The Impact of Carbon Emissions Trading Pilot Policy on Industrial Structure Upgrading

Zhao, Zhaoyang; Zhou, Shuning; Wang, Siying; Wu, Te-Lin

doi:10.3390/su141710818

Cited by 17 publications

(12 citation statements)

References 40 publications

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“…The mechanism would be that ETS would increase the firm’s burden of carbon emission and may induce firms to innovate their business model from heavy emitting to less emitting, for example, from manufacturing to service industries. Such efforts would in the end change the industrial structure or industrial chain in larger scale 76 – 78 and affect the carbon emission amount.…”

Section: Discussionmentioning

confidence: 99%

“…The mechanism connecting the ETS and carbon emission reduction can also be discussed following prior studies. Previous literature has pointed out various mechanisms that drive the carbon emission reduction such as innovation, industrial structure, or industrial chain [76][77][78] . Our findings also support the previous studies.…”

Section: Discussionmentioning

confidence: 99%

“…The mechanism would be that ETS would increase the firm's burden of carbon emission and may induce firms to www.nature.com/scientificreports/ innovate their business model from heavy emitting to less emitting, for example, from manufacturing to service industries. Such efforts would in the end change the industrial structure or industrial chain in larger scale [76][77][78] and affect the carbon emission amount. Meanwhile, it is also important to realize that the policy framework should consider the sectoral, societal, and cultural aspects of each nation.…”

Section: Discussionmentioning

confidence: 99%

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Effects of emission trading scheme (ETS) on change rate of carbon emission

Jung

Song

2023

Sci Rep

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This paper investigates the effects of Emission Trading Scheme (ETS) adoption on the country-level reduction rate of carbon emission. We first used Environmental Kuznets Curve (EKC) tests to group countries into three categories: inverse U-shaped and gamma-shaped EKC for decoupled countries, and a positive linear EKC for non-decoupled countries. We then examined the effectiveness of ETS adoption. We found ETS was effective for both post-industrial and pre-industrial economies. Compared to countries that have not adopted ETS, the carbon emission reduction (increment) rate of decoupled (non-decoupled) countries that have adopted ETS is faster (slower). Furthermore, ETS adoption significantly reduces overall carbon emissions per capita compared to other global events, such as oil crises. The results imply that a market-based mechanism is an effective strategy for achieving sustainable development, thus, providing insights for policymakers and governments to design effective carbon neutrality policies to achieve sustainable development.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

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Effects of emission trading scheme (ETS) on change rate of carbon emission

Jung

Song

2023

Sci Rep

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“…In order to examine the innovative incentive effects of digital media news dissemination as influenced by public opinion pressures, this paper separately looks at the number of Guba posts and financial news of WeChat public accounts to portray the pressure of online public opinion concerns faced by companies. Firms with few Guba posts and few financial news are classified as low online opinion pressure groups according to the median per year, and firms with high Guba posts and high financial news are classified as high online opinion pressure groups, and group regression is conducted separately [22]. Table 5 reports the results of the grouped regressions based on online opinion pressure.…”

Section: Heterogeneity Analysis: Reputation Incentivementioning

confidence: 99%

Digital Media's Impact on Corporate Innovation in China's Innovation-Driven Strategy

He,

Zhao

2024

Proceedings of the 3rd International Conference on New Media Development and Modernized Education, NMDME 2023, October 13–15, 2

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Under China's national development concept of "innovation-driven development strategy", the emergence of digital media sources has overturned the traditional media landscape and information dissemination channels, which will certainly have a significant impact on corporate innovation. In this paper, we use media as a measure of Internet media information reports to examine the intrinsic mechanism of digital media information transmission affecting enterprise innovation. The study finds that digital media information dissemination significantly contributes to corporate innovation. The mechanism analysis shows that the core of digital media information dissemination for corporate innovation lies in the supervisory governance effect. This is demonstrated by the fact that digital media information dissemination helps to improve corporate governance and reduce agency conflicts. Heterogeneity analysis shows that digital media dissemination has a stronger effect on promoting innovation in firms with low information transparency and high opinion pressure, influenced by reputation incentives. This paper contributes to a deep and comprehensive understanding of the role of media in capital markets in the Internet environment and has important policy implications.

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“…For the whole country, there are threshold values for the industrial structure upgrading index and the industrial low-carbon index. Combined with the specific regression coefficient, the overall promotion effect of the industrial structure is the best when the ecological governance intensity is between 1.0017 and 1.4119, while the current average governance intensity is 0.8043, so the overall governance needs to be strengthened [31].…”

Section: The Threshold Regression Analysismentioning

confidence: 99%

The Impact of Ecological Governance on Industrial Structure Upgrading under the Dual Carbon Target

et al. 2023

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Under China’s goal of “carbon neutrality”, appropriate ecological governance is crucial for upgrading the industrial structure, and too strict or loose governance will have a negative effect. In order to find the optimal range for ecological governance efforts, the concept of the industrial low-carbon index was defined based on the comparison of industrial carbon emissions and output value. The industrial structure was measured from two dimensions: overall upgrading and internal optimization of the industry. We innovatively use multiple indicators to represent the core explanatory variables and use the coefficient of variation method to calculate them. A threshold regression model for ecological governance and industrial structure based on the above indicator system was built, using indicator data from 288 cities in China over the past 15 years for empirical analysis. The study found that (1) ecological governance has a threshold effect on the overall upgrading and internal optimization of the industrial structure, and overall efforts need to be increased for ecological governance; (2) the governance intensity for different cities needs to be determined according to their economic levels and local conditions; and (3) the industrial structure gap among cities will gradually narrow, and the overall development tends to be balanced.

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The Impact of Carbon Emissions Trading Pilot Policy on Industrial Structure Upgrading

Cited by 17 publications

References 40 publications

Effects of emission trading scheme (ETS) on change rate of carbon emission

Effects of emission trading scheme (ETS) on change rate of carbon emission

Digital Media's Impact on Corporate Innovation in China's Innovation-Driven Strategy

The Impact of Ecological Governance on Industrial Structure Upgrading under the Dual Carbon Target

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