technology innovation, which can significantly promote enterprises to carry out green technology innovation activities. Finally, based on the above conclusions, this article proposes to establish corresponding environmental preferential policies from the government's perspective to promote green technology innovation in enterprises. At the same time, from the enterprise's perspective, it points out that enhancing the environmental responsibility of the executive team can enhance the level of green technology innovation in enterprises.

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