Spatial spillover effect of carbon emission trading policy on carbon emission reduction: Empirical data from transport industry in China

Li, Sujuan; Liu, Jiaguo; Wu, Juanjuan; Hu, Xiyuan

doi:10.1016/j.jclepro.2022.133529

Cited by 42 publications

(19 citation statements)

References 43 publications

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“…Meanwhile, there has been limited research on how environmental legislation affects green governance [19,20]. Some literature mainly discussed the role of regulation on regional pollution emissions and corporate innovation and confirmed the success of China's ETS in facilitating development of green technology [21][22][23], promoting carbon efficiency [24], inhibiting carbon emissions [25][26][27] and the synergistic effect on pollution reduction and economic development [28,29]. These studies have provided macro and micro evidence for the efficacy of an ETS in China.…”

Section: Introductionmentioning

confidence: 99%

The Impact of China’s ETS on Corporate Green Governance Based on the Perspective of Corporate ESG Performance

Yao

Fei

Wang

et al. 2023

IJERPH

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To achieve China’s “dual carbon” and common prosperity goals, corporate green governance is crucial. A key tool for promoting green growth is environmental legislation, particularly market-based regulation. With China’s carbon emission trading as a natural experiment, we adopt the DID method to quantitatively compare the gap between ESG performance of pilot and non-pilot carbon trading enterprises before and after policy implementation, thereby examining the impact, mechanism and optimization conditions of market-based environmental policy on corporate green governance based on panel data of China’s A-share listed companies from 2007 to 2019. In addition, PSM-DID and other methods are employed for preventing estimation bias caused by sample self-selection bias. It is found that: (1) the green governance level of pilot firms can be considerably improved by a carbon emission trading scheme (ETS); (2) the ETS primarily encourages enterprises to uphold their ESG obligations through increasing regulatory pressure from the government and corporate involvement in clean innovation; (3) enhancing regional marketization can strengthen the impact of carbon trading policy, and enterprises that are large and non-state-owned exhibit better performance with regard to green governance as a result of carbon trading policy. This paper provides practical experience for promoting corporate green governance to achieve the “dual carbon” goal based on a market mechanism from a micro perspective.

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Section: Introductionmentioning

confidence: 99%

The Impact of China’s ETS on Corporate Green Governance Based on the Perspective of Corporate ESG Performance

Yao

Fei

Wang

et al. 2023

IJERPH

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“…Finally, in order to avoid the chance of results, we used the random sampling method to regress the samples ( 73 , 74 ). Because the spatial econometric regression model requires the panel data to be balanced, this paper randomly deletes the data of 3 years and repeats it several times.…”

Section: Resultsmentioning

confidence: 99%

The impact of technological innovation on transport carbon emission efficiency in China: Spillover effect or siphon effect?

Jia

Kuang

2022

Front. Public Health

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It is currently unknown whether technological innovation will have spillover or siphon effects on transport carbon emission efficiency (TCEE). Therefore, this paper creates a spatial econometric model to explore the spatial effect of technological innovation on TCEE. Taking 30 provinces in China as examples, we find that the TCEE and the technical innovation index have similar evolution characteristics (numerical value grows, the gap widens), and that both have a spatial distribution that decreases from the eastern coast to the western inland. Further research reveals that TCEE has a considerable siphon effects in China. The siphon effect gets stronger the higher the TCEE. Although technology innovation has the potential to improve TCEE in local province, the siphon effect hinders TCEE improvement in surrounding provinces. Furthermore, heterogeneity research reveals that excessive government intervention will inhibit the promotion of technological innovation on TCEE. Greater levels of government intervention in the middle and western regions than in the eastern region have more obvious inhibitory impacts. The results demonstrate that economic growth and transport structure have played a mediating role in the process of technological innovation promoting TCEE. Regional collaboration and less local protectionism can help the government achieve the dual goals of technological innovation development and TCEE promotion.

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“…The carbon emission trading policy is for energy conservation and emission reduction. Still, excessive government intervention will lead to the failure of the carbon market mechanism, which will be detrimental to reducing carbon emissions from transportation [ 25 ]. The carbon emission reduction policy can promote the green development of enterprises, but the effect depends on the external environment.…”

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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Spatial spillover effect of carbon emission trading policy on carbon emission reduction: Empirical data from transport industry in China

Cited by 42 publications

References 43 publications

The Impact of China’s ETS on Corporate Green Governance Based on the Perspective of Corporate ESG Performance

The Impact of China’s ETS on Corporate Green Governance Based on the Perspective of Corporate ESG Performance

The impact of technological innovation on transport carbon emission efficiency in China: Spillover effect or siphon effect?

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

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