气候变化领域集成服务门户(CCPortal): The impact of regulatory and financial discrimination on China's low-carbon development: Considering firm heterogeneity

CCPortal

DOI	10.1016/j.accre.2020.06.002
	The impact of regulatory and financial discrimination on China's low-carbon development: Considering firm heterogeneity
	Tang W.-Q.; Meng B.; Wu L.-B.
发表日期	2020
ISSN	1674-9278
起始页码	72
结束页码	84
卷号	11 期号:2
英文摘要	Firms in China within the same industry but with different ownership and size have different production functions and face different emission regulations and financial conditions, thus can give very different responses to environmental policies. This fact has been largely ignored in most of the low-carbon development related literature. Using an augmented Chinese input–output table in which information about firm size (large- and small and medium-sized firms) and ownership (state-, foreign-, and private-owned firms) are explicitly reported, a dynamic computable general equilibrium model is developed in this study to analyze the impact of alternative low-carbon policy designs with different regulatory coverage and financial equalization on heterogeneous firms. Our simulation results show that, with the fully balanced regulation coverage and equalized financial system for heterogeneous firms, the total green investment accounts for 4% of GDP in 2030 for fulfilling China's commitment to reduce carbon emissions, which is the lowest among the various scenarios; about one-third of this investment is made by small and private firms; at the same time, green investment efficiency will be the highest, about 84% higher than that of the business-as-usual level. Therefore, a market-oriented and new technology-driven arrangement and mechanism for sharing emission reduction burden and allocating green investment across heterogeneous firms, especially to small and medium-sized firms, is crucial for China to achieve a more ambitious emission target in the long run. © 2020 National Climate Center (China Meteorological Administration)
语种	英语
来源期刊	Advances in Climate Change Research
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/168730
作者单位	CIB Research, Shanghai, 200120, China; Center for Energy Economics and Strategy Studies, Fudan University, Shanghai, 200433, China; Institute of Developing Economies – JETRO, Chiba, 2618545, Japan; Tokyo Foundation for Policy Research, Tokyo, 1066234, Japan; School of Economics, Fudan University, Shanghai, 200433, China
推荐引用方式 GB/T 7714	Tang W.-Q.,Meng B.,Wu L.-B.. The impact of regulatory and financial discrimination on China's low-carbon development: Considering firm heterogeneity[J],2020,11(2).
APA	Tang W.-Q.,Meng B.,&Wu L.-B..(2020).The impact of regulatory and financial discrimination on China's low-carbon development: Considering firm heterogeneity.Advances in Climate Change Research,11(2).
MLA	Tang W.-Q.,et al."The impact of regulatory and financial discrimination on China's low-carbon development: Considering firm heterogeneity".Advances in Climate Change Research 11.2(2020).