Can carbon emission trading pilot policy drive industrial structure low-carbon restructuring: new evidence from China

Shen, Bing; Yang, Xiaodong; Ge, Wenfeng; Liu, Guangliang; Su, Xufeng; Zhao, Shikuan; Dagestani, Abd Alwahed; Ran, Qiying

doi:10.1007/s11356-023-25169-4

Cited by 56 publications

(14 citation statements)

References 110 publications

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“…Low-carbon city pilot policy can effectively reduce carbon emissions and improve the city's carbon emission reduction performance (Liu, 2022;, which relies on end-of-pipe treatment technological innovations, complemented by advances in cleaner production technology (Pan et al, 2022;Wang et al,2022). On the one hand, the end-of-pipe technology can help enterprises carry out green innovation activities (Shen et al, 2023), reduce production energy consumption (Song et al, 2020), increase the level of enterprise environmental protection investment (Cheng et al, 2019), and invest in clean energy production to realize the reduction of carbon emissions (Zeng et al, 2023). Moreover, the end-of-pipe technology can also indirectly realize carbon emission reduction by promoting the growth effect of environmental regulation (Gan et al, 2021), the industrial structure upgrading effect (Tang et al, 2023), the green technology spillover effect (Hong et al, 2021), and the industrial green transformation effect .…”

Section: Literature Reviewmentioning

confidence: 99%

Research on enterprise carbon reduction technology selection strategy under low-carbon city and smart city

Wan,

Huang,

Cui

2024

Preprint

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Low-carbon cities and smart cities are important policy tools for achieving China's "dual-carbon" goal. It is of great practical significance to explore the choice of carbon emission reduction technologies for enterprises under different pilot policies, in order to save production costs and enhance the effectiveness of enterprise emission reduction. Based on this, the study takes profit maximization as the goal, and includes only cleaner production technologies and end-of-pipe technologies in carbon emission reduction technologies, constructs a production function based on Hicks' neutral technology, and analyses the carbon reduction technology selection strategies of enterprises under the three types of pilot policies. Further, the Hansen threshold panel model is applied to verify the scientific validity of this technology selection mechanism. It is found that the selection of cleaner production technologies and end-of-pipe technologies in different pilot policies is based on the ratio of end-of-pipe technology inputs to outputs. Specifically: (1) If this ratio is at (0, 0.5), in low carbon cities, enterprises choose lower cost end-of-pipe technologies; in smart cities, enterprises lack the willingness to invest in carbon emission reduction technologies; and in dual-pilot cities, enterprises use both end-of-pipe technologies and cleaner production technologies to reduce carbon emissions. (2) If this ratio is at (0.5, 1), enterprises in all three types of pilot cities choose lower-cost source management technologies to reduce carbon. (3) The results of the heterogeneity analysis show that under the constraint of production cost, non-state-owned enterprises, old enterprises and enterprises in high-carbon industries lack the incentive to increase their investment in carbon reduction technologies. Therefore, governments at all levels should guide these three types of enterprises to enter the carbon trading market, and stimulate the initiative of low-carbon technological innovation of these three types of enterprises through policy subsidies, high-tech enterprise incubation, and the promotion of carbon emission reduction source-governance technologies, so as to ultimately achieve the decline of the total amount of carbon emissions at the smallest cost of carbon emission reduction.

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Section: Literature Reviewmentioning

confidence: 99%

Research on enterprise carbon reduction technology selection strategy under low-carbon city and smart city

Wan,

Huang,

Cui

2024

Preprint

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“…(2) Industry structure: Adjusting the industry structure is crucial in low-carbon economy development [53].…”

Section: Control Variablesmentioning

confidence: 99%

“…This study explores the potential impact of other relevant policies on the empirical results, specifically focusing on the Carbon-Trading and Low-Carbon pilot policies, which are widely believed to contribute to ECER [53,63]. To alleviate the influence of these policies and obtain regression results that are closer to reality, this study employs the approach of Feng and Nie to construct two policy variables: CARBON_TRADING and LOW_CARBON [64].…”

Section: Controlling the Impact Of Other Environmental Policiesmentioning

confidence: 99%

Green Public Finance and “Dual Control” of Carbon Emissions: New Evidence from China

Nie,

Pan,

Feng

2024

Systems

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In response to the escalating global climate change, countries are progressively adopting green public finance as a crucial instrument for achieving carbon neutrality. This study considers energy conservation and emission reduction (ECER) in demonstration cities’ construction as a natural experiment and verifies the effect of green public finance on total carbon emissions (TCEs) and carbon emission intensity (CEI) by using a difference-in-differences (DID) model with the help of the panel data of 276 Chinese cities from 2006 to 2019. The empirical results indicate that (1) the ECER policy effectively reduces CEs in the demonstration cities, resulting in a reduction of TCEs by 13.13% and CEI by 12.90%; (2) the ECER policy can help optimize energy structure, accelerate green technology innovation, and improve energy efficiency, thus promoting “dual control” of CEs; and (3) the CE reduction effect of the ECER policy is stronger in western cities, southern cities, lower-administrative-level cities, and cities with weaker financial strength, which has a typical “supporting the weak” effect. Based on this, we conclude that green public finance is conducive to promoting “dual control” of CEs. Our conclusions not only enrich the theoretical research on green public finance but also provide governments with empirical evidence to implement more effective green public finance policies and expedite carbon neutrality.

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“…Proposed policies to encourage countries to implement carbon taxes include adjusting border taxes, trade tariffs and trade bans. Adjusting border tax rates according to Shen et al [28] shows that in this case exports will be tax refunded, while imports will be taxed according to the national carbon tax rate. Schultes et al [29] also revealed that, to accommodate the carbon tax for domestic use, fuel imports would be taxed and exports would be eligible for a tax credit refund.…”

Section: Analysis Of Carbon Tax As An Alternative Policy In Reducing ...mentioning

confidence: 99%

Assessing the Role of Carbon Taxes in Driving Low-Carbon Transformations: A Comparative Analysis of Implementation Policies

Putri,

Werastuti,

Rustiarini

et al. 2024

IJSDP

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Innovations in the utilization of alternative energy sources to replace coal and oil-based production methods have a direct impact on the volume of carbon dioxide (CO2) emissions released into the atmosphere and subsequently contributing to the greenhouse effect. Addressing these negative externalities of greenhouse gas emissions is most effectively achieved through a universal global carbon tax system applied uniformly across all nations. This study seeks to explore the implementation of a carbon tax as an alternative policy for curbing carbon emissions and promoting a transition to a sustainable green economy. The research adopts a qualitative approach with a focus on comparative analysis, examining carbon tax policies across various countries in Europe, America, and Asia. Research data was primarily gathered through an extensive review of relevant literature, with a major data source being the World Bank's reports on the status and trends of carbon pricing. The study's findings underscore the efficacy of a carbon tax as a policy instrument to reduce carbon emissions. Furthermore, it has the potential to induce shifts in both household and industrial decisionmaking behaviors, leading to reduced energy consumption with high emissions. Ultimately, this policy approach can foster sustainable development and facilitate the transition to a green economy characterized by low-carbon practices, resource efficiency, and social inclusivity. These policies are instrumental in addressing environmental and social challenges, thus safeguarding the well-being of future generations.

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Can carbon emission trading pilot policy drive industrial structure low-carbon restructuring: new evidence from China

Cited by 56 publications

References 110 publications

Research on enterprise carbon reduction technology selection strategy under low-carbon city and smart city

Research on enterprise carbon reduction technology selection strategy under low-carbon city and smart city

Green Public Finance and “Dual Control” of Carbon Emissions: New Evidence from China

Assessing the Role of Carbon Taxes in Driving Low-Carbon Transformations: A Comparative Analysis of Implementation Policies

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