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DOI | 10.1038/s41467-019-12213-6 |
Low-carbon innovation induced by emissions trading in China | |
Zhu, Junming1; Fan, Yichun2; Deng, Xinghua3; Xue, Lan1 | |
发表日期 | 2019 |
ISSN | 2041-1723 |
卷号 | 10 |
英文摘要 | Emissions trading scheme (ETS) has been adopted by an increasing number of countries and regions for carbon mitigation, but its actual effect depends on specific program design and institutional context. Before launching the world largest ETS, China experimented with seven independent regional pilots, whose effects are only indirectly explored. Here we provide firm-level evidence of the innovation effect directly from China's pilot emissions trading, based on latest patenting information and a quasi-experimental design. China's pilots increase low-carbon innovation of ETS firms by 5-10% without crowding out their other technology innovation. The increase from ETS firms accounts for about 1% increase of the regional low-carbon patents, while a similar increase from large non-ETS firms is also induced by the ETS. Most importantly, the effect is not associated with permit price, auction, or firm characteristics, but is driven by mass-based allowance allocation. A rate-based approach, however, is adopted by China's national market. |
WOS研究方向 | Science & Technology - Other Topics |
来源期刊 | NATURE COMMUNICATIONS
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文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/102806 |
作者单位 | 1.Tsinghua Univ, Sch Publ Policy & Management, Beijing 100084, Peoples R China; 2.MIT, Dept Urban Studies & Planning, Cambridge, MA 02139 USA; 3.Southwestern Univ Finance & Econ, Sch Int Business, Chengdu 611130, Sichuan, Peoples R China |
推荐引用方式 GB/T 7714 | Zhu, Junming,Fan, Yichun,Deng, Xinghua,et al. Low-carbon innovation induced by emissions trading in China[J],2019,10. |
APA | Zhu, Junming,Fan, Yichun,Deng, Xinghua,&Xue, Lan.(2019).Low-carbon innovation induced by emissions trading in China.NATURE COMMUNICATIONS,10. |
MLA | Zhu, Junming,et al."Low-carbon innovation induced by emissions trading in China".NATURE COMMUNICATIONS 10(2019). |
条目包含的文件 | 条目无相关文件。 |
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