气候变化领域集成服务门户(CCPortal): Factors behind CO2 emission reduction in Chinese heavy industries: Do environmental regulations matter?

CCPortal

DOI	10.1016/j.enpol.2020.111765
	Factors behind CO2 emission reduction in Chinese heavy industries: Do environmental regulations matter?
	Ouyang X.; Fang X.; Cao Y.; Sun C.
发表日期	2020
ISSN	03014215
卷号	145
英文摘要	As the most energy intensive industries, heavy industries are decisive for the realization of energy saving and emission reduction commitments. This study investigates factors behind CO2 emissions mitigation in China's heavy industries based on the system generalized method of moments (SYS-GMM) model. Results indicate that industrial structure (IS), fixed asset investment (F) and historical emissions are drivers for sectoral CO2 emission increase, while energy efficiency (EE) is a key factor for carbon emissions reduction. In order to further explore the effect of environmental regulations, we treat 2011 mandatory emission trading scheme (ETS) in high energy-consuming industries as a quasi-natural experiment, and conduct a Propensity Score Matching and Difference-in-Difference (PSM-DID) approach to analyze the policy effect. We find that the implementation of the mandatory emission reduction policy can reduce CO2 emissions of heavy industries, and the results are robust by testing the randomness of the policies. The policy implications are put forward to optimizing industrial structure and enhancing the environmental regulations in China's heavy industries. © 2020 Elsevier Ltd
关键词	CO2 emissions Difference-in-Difference Environmental regulations Heavy industries Propensity score matching SYS-GMM
英文关键词	Carbon dioxide; Emission control; Energy efficiency; Investments; Method of moments; Public policy; Carbon emissions reductions; Difference-in-differences; Emission reduction policies; Emission trading scheme; Energy intensive industries; Energy saving and emission reductions; Generalized method of moments; Propensity score matching; Environmental regulations; carbon dioxide; carbon emission; emission control; emissions trading; energy efficiency; environmental protection; industrial structure; investment; manufacturing; regression analysis; China
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204810
作者单位	Faculty of Education, East China Normal University, Shanghai, 200062, China; School of Economics, Faculty of Economics and Management, East China Normal University, Shanghai, 200062, China; Institute of National Economics, School of Economics, Southwestern University of Finance and Economics, Chengdu, 611130, China; China Center for Energy Economics Research, School of Economics, Xiamen University, Xiamen, Fujian 361005, China; MOE Key Laboratory of Econometrics, School of Economics, Xiamen University, Xiamen, 361005, China
推荐引用方式 GB/T 7714	Ouyang X.,Fang X.,Cao Y.,et al. Factors behind CO2 emission reduction in Chinese heavy industries: Do environmental regulations matter?[J],2020,145.
APA	Ouyang X.,Fang X.,Cao Y.,&Sun C..(2020).Factors behind CO2 emission reduction in Chinese heavy industries: Do environmental regulations matter?.Energy Policy,145.
MLA	Ouyang X.,et al."Factors behind CO2 emission reduction in Chinese heavy industries: Do environmental regulations matter?".Energy Policy 145(2020).