The carbon emissions trading scheme and green technology innovation in China: A new structural economics perspective

Zhou, Fengxiu; Wang, Xiaoyu

doi:10.1016/j.eap.2022.03.007

Cited by 131 publications

(55 citation statements)

References 63 publications

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“…Related literature discusses technology including R&D investment, the number of patents issued, new energy or green technology, and investment in information and communication facilities. Technological innovations oriented towards sustainable development can often reduce carbon emissions, while some innovations that do not take environmental performance into account may have an uncertain and even aggravating impact on carbon emissions (Ding et al, 2021; Zhou & Wang, 2022). Several studies have concluded that investment in research and development and technological innovation in renewable energy contributes to a reduction in carbon dioxide emissions (Amin et al, 2020; Neves et al, 2018; Qi et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China

Wen

2022

Natural Resources Forum

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The existing literature mainly focuses on the impact of information communication technologies on carbon emissions, but little attention has been paid to the role of the digital economy in transporting carbon emissions. This paper calculates the index of the digital economy through the entropy weight Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) method and constructs the panel data of 30 provinces in China from 2008 to 2017. By extending the Stochastic Impacts by Regression on Population, Affluence and Technology model, this study explores the potential linear and non‐linear relationship between digital economy and carbon emissions in the transport sector. Empirical results show that the digital economy has the alleviating effect on carbon emissions in the transportation sector, and a change in the digital economy of one unit standard deviation resulted in a 6.14% reduction in carbon emissions. In terms of sub‐regions, the digital economy has a significant negative impact on transport carbon emissions in the eastern and central regions, while it is insignificant in the western regions. This paper further investigates the threshold effect of urbanization on the relationship between the digital economy and transportation‐related carbon emissions. The digital economy accelerates the transport sector's carbon emissions in the low urbanization stage, while it reduces the carbon emissions in the high urbanization stage.

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Section: Literature Reviewmentioning

confidence: 99%

Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China

Wen

2022

Natural Resources Forum

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“…As shown in Table 7, the interaction term is positive and insignificant in the national, eastern, and central regions, and the interaction term between CETP and green technology innovation is negative in the western region (P-value < 0.01). It indicates that only in the western region, the release of CETP, enterprises will pay extra attention to the carbon emission trading market, not only to drive carbon emission reduction by the market mechanism but also to gain additional economic benefits, which causes the "inertia" of enterprises in technological innovation (Zhou and Wang, 2022). At the same time, green technology innovation requires a process, there is a time lag in generating benefits, and the process also requires significant costs, so enterprises tend to choose carbon emission trading compared to the direct economic benefits it can bring.…”

Section: Discussion Of Interaction Effect Resultsmentioning

confidence: 99%

The road to green development: How can carbon emission trading pilot policy contribute to carbon peak attainment and neutrality? Evidence from China

Lan

Zhu

2022

Front. Psychol.

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Carbon emission trading is not only a market-based instrument but also one of the government’s macro-policies, which is extremely crucial to fulfilling both carbon peak attainment and carbon neutrality goals. For this purpose, this paper adopts a 30-region dataset for the period from 2008 to 2020 in China and employs the difference-in-difference (DID) method to quantify the effect of the carbon emission trading pilot policy (CETP) on carbon emissions on the basis of introducing industrial structure upgrading and green technology innovation as moderating variables. The results show that (1) CETP has a statistically significant dampening effect on carbon emissions, while its carbon emission reduction effect follows a significant strengthening trend as the policy year of CETP implementation is delayed. (2) CETP has a significant carbon emission reduction effect. However, its effect demonstrates a gradual decrease from the eastern to the central and finally to the western regions. (3) CETP can inhibit carbon emissions depending on industrial structure upgrading to a certain extent, and this dependence is significant in the national and eastern regions but not in the central and western regions. (4) CETP’s carbon emission reduction effect is dependent on green technology innovation, which is only revealed in the western region and performs as a dampening effect in the national, eastern, and central regions, but not significantly.

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“…In December 2014, the National Development and Reform Commission of China organized the drafting and implementation of the Interim Measures for the Administration of Carbon Emissions Trading [ 41 ]. In February 2021, the “Measures for the Administration of Carbon Emissions Trading (Trial)” were implemented, which stipulates that the trading products in the national carbon emission trading (referred to as carbon trading) market are carbon emission allowances, which are mainly distributed free of charge [ 42 ], and paid distribution is introduced in due course [ 43 ]. The quota trading system has been adopted by many countries [ 44 ], such as the EU’s implementation of the Greenhouse Gas Emissions Trading Scheme (i.e., EU-ETS) [ 45 ], which is used to motivate and urge enterprises to reduce carbon emissions [ 7 , 46 ].…”

Section: Multi-agent Driving Mechanism Of Carbon Tradingmentioning

confidence: 99%

Evolutionary Game Analysis of Carbon Emission Reduction between Government and Enterprises under Carbon Quota Trading Policy

Chen

Liu

2022

IJERPH

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As one of the most efficient means of emission reduction policies, carbon quota trading has a far-reaching impact on the carbon emission reduction of enterprises. Firstly, a two-party evolutionary game model of enterprise and government and a three-party evolutionary game model of enterprise–enterprise–government are constructed based on the multi-agent driving mechanism, evolutionary game theory, scenario simulation, and other methods. Then, we conduct a series of policy simulations for carbon emission under different scenario models and various enforcement strengths. Lastly, the behavioral strategies and system evolution trajectories in enterprises and government carbon trading are comprehensively investigated. The results show that in the two-party and three-party evolutionary game models, the carbon trading behavior is affected by the joint action of the enterprise and the government. The difference in initial willingness mainly affects the speed of the subject’s convergence to the steady state. Based on this, policy suggestions are proposed, such as reducing the cost of carbon emission of enterprises, enhancing the vitality of carbon emission reduction of enterprises, and stimulating the power of government regulation and responsibility performance, which can provide suggestions for the development of the carbon market.

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The carbon emissions trading scheme and green technology innovation in China: A new structural economics perspective

Cited by 131 publications

References 63 publications

Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China

Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China

The road to green development: How can carbon emission trading pilot policy contribute to carbon peak attainment and neutrality? Evidence from China

Evolutionary Game Analysis of Carbon Emission Reduction between Government and Enterprises under Carbon Quota Trading Policy

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The carbon emissions trading scheme and green technology innovation in China: A new structural economics perspective

Cited by 131 publications

References 63 publications

Can digital economy alleviate CO2 emissions in the transport sector? Evidence from provincial panel data in China

Can digital economy alleviate CO2 emissions in the transport sector? Evidence from provincial panel data in China

The road to green development: How can carbon emission trading pilot policy contribute to carbon peak attainment and neutrality? Evidence from China

Evolutionary Game Analysis of Carbon Emission Reduction between Government and Enterprises under Carbon Quota Trading Policy

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Product

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Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China

Can digital economy alleviate CO₂ emissions in the transport sector? Evidence from provincial panel data in China