The impact of low-carbon city pilot policy on the total factor productivity of listed enterprises in China

Chen, Hao; Guo, Wei; Xue, Feng; Wei, Wendong; Liu, Hanbin; Feng, Yuanyuan; Gong, Wei

doi:10.1016/j.resconrec.2021.105457

Cited by 210 publications

(68 citation statements)

References 54 publications

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“…Under this guidance, each pilot city has formulated a more operational and regional low-carbon development model, path, and policy system, which are connected with its industrial factor endowment and economic development stage. By promoting technological innovation, optimizing the industrial structure, improving energy efficiency, and reducing the proportion of industries with high energy consumption, high pollution, and high emissions, LCCP effectively takes advantage of the "positive external effects" [42]. In this way, haze pollution is significantly reduced.…”

Section: Discussion On the Benchmark Regression Resultsmentioning

confidence: 99%

“…Cheng et al [41] found that China's LCCP has a positive effect on green economic growth and has a more obvious impact on Eastern cities. Chen et al [42] utilized PSM-DID and other methods to test whether and how the low-carbon city pilot policy affects enterprise TFP, and found that low-carbon cities significantly promote an increase in the TFP of local enterprises. In addition to the economic and environmental effects resulting from the pilot policy, other benefits also provide important perspectives to evaluate the effectiveness of LCCP.…”

Section: Literature Reviewmentioning

confidence: 99%

“…As enterprises seek maximum benefits, the added cost will incentivize enterprises to enhance their creativity. Accordingly, LCCP offers a "continuous incentive" for the technological innovation of enterprises [42]. In addition, however, a major target of LCCP is to build a low-carbon scientific and technological innovation mechanism, promote production, energy conservation and environmental protection technologies through technological innovation, and apply new technologies to pollution discharge and control of enterprises.…”

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

See 2 more Smart Citations

Does Low-Carbon City Pilot Policy Alleviate Urban Haze Pollution? Empirical Evidence from a Quasi-Natural Experiment in China

Yan

Zhao

Yang

et al. 2021

IJERPH

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As a comprehensive environmental regulation, the low-carbon city pilot policy (LCCP) may have an impact on haze pollution. The evaluation of the effectiveness of LCCP on haze pollution is greatly significant for air pollution prevention and control. Taking LCCP as the starting point, in this study we constructed DID, PSM-DID, and intermediary effect models to empirically test the impact and mechanism of LCCP on haze pollution, based on the panel data of 271 cities in China from 2005 to 2018. The findings show that (1) LCCP has significantly reduced the urban haze pollution, and the average annual concentration of PM2.5 in pilot cities decreased by 14.29%. (2) LCCP can inhibit haze pollution by promoting technological innovation, upgrading the industrial structure, and reducing energy consumption. Among these impacts, the effect of technological innovation is the strongest, followed by industrial structure, and energy consumption. (3) LCCP has significantly curbed the haze pollution of non-resource dependent cities, Eastern cities, and large cities, but exerted little impact on resource-dependent cities, Central and Western regions, and small and medium-sized cities. (4) LCCP has a spatial spillover effect. It can inhibit the haze pollution of adjacent cities through demonstration and warning effects. This study enriches the relevant research on LCCP and provides empirical support and policy enlightenment for pollution reduction.

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Section: Discussion On the Benchmark Regression Resultsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Theoretical Analysis and Research Hypothesismentioning

confidence: 99%

See 1 more Smart Citation

Does Low-Carbon City Pilot Policy Alleviate Urban Haze Pollution? Empirical Evidence from a Quasi-Natural Experiment in China

Yan

Zhao

Yang

et al. 2021

IJERPH

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show abstract

“…During the 10th Five-Year Plan period, the Party Central Committee proposed the strategy of establishing a scientific outlook on the development and construction of a harmonious society (Zhuo and Deng, 2020). Moreover, the 11th Five-Year Plan further strengthened environmental protection and vigorously encouraged the development of a circular economy, and it established an assessment system and an energy conservation, consumption reduction and pollution reduction system (Chen et al, 2021;Feng et al, 2021). The emission reduction effect in the XPCC during this period demonstrated the effectiveness of the above environmental protection policies.…”

Section: Discussionmentioning

confidence: 99%

Carbon Emissions in the Xinjiang Production and Construction Corps and Driving Factors

et al. 2021

Self Cite

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Xinjiang production and Construction Corps (XPCC) is an important provincial administration in China and vigorously promotes the construction of industrialization. However, there has been little research on its emissions. This study first established the 1998-2018 XPCC subsectoral carbon emission inventory based on the Intergovernmental Panel on Climate Change (IPCC) carbon emission inventory method and adopted the logarithmic mean Divisia indexmethod (LMDI) model to analyze the driving factors. The results revealed that from 1998 to 2018, the total carbon emissions in the XPCC increased from 6.11 Mt CO2 in 1998 to 115.71 Mt CO2 in 2018. For the energy structure, raw coal, coke and industrial processes were the main contributors to carbon emissions. For industrial structure, the main emission sectors were the production and supply of electric power, steam and hot water, petroleum processing and coking, raw chemical materials and chemical products, and smelting and pressing of nonferrous metals. In addition, the economic effect was the leading factor promoting the growth of the corps carbon emissions, followed by technical and population effects. The energy structure effect was the only factor yielding a low emission reduction degree. This research provides policy recommendations for the XPCC to formulate effective carbon emission reduction measures, which is conducive to the construction of a low-carbon society. Moreover, it is of guiding significance for the development of carbon emission reduction actions for the enterprises under the corps and provides a reference value for other provincial regions.

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“…With rapid industrialization and urbanization, CO 2 emissions are gradually increasing in China (Peters et al 2020;Yang et al 2020). Given that cities have become the significant battlefields for energy saving and CO 2 emission reduction, the Chinese government launched the first batch of pilot low-carbon cities in 2010, followed by the second and third installments of pilot low-carbon cities in 2012 and 2017, respectively (Tang et al 2018b;Chen et al 2021). In this context, it is of great importance to evaluate the effects of Low-Carbon City Policy (LCCP) implementation on pilot cities' carbon emission performance along with its impacting mechanism, which can help governments to formulate appropriate environmental, economic policies and facilitate the realization of carbon emission peak targets before 2030.…”

Section: Introductionmentioning

confidence: 99%

Evaluating the CO2 abatement effects of low-carbon city policy in China: a quasi-natural experiment

Yang

et al. 2021

Energy Inform

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The formulation and implementation of Low-Carbon City Policy (LCCP) is an essential initiative for China to build its low-carbon society. Based on the panel data of 282 prefecture-level cities in China from 2003 to 2016, this study evaluates the effects of LCCP implementation on pilot cities’ carbon emission performance using difference-in-differences method, and then the mechanism has also been examined with a mediating effect model. The results show that: first, the LCCP implementation has increased the carbon emission performance of the pilot cities significantly, indicating that it is an effective way to promote the low-carbon transformation of Chinese cities. Second, the positive effects in CO2 performance resulting from LCCP demonstrate significant heterogeneity: in general, the cities in east China, with higher economic development level and in a larger size, achieve more significant CO2 emission reduction than their respective counterparts. The results on the mechanism test imply that the LCCP helps improve pilot cities’ carbon emission performance in three ways, including reducing energy consumption, updating the industrial structure, and promoting technological progress. Finally, some useful policy recommendations are put forward to promote China’s low-carbon city construction.

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The impact of low-carbon city pilot policy on the total factor productivity of listed enterprises in China

Cited by 210 publications

References 54 publications

Does Low-Carbon City Pilot Policy Alleviate Urban Haze Pollution? Empirical Evidence from a Quasi-Natural Experiment in China

Does Low-Carbon City Pilot Policy Alleviate Urban Haze Pollution? Empirical Evidence from a Quasi-Natural Experiment in China

Carbon Emissions in the Xinjiang Production and Construction Corps and Driving Factors

Evaluating the CO2 abatement effects of low-carbon city policy in China: a quasi-natural experiment

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