Causal effects of the Tokyo emissions trading scheme on energy consumption and economic performance

Abe, Tatsuya; Arimura, Toshi H.

doi:10.1016/j.enpol.2022.113151

Cited by 7 publications

(2 citation statements)

References 18 publications

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“…We used the ratio of local general public budget expenditure to GDP as a measure [43]. (7) Pollution control input (epi). He et al [52] argued that the impact of pollution control investment on pollution reduction and carbon reduction is crucial; hence, we used the ratio of total industrial pollution investment to industrial GDP as a measure.…”

Section: Control Variablesmentioning

confidence: 99%

“…Given that the long-term contradiction between China's economic development and environmental protection has not yet been fundamentally alleviated, how can the synergistic governance effect on pollution control and carbon emission reduction be effectively promoted? Compared to the mandatory emission reduction constraints of commandand-control environmental policies, the emissions trading scheme (ETS) relies on a price mechanism to internalize the externalities of environmental pollution and it is a costeffective market-based environmental regulation tool [7,8]. Furthermore, it also poses certain reference values in terms of total scales.…”

Section: Introductionmentioning

confidence: 99%

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Killing Two Birds with One Stone or Missing One of Them? The Synergistic Governance Effect of China’s Carbon Emissions Trading Scheme on Pollution Control and Carbon Emission Reduction

Zhang

Huang

2023

Sustainability

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Faced with the dual pressure from global climate change and increasing air pollution, China has gradually clarified the adoption of market-based tools to improve the ecological environment. Based on Chinese provincial panel data from 2006 to 2020, this paper analyzes the synergistic governance effect and influence mechanism of China’s carbon emissions trading scheme (ETS) on pollution control and carbon emission reduction by using a multiperiod difference-in-differences (DID) model. The empirical results show that China’s ETS has achieved the synergistic governance effect of pollution control and carbon emission reduction. The heterogeneity analysis shows that ETS can significantly enhance the synergistic governance effect in areas with higher total factor productivity (TFP) and stronger administrative intervention. More importantly, the mechanism analysis shows that China’s ETS promotes the synergistic governance effect of pollution control and carbon emission reduction mainly through industrial structure upgrading and energy structure transformation. The effect contribution values are 22.42% and 9.40%, respectively. This study contributes to deepening the effect of the carbon emissions trading scheme and also provides a reference for the design of a unified carbon trading market in China.

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Section: Control Variablesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%