绿色技术创新是实现中国式现代化的重要驱动力，以积极的气候行动应对气候变化风险是企业绿色可持续发展的必由之路。为探析气候风险、气候行动与企业绿色技术创新之间的逻辑关联，构建了变量间的理论分析框架和双向固定效应面板模型，并以我国A股上市公司为研究对象，采用2008—2022年的面板数据进行实证分析。研究结果显示：（1）“气候风险-气候行动-绿色技术创新”形成顺次因应关联，驱动力的传递形成“漏斗型”筛选和过滤。气候风险整体与企业绿色技术创新不存在统计意义上的相关性，气候风险能否激发企业绿色技术创新存在很大的不确定性；（2）气候风险会促进企业采取气候行动，但存在时间上的滞后性和策略上的被动性。气候风险中仅有转型风险显著影响企业气候行动。气候行动由低阶的反应型和防御型向高阶的适应型和主动型的发展演变的速度取决于内部资源和能力的积累及外部压力的大小；（3）气候行动与企业绿色技术创新呈现显著的倒“U”型关联特征，即初期促进作用随行动强度增加而提升，但超过阈值后作用逐渐减弱，过度气候行动对绿色技术创新会形成“挤出效应”。气候行动中仅有适应型和主动性气候行动显著影响绿色技术创新。本文设立系统性分析框架，避免了单一识别逻辑的整体性割裂。研究结论为快速聚焦绿色技术创新最关键的影响因子、精准定位发展阶段提供了经验证据，同时为纠正气候行为异化、科学制定气候行动方案、合理配置研发资源奠定了理论支撑。

Green technology innovation is an important driving force to achieve China's path to modernization，and it is the only way for enterprises to respond to climate change risks with active climate actions for green sustainable development. To explore the correlation and response effects between climate risk，climate action，and corporate green technology innovation，a theoretical analysis framework and a two-way fixed effects panel model were constructed among variables. China's A-share listed companies were selected as the research objects，and empirical analysis was conducted using the panel data from 2008 to 2022. The research results showed that： （1） "Climate risk climate action green technology innovation" forms a sequential response correlation，and the transmission of driving forces forms a "funnel-shaped" screening and filtering. There is no statistically significant correlation between overall climate risk and corporate green technology innovation，and there is great uncertainty about whether climate change can stimulate corporate green technology innovation；（2） Climate risks will encourage businesses to take climate action，but there is a time lag and strategic passivity. Only transition risk significantly affects corporate climate action among climate risks. The speed at which climate action evolves from low-level reactive and defensive to high-level adaptive and proactive depends on the accumulation of internal resources and capabilities，as well as the magnitude of external pressures；（3） There is a significant inverted U-shaped relationship between climate action and corporate green technology innovation，with excessive climate action leading to a crowding out effect on green technology innovation. Only adaptive and proactive climate actions have a significant impact on green technology innovation in climate action. This paper established a systematic analysis framework to avoid the overall fragmentation of a single identification logic. The research conclusion will provide empirical evidence for quickly focusing on the most critical influencing factors of green technology innovation，accurately positioning the development stage，laying theoretical support for correcting climate behavior alienation，scientifically formulating climate action plans，and rationally allocating research and development resources.