中文摘要：

本文基于我国30个省市自治区2001~2010年相关数据,建立动态面板模型,采用差分广义矩估计（GMM）方法考察环境规制作用下我国环保投资对工业废气减排的影响。分析结果显示：我国环保投资对工业废气减排具有促进作用;环境规制可以有效促进工业废气治理投资的增加,进而可实现工业废气减排作用;滞后一期的环保投资和环境规制具有强的减排效果。最后,本文就如何提高我国环境规制下环保投资的减排效果提出具体建议。

英文摘要：

This paper establishes a dynamic panel data model and uses the difference GMM Estimation method to investigate industrial emission reduction of investment in environmental protection under environmental rules based on the data of 30 provinces in China from 2001 to 2010.The results showed that Chinese investment in environmental protection play a certain role in promoting the reduction of industrial emissions;environmental regulation can effectively increase the investment,and thus can achieve reduction of industrial emissions;the lag phase of environmental protection investment and environmental regulation have strong emission reduction effect.Finally,this paper puts forward some suggestions on how to improve the emission reduction of environmental protection investment under Chinese environmental regulation.