智能制造迎合对企业碳排放双控的影响研究

彭梓倩^1a,1b，张海洋^1a，吕纤²，韩云³

（1.湖北工业大学 a.经济与管理学院；b.湖北数字工业经济发展研究中心，湖北 武汉 430068；2.中南民族大学 管理学院，湖北 武汉 430074；3.上海立信会计金融学院 金融学院，上海 201209）

摘要：如何更好地驱动智能制造形成有效的碳治理机制，是当前碳排放双控政策背景下的重要命题。本文以2010—2023年A股上市公司为样本，分析智能制造迎合对企业碳排放强度和总量双控的影响。研究发现：智能制造迎合导致企业碳排放强度上升，使得碳排放总量降低。机制分析表明，智能制造迎合通过创新挤出效应增加碳排放强度，同时经由规模缩减效应减少碳排放总量。异质性分析显示，在融资约束较高、重污染行业及竞争压力较大的企业中，智能制造迎合对碳排放双控的影响更为明显。本文的研究不仅深化了迎合视角下智能制造影响企业碳排放双控的理论，而且为强化信息披露监管、推动实体经济智能化与绿色化协同发展提供了政策启示。

基金项目：国家社会科学基金一般项目“全球碳定价博弈下的碳风险传染及防控策略研究”（23BJY106）

关键词：智能制造；智能制造迎合；碳排放双控；绿色低碳转型；碳治理机制

作者简介：彭梓倩，湖北工业大学经济与管理学院/湖北数字工业经济发展研究中心副教授；张海洋，湖北工业大学经济与管理学院硕士研究生；吕纤，中南民族大学管理学院讲师，通信作者；韩云，上海立信会计金融学院金融学院教授。

引用格式：彭梓倩，张海洋，吕纤，等. 智能制造迎合对企业碳排放双控的影响研究［J］. 首都经济贸易大学学报，2026，28（5）：58-72.

The Impact of Intelligent Manufacturing Catering on Corporate Dual Carbon Control

PENG Ziqian¹, ZHANG Haiyang¹, LV Xian2, HAN Yun³

（1. Hubei University of Technology, Wuhan 430068;

2. South-Central Minzu University, Wuhan 430074;

3. Shanghai Lixin University of Accounting and Finance, Shanghai 201209）

Abstract: In the 15th Five-Year Plan period, a dual carbon control system, primarily focused on intensity control and complemented by total volume control, will be fully implemented. Therefore, it is crucial to explore effective carbon governance mechanisms propelled by intelligent manufacturing, particularly from a catering perspective, to facilitate the transition of manufacturing towards green, low-carbon practices, and to foster high-quality sustainable economic development.

This study empirically investigates the effects of intelligent manufacturing catering on corporate dual carbon control using A-share listed firms from 2010 to 2023. The findings indicate that intelligent manufacturing catering results in a rise in enterprises' carbon emission intensity but a decrease in total carbon emissions. Mechanism analysis reveals that intelligent manufacturing catering addresses the escalating carbon emission intensity via the innovation crowding-out effect and diminishes total carbon emissions through the scale reduction effect. Heterogeneity analysis reveals that in enterprises with high financing constraints, heavy pollution industries, and significant competitive pressure, the impact of intelligent manufacturing on dual carbon control is more pronounced.

This study proposes the following policy implications. First, in response to the "pseudo-green" phenomenon in carbon governance of intelligent manufacturing catering, the dual carbon control policy should be optimized, and the implementation of the dual carbon control policy based on intensity should be promoted. Second, substantive innovation should be supported through special funds for green intelligent manufacturing to curb the crowding-out of innovation resources by strategic catering. Third, the regulatory system should be improved by increasing financial support, tightening credit review, strengthening environmental information disclosure, and promoting technology sharing across the industrial chain, thereby reducing firms' room for strategic manipulation.

This study provides three key contributions. First, it constructs an analytical framework for intelligent manufacturing and the dual carbon control, revealing the asymmetric effects of such catering on firms' carbon emission intensity and total emissions. Second, it clarifies the pathways through which strategic catering in intelligent manufacturing affects the dual carbon control, identifying two mechanisms: innovation crowding-out that increases carbon emission intensity and scale contraction that reduces total carbon emissions. Third, it examines the heterogeneous effects of strategic catering in intelligent manufacturing on dual carbon control under financing constraints, industry attributes, and market environment.

These findings suggest that policies should move beyond expanding basic access and place greater emphasis on deepening women's actual use of digital financial services. Digital financial inclusion should also be linked with support for women's self-employment, micro-entrepreneurship, and family care arrangements, so that financial service convenience can be more effectively translated into women's income growth and a narrower gender income gap.

Keywords: intelligent manufacturing; intelligent manufacturing catering; dual carbon control; green and low-carbon transformation; carbon governance mechanisms

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