气候变化领域集成服务门户(CCPortal): Does carbon financial market as an environmental regulation policy tool promote regional energy conservation and emission reduction? Empirical evidence from China

CCPortal

DOI	10.1016/j.enpol.2022.112826
	Does carbon financial market as an environmental regulation policy tool promote regional energy conservation and emission reduction? Empirical evidence from China
	Gu G.; Zheng H.; Tong L.; Dai Y.
发表日期	2022
ISSN	0301-4215
卷号	163
英文摘要	Based on the panel data of prefecture-level and above cities in China, this paper uses a combination of Difference-in-Difference and trajectory balancing methods to investigate the energy conservation and emission reduction effects of the carbon financial market as an environmental regulation policy tool. The results reveal that: (1) The energy consumption per unit of Gross Domestic Product experienced a significant decline after the implementation of carbon emission trading market policy in 2013. The carbon market policy has continuous positive effects on energy conservation and emission reduction. (2) There was no significant difference in energy consumption per unit of Gross Domestic Product in pilot cities and non-pilot cities before the implementation of the carbon emission trading policy. (3) Through the specific analysis of each pilot city via trajectory balancing method, all pilot areas produced energy conservation and emission reduction effects to different degrees. The energy conservation and emission reduction effects in Tianjin and Chongqing after the policy implementation were particularly obvious. Finally, we propose that China should adhere to the carbon trading policy of "market decision and government regulation", speed up the construction of carbon financial market, implement relevant policies according to regional differences, speed up the adjustment of regional industrial structure and improve the technological innovation ability of enterprises. © 2022 Elsevier Ltd
英文关键词	Carbon financial market; Difference-in-Difference; Energy conservation and emission reduction effects; Trading policy; Trajectory balancing
语种	英语
scopus关键词	Carbon; Emission control; Energy conservation; Energy policy; Energy utilization; Environmental regulations; Financial markets; Carbon financial market; Difference-in-differences; Differences-in-differences; Energy conservation and emission reduction effect; Energy conservation and emission reductions; Pilot city; Policy tools; Reduction effects; Trading policy; Trajectory balancing; Trajectories; carbon; emission control; emissions trading; energy conservation; environmental economics; environmental policy; financial market; Gross Domestic Product; regulatory framework; China; Chongqing; Tianjin
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/256312
作者单位	Faculty of Economics and Management, Zhejiang A&F University, Yijin St, Lin'an, Zhejiang, Hangzhou, 311300, China; Zhejiang Province Key Cultivating Think Tank—Research Academy for Rural Revitalization of Zhejiang Province, Zhejiang A&F University, Yijin St, Lin'an, Zhejiang, Hangzhou, 311300, China; Institute of Carbon Neutrality, Zhejiang A&F University, Yijin St, Lin'an, Zhejiang, Hangzhou, 311300, China
推荐引用方式 GB/T 7714	Gu G.,Zheng H.,Tong L.,et al. Does carbon financial market as an environmental regulation policy tool promote regional energy conservation and emission reduction? Empirical evidence from China[J],2022,163.
APA	Gu G.,Zheng H.,Tong L.,&Dai Y..(2022).Does carbon financial market as an environmental regulation policy tool promote regional energy conservation and emission reduction? Empirical evidence from China.Energy Policy,163.
MLA	Gu G.,et al."Does carbon financial market as an environmental regulation policy tool promote regional energy conservation and emission reduction? Empirical evidence from China".Energy Policy 163(2022).