Tax Policies of Low Carbon in China: Effectiveness Evaluation, System Design and Prospects

Feng, Pingfa; Lu, Hongyuan; Li, Wei; Wang, Xinyu

doi:10.3389/fenvs.2022.953512

Cited by 8 publications

(3 citation statements)

References 29 publications

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“…Concerning financial tools, financial institutions do not provide enough credit support to low-carbon enterprises in Liaoning Province for several reasons: Firstly, the waiting period for the profitability of enterprises producing new energy-saving products is long [27], and the enterprises may end up with no profit or even a loss, which leads to the commercial banks and other institutions not daring to take the risk of approving loans for the lowcarbon enterprises; secondly, the current financial policy in Liaoning Province does not provide for tracking and supervision of low-carbon credit, which leads to the financial institutions not being able to obtain sufficient information in a timely manner to find a quick solution to the problem once the enterprise is not operating well. Thirdly, there are few financial institutions in Liaoning Province, and the financial products are too simple, which leads to the situation that the capital scale of financial institutions in Liaoning Province is not enough to cope with the strong demand for loans from the low-carbon industries.…”

Section: The Policy Toolsmentioning

confidence: 99%

The Inhibition and Equilibrium of Policy Effectiveness of the Low-Carbon Economy: Evidence from Liaoning Province of China

Chen

Shi

2023

IJERPH

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Excessive emissions of carbon dioxide and other greenhouse gases have seriously affected the ecological environment, public health, and the normal operation of the social economy, and the development of the low-carbon economy has become an international consensus. The policy norms are one of the important factors affecting the development of the low-carbon economy; however, the implementation of low-carbon economic policy in many countries has been inhibited. This study chose Liaoning Province of China for the case study, and the policy system, the policy tools, the administrative system, the low-carbon technology, and the low-carbon concept are found to be factors that led to the inhibition of the policy effectiveness of the low-carbon economy in Liaoning Province. We applied the modified Schweller Neoclassical Realist Theory to establish a multi-factor linkage model to demonstrate the overall relationship among various variables. The results show that the equilibrium of policy effectiveness of the low-carbon economy in Liaoning Province depends on different permutations of variables. We also discussed the problems of the policy system, the policy tools, the administrative system, the low-carbon technology, and the low-carbon concept that lead to policy effectiveness inhibition, and used the economic method to set a special mathematical model for maximizing the equilibrium of policy effectiveness of the low-carbon economy in Liaoning Province. In response to the problems of the above factors, strategies to promote the development of the low-carbon economy in Liaoning Province are proposed. This study enriches the research on the policy effectiveness of the low-carbon economy in China and provides some inspiration for the goal of carbon neutrality and other developing countries with high carbon emissions.

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Section: The Policy Toolsmentioning

confidence: 99%

The Inhibition and Equilibrium of Policy Effectiveness of the Low-Carbon Economy: Evidence from Liaoning Province of China

Chen

Shi

2023

IJERPH

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“…Scholars in China, however, shifted from the national to the regional level due to significant regional differences. They discovered that the carbon tax effect is related to local economic development [ 25 ] and that it will cause greater economic losses in underdeveloped regions while benefiting developed regions [ 26 ]. Second, carbon emissions trading supplements the surplus and deficit, and regional cooperation and emission reduction are realized through a market-oriented approach.…”

Section: Literature Reviewmentioning

confidence: 99%

Factors Influencing Intergovernmental Cooperation on Emission Reduction in Chengdu-Chongqing Urban Agglomeration: An Evolutionary Game Theory Perspective

Liu

Meng

Huang

et al. 2022

IJERPH

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In this study, we introduced the realistic problem of a dynamic carbon tax, built several evolutionary game models for cooperative emission reduction by local governments, and determined the factors that influence governments’ willingness to cooperate in emission reduction. The findings revealed that, first, the probability of governments opting for cooperative emission reduction strategies increases at different rates depending on the benefits and costs of cooperation. Second, externalities influence governments’ willingness to cooperate in emission reduction during cooperative carbon emission reduction. Furthermore, the emergence of a free-riding situation reduces the effectiveness of intergovernmental cooperation in reducing carbon emissions. Third, carbon tax policy can influence the likelihood that local governments will choose cooperative emission reduction, and different carbon tax sizes have different effects on their willingness to choose cooperative emission reduction.

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“…Therefore, they proposed that under certain conditions, environmental taxes will not negatively impact enterprises (Adamou et al, 2012;Liu et al, 2022). Feng et al (2022) proved the existence of a double dividend effect in China under the low-carbon tax policy. Moreover, Atif et al (2022) suggested that technology innovation input can play a moderating role in reducing the negative environmental consequences associated with the consumption of natural resources by analyzing subsamples from developing countries (Zhu et al, 2020b).…”

Section: Introductionmentioning

confidence: 99%

The impact of environmental taxes on economic benefits and technology innovation input of heavily polluting industries in China

Wang

Zhu

Wang

et al. 2022

Front. Environ. Sci.

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This paper defined heavily polluting enterprises as the treatment group based on relevant data on the listed companies in the 5 years from 2016 to 2020. Companies other than the heavily polluting enterprises were defined as the control group. An empirical analysis applying the double-difference technique was performed to assess the impact of China’s environmental tax on the economic performance and technological innovation input of industries that pollute heavily. The findings demonstrated an increased positive effects of environmental taxes on the economic performance and technology innovation input of heavily polluting industries since the inception of the environmental tax in China. As some enterprises in heavily polluting industries are under increased financial pressure owing to green upgrades and the low environmental tax rate in some regions, recommendations are presented to improve the environmental regulation system, adapt environmental taxes to local conditions, and strengthen the implementation and supervision of environmental taxes through big data technology.

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Tax Policies of Low Carbon in China: Effectiveness Evaluation, System Design and Prospects

Cited by 8 publications

References 29 publications

The Inhibition and Equilibrium of Policy Effectiveness of the Low-Carbon Economy: Evidence from Liaoning Province of China

The Inhibition and Equilibrium of Policy Effectiveness of the Low-Carbon Economy: Evidence from Liaoning Province of China

Factors Influencing Intergovernmental Cooperation on Emission Reduction in Chengdu-Chongqing Urban Agglomeration: An Evolutionary Game Theory Perspective

The impact of environmental taxes on economic benefits and technology innovation input of heavily polluting industries in China

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