Research on the Effects and Mechanism of Carbon Emission Trading on the Development of Green Economy in China

Chen, Zhiying; Huang, Zheheng

doi:10.3390/su141912483

Cited by 6 publications

(3 citation statements)

References 32 publications

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“…Another example is that the improvement rate is relatively low in Beijing. At the same time, it is high in Tianjin, Hubei, and Chongqing, even though the carbon emission trading policy has significantly improved the green GDP of these cities [ 36 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Low-carbon governance, fiscal decentralization, and enterprise green development: Evidence from China

Liu,

Kuang,

Ding

et al. 2024

PLoS ONE

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Simultaneously achieving economic development and environmental protection is a shared global challenge. While the positive effect of environmental regulations on protecting the environment has been widely recognized, the attention paid to low-carbon governance and corporate green transformation remains insufficient. Based on the two-stage least square regression model (2SLS) of instrumental variables, this paper utilizes panel data from China to identify the influence mechanism of government low-carbon governance on enterprise green development. It explores the effect of low-carbon governance on enterprise green development from the perspective of fiscal decentralization. The findings show that (1) Low-carbon governance significantly promotes corporate green development, primarily through improving industrial structure and technological innovation; (2) Low-carbon governance notably promotes the green development of private enterprises but has little effect on state-owned enterprises. There are also geographical differences, and the results are better in Eastern China than in the Central and Western parts of China; (3) Fiscal decentralization at both central and local levels inhibits the effect of low-carbon governance on driving corporate green development by causing a mismatch of human resources. Therefore, to promote corporate green development, low-carbon governance must prioritize green development, actively guide industrial structural upgrading and enterprise technological innovation, implement differentiated low-carbon governance measures tailored to different ownership enterprises, and optimize the assessment indicators for fiscal decentralization. This paper helps deepen the understanding of the relationship between government low-carbon governance and enterprise green development in developing countries. It can be used as a reference for government departments to formulate relevant policies.

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Section: Literature Reviewmentioning

confidence: 99%

Low-carbon governance, fiscal decentralization, and enterprise green development: Evidence from China

Liu,

Kuang,

Ding

et al. 2024

PLoS ONE

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“…Different samples, different policies, and even different research methods produce different conclusions, or even completely opposite ones. Some scholars believe that the implementation of environmental regulation policies can stimulate enterprises to carry out technological innovation [11], optimize resource factor input [12], promote industrial transformation and upgrading [13], and thus achieve a win-win situation of environmental protection and economic growth [14]. However, some scholars hold the opposite view, arguing that environmental regulation will not necessarily stimulate enterprise innovation [15], but will bring additional costs to enterprises, squeeze production and research and development investment, reduce enterprise competitiveness, and inhibit high-quality economic development [16,17].…”

Section: Introductionmentioning

confidence: 99%

Can the Carbon Emissions Trading Pilot Policy Improve the Ecological Well-Being Performance of Cities in China?

Guo,

Ou,

et al. 2024

Sustainability

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Adhering to ecological priorities and promoting environmental regulations is essential for improving ecological well-being performance (EWP); conversely, EWP is a crucial measure of social and economic sustainability. From the perspective of high-quality development, we see China’s cities’ adoption of the carbon emissions trading pilot (CETP) policy as a quasi-natural experiment, and we use the difference-in-differences (DID) approach to analyze how market-based carbon credits affect the urban EWP and its action mechanism. The findings of the empirical study show that: (1) The implementation of CETP can effectively improve the quality of urban development, with an increase of 29.1% in the EWP value, effectively contributing to the realization of the goal of high-quality development; (2) the urban EWP levels in China are higher in the east, lower in the west and lowest in the middle, but they all show a fluctuating upward trend; (3) according to the heterogeneity study, the implementation of CETP has a scale effect and significant urban locational differences, and its impact on EWP of cities is greater in “advanced cities” and central region cities; (4) the implementation of CETP can advance industrial structure upgrading, thereby promoting the EWP level, but the mediating effect of technological innovation is not significant. The possible innovations in this paper are as follows: (1) It broadens the existing research system on the effectiveness of CETP policies. (2) It reconstructs the index system of EWP from the perspective of high-quality development so that its measurement results can reflect the quality of urban development more comprehensively. (3) The research samples of CETP and EWP are enriched by using prefectural-level data.

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“…Green nance refers to investment and nancing that provides environmental bene ts [6] and serves as a link between nance and environmental protection concepts, using the power of the nancial market to direct money toward the market for environmental protection, assisting the regional industrial economy's optimization and adjustment. The establishment of green nance pilot zones as an important GFP can both stimulate companies to adopt low-carbon remanufacturing production by increasing the cost of producing carbon [7,8], prompt them to replace traditional products with green products [9], and promote regional LCE development through technological innovation and clean energy use [10]. The growth of an LCE can be aided by the successful establishment of a green nancial market, which will also increase development sustainability [11].…”

Section: Introduction and Literature Reviewmentioning

confidence: 99%

Study on the effect of green financial policies on low-carbon economic development based on evidence from green financial reform and innovation pilot zone

Yao

Song

Xue

2023

Environ Sci Pollut Res

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Green nance is key in supporting industries' green transformation and helping achieve low-carbon economic(LCE) development. This study creates an index of low-carbon economic development with provincial panel data from 2011-2020 and analyzes the enhancement effect of green nance policies (GFP) on low-carbon economic development and mechanism analysis using a synthetic control method (SCM) based on the creation of the rst ve provinces participating in the national green nance pilot program in 2017 as a nearly natural test. The empirical ndings indicate that the implementation of GFP has a considerable bene cial effect on the growth of the LCE of Zhejiang, Jiangxi, Guangdong, and Guizhou. Meanwhile, Xinjiang's level of LCE development is not severely impacted by the pull-up effect, and both the validity and robustness tests are satis ed by all the empirical ndings. The results of the mechanism analysis indicate that making a green nancial reform and innovation pilot zone can improve the LCE development by improving the pilot zone's scienti c and technological innovation capacity. Finally, the foundation of the pilot zone for green nancial reform and innovation, and policy implications for the further development of an LCE are proposed.

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Research on the Effects and Mechanism of Carbon Emission Trading on the Development of Green Economy in China

Cited by 6 publications

References 32 publications

Low-carbon governance, fiscal decentralization, and enterprise green development: Evidence from China

Low-carbon governance, fiscal decentralization, and enterprise green development: Evidence from China

Can the Carbon Emissions Trading Pilot Policy Improve the Ecological Well-Being Performance of Cities in China?

Study on the effect of green financial policies on low-carbon economic development based on evidence from green financial reform and innovation pilot zone

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