scholarly journals Carbon Emission Trading Policy and Carbon Emission Efficiency: An Empirical Analysis of China’s Prefecture-Level Cities

2021 ◽  
Vol 9 ◽  
Author(s):  
Lei Chen ◽  
Yining Liu ◽  
Yue Gao ◽  
Jingjing Wang
Keyword(s):  
Carbon Emission ◽  
Emission Trading ◽  
Radial Distance ◽  
Environmental Policies ◽  
Developed Countries ◽  
Mediation Effect ◽  
Emission Efficiency ◽  
Carbon Emission Trading ◽  
The Impact ◽  
Trading Policy

Improving carbon emission efficiency is an important means to achieve pollution reduction and sustainable economic development. Rather than focusing on the implementation of market-incentive environmental policies in developed countries, we study the effect of the implementation of market-incentive environmental policies on the efficiency of carbon emissions in developing countries, which is generally ignored by frontiers researches. Based on panel data of 282 cities at prefecture-level and above in China from 2007 to 2017, we first adopt the non-radial distance function (NDDF) and global DEA model to measure the carbon emission efficiency of China’s cities. Then we take the Chinese carbon emission trading pilot as a quasi-natural experiment and explore the impact of carbon emission trading policy on carbon emission efficiency based on DID method. And the mechanisms are analyzed through the mediation effect model. It is found that the carbon emission rights trading policy can significantly improve the carbon emission efficiency of the pilot cities, and it mainly plays a role through three channels: technological progress effect, green innovation effect and energy consumption structure optimization effect. The heterogeneity test results show that for resource-based cities and cities with a higher degree of marketization, the carbon emission trading policy has a more obvious effect on improving carbon emission efficiency.

scholarly journals Examining the Impact and Influencing Channels of Carbon Emission Trading Pilot Markets in China

2021 ◽  
Vol 13 (10) ◽  
pp. 5664
Author(s):  
Qiong Wu ◽  
Kanittha Tambunlertchai ◽  
Pongsa Pornchaiwiseskul
Keyword(s):  
Co2 Emissions ◽  
Emission Intensity ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Emission Trading ◽  
So2 Emission ◽  
Green Development ◽  
Carbon Emission Trading ◽  
The Impact ◽  
Trading Policy

As China has an important role in global climate change, the Chinese government has set goals to improve its environmental efficiency and performance and launched carbon emission trading pilot markets in 2013, aiming to reduce CO2 emissions. Based on panel data of 30 provinces from 2005 to 2017, this paper uses the difference-in-difference method to study the impact of China’s carbon emission trading pilot markets on carbon emissions and regional green development. The paper also explores possible influencing channels. The main conclusions are as follows: (1) China’s carbon emission trading policy has promoted a reduction in CO2 emissions and carbon emission intensity and has increased green development in the pilot areas. (2) The main path for China’s carbon emission trading policy to achieve carbon emission reduction and regional green development is to promote technology adoption. (3) China’s carbon emission trading policy achieves green development through synergistic SO2 emission reduction. The pilot carbon markets have reduced both the amount of SO2 emissions and SO2 emission intensity.

scholarly journals Does the Carbon Emission Trading Policy Promote Foreign Direct Investment?: A Quasi-Experiment From China

2022 ◽  
Vol 9 ◽  
Author(s):  
Wei Shao ◽  
Xiaobo Yu ◽  
Ziqi Chen
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Environmental Regulation ◽  
Direct Investment ◽  
Carbon Emission ◽  
Emission Trading ◽  
Depth Analysis ◽  
Carbon Emission Trading ◽  
The Impact ◽  
Trading Policy

As an important policy to promote global energy transition and carbon emission reduction, does the carbon emission trading policy help promote foreign direct investment inflows, thus alleviating the contradiction between environment and economic development? Based on the “OLI paradigm,” by using the data of China’s 30 provinces from 2007 to 2016 and taking China’s pilot implementation carbon emission transaction policy in 2013 as the natural experiment, so as to construct a differences-in-differences model, this study empirically analyzed the impact of carbon emission transaction policies on foreign direct investment and conducted an in-depth analysis and discussion on related heterogeneity. The empirical results show that 1) there is a positive correlation between the carbon emission trading policy and foreign direct investment; 2) the results of heterogeneity analysis show that the effect of carbon emission trading policy on the increase in FDI is more significant in the areas with a stronger environmental regulation, a higher degree of marketization, and low energy consumption. The conclusions of this study enrich the analysis of the effectiveness of government environmental policies from the perspective of both environment and economic development and provide relevant policy enlightenment for developing countries in environmental regulation and attracting foreign direct investment.Systematic Review Registration: [website], identifier [registration number].

Examining the Impact and Influencing Channels of Emission Trading Pilot Markets in China

2020 ◽  
Vol 11 (1) ◽  
pp. 136-136
Author(s):  
Qiong Wu ◽  
Kanittha Tambunlertchai ◽  
Pongsa Pornchaiwiseskul
Keyword(s):  
Total Factor Productivity ◽  
Co2 Emission ◽  
Carbon Emission ◽  
Emission Trading ◽  
Chinese Government ◽  
Synergy Effect ◽  
Factor Productivity ◽  
Plan Period ◽  
Carbon Emission Trading ◽  
The Impact

The global warming has become a serious issue in the world since the 1980s. The targets for the first commitment period of the Kyoto Protocol cover emissions of the six main greenhouse gasses (GHGs). China is the world's largest CO2 emitter and coal consumer and was responsible for 27.3 percent of the global total CO2 emission and 50.6 percent of the global total coal consumption in 2016 (BP, 2017). As China plays an important role in the global climate change, China has set goals to improve its environmental efficiency and performance. In 2011, the Chinese government for the first time announced an intent to establish carbon emission trading market in China. Eight regional emission trading schemes have been operating since 2013 (seven pilot markets during the 12th Five Year Plan period and one pilot market during the 13th Five Year Plan period) including provinces of Guangdong, Hubei, and Fujian, and cities of Beijing, Tianjin, Shanghai, Shenzhen, and Chongqing. The goal of these regional emission trading pilot markets is to help the government establish an efficient carbon emission trading scheme at national level. Some researchers have been focused on examining the impact of emission trading schemes in China using CGE model by constructing different scenarios and ex-ante analysis using data prior to emission trading pilot markets implementation. While this paper tries to conduct an ex-post analysis with data of 2005-2017 to evaluate the impact of emission trading pilot markets in China at provincial level using difference-in-difference (DID) model. By including both CO2 and SO2 as undesirable outputs to calculate Malmquist-Luenberger (ML) Index to measure green total factor productivity, this paper plans to evaluate the impact of carbon emission trading pilot markets in China via emission reduction, regional green development, synergy effect and influencing channels. This paper tries to answer the following research questions: (1) Do emission trading pilot markets reduce CO2 emission and increase regional green total factor productivity? (2) Is there any synergy effect from emission trading pilot markets? (3) What are the influencing channels of emission trading pilot markets? Keywords: Emission trading, CO2 emissions, Different-in-difference

scholarly journals Does Emission Trading Improve Carbon Emission Efficiency of China’s Iron and Steel Industry? An Exploration Using a DEA-SBM and Difference-In-Differences Approach

2021 ◽  
Author(s):  
Xiping Wang ◽  
Sujing Wang
Keyword(s):  
Steel Industry ◽  
Carbon Emission ◽  
Emission Trading ◽  
Energy Structure ◽  
Iron And Steel Industry ◽  
Low Carbon ◽  
Difference In Differences ◽  
Iron And Steel ◽  
Emission Efficiency ◽  
The Impact

Abstract As an effective tool of carbon emission reduction, emission trading has been widely used in many countries. Since 2013, China implemented carbon emission trading in seven provinces and cities, with iron and steel industry included in the first batch of pilot industries. This study attempts to explore the policy effect of emission trading on iron and steel industry in order to provide data and theoretical support for the low-carbon development of iron and steel industry as well as the optimization of carbon market. With panel data of China’s 29 provinces from 2006 to 2017, this study adopted a DEA-SBM model to measure carbon emission efficiency of China’s iron and steel industry (CEI) and a difference-in-differences (DID) method to explore the impact of emission trading on CEI. Moreover, regional heterogeneity and influencing mechanisms were further investigated, respectively. The results indicate that: (1) China's emission trading has a significant and sustained effect on carbon abatement of iron and steel industry, increasing the annual average CEI by 12.6% in pilot provinces. (2) The policy effects are heterogeneous across diverse regions. Higher impacts are found in the western and eastern regions, whereas the central region is not significant. (3) Emission trading improves CEI by stimulating technology innovation, reducing energy intensity, and adjusting energy structure. (4) Economic level and industrial structure are negatively related to CEI, while environmental governance and openness degree have no obvious impacts. Finally, according to the results and conclusions, some specific suggestions are proposed.

Sign in / Sign up

Export Citation Format

Share Document