Clean energy, emission trading policy, and CO₂ emissions: Evidence from China

Abstract

This paper constructs a unique dataset of clean energy and adopts static panel models and dynamic panel specifications to explore the correlation between clean energy and CO2 emissions. Furthermore, this paper employs the interaction term of pilot areas and pilot time as the proxy of emission trading policy to examine the effect of China’s emission trading pilot on clean energy. Then, this paper conducts quasi-natural experiments on CO2 emissions. Our findings show a negative correlation between CO2 emissions and clean energy. We also find that China’s emission trading pilot has a significant impact on promoting clean energy. In addition, empirical results affirm that emission trading market pilots can help decrease CO2 emissions. Finally, we put forwards relevant policy recommendations.

Is There a Conflict between Automation and Environment? Implications of Artificial Intelligence for Carbon Emissions in China

“…By using a quasi-natural experiment for 30 provinces in China from 2004 to 2019, Guo et al [18] confirmed the effectiveness of the carbon trading policy to lower regional carbon emissions. These results were also further confirmed by Yang and Wang [19]. In addition, Guo et al [20] argued that a carbon tax is an effective means of curbing carbon emissions and preventing global climate change, and this result was also echoed by Jia and Lin [21].…”

Study on the Technological Inductive Effects of Product Information Label: Evidence From the Energy-Efficiency Labeling System in China

“…On the other hand, low and disordered standards for products have caused serious secondary pollution to the ecological environment. For example, an emission trading market pilot helps reduce carbon dioxide emissions (F. Yang & Wang, 2022).…”

“…On the other hand, low and disordered standards for products have caused serious secondary pollution to the ecological environment. For example, an emission trading market pilot helps reduce carbon dioxide emissions (F. Yang & Wang, 2022). In September 2020, President Xi Jinping announced at the 75th session of the United Nations General Assembly that China will strive to realize peaking carbon emissions by 2030 and achieve carbon neutrality by 2060.…”