气候变化领域集成服务门户(CCPortal): Does China?s regional emission trading scheme lead to carbon leakage? Evidence from conglomerates

CCPortal

DOI	10.1016/j.enpol.2023.113481
	Does China?s regional emission trading scheme lead to carbon leakage? Evidence from conglomerates
	He, Ling-Yun; Chen, Kun-Xian
发表日期	2023
ISSN	0301-4215
EISSN	1873-6777
卷号	175 页码:11
英文摘要	This study uses the list of ETS pilot firms and China's Administrative Registration Database to build the conglomerate of pilot firms and then uses China's National Tax Survey Data from 2009 to 2016 to analyze whether ETS leads to carbon leakage in conglomerates. The results show that ETS promotes carbon transfer from pilot firms to their production-connected firms, carbon emissions and emission intensity of production-connected firms have been significantly improved. After controlling cofounding policies, conducting placebo test and other robustness analysis, the results are still valid. The ways of carbon leakage include output, investment, labor, and energy consumption. Investment transfer occurs at the policy issue stage, and pilot firms tend to transfer production activities with higher energy intensity. Heterogeneity analyses find that the carbon leakage caused by ETS is transferred to regions with low environmental regulations and low labor costs. In further analysis, we verify no negative carbon leakage and compare the carbon emission reduction of EST to pilot firms with the carbon leakage of EST to production-connected firms, though ETS can reduce carbon emissions, its effect is far overestimated.
英文关键词	Carbon emission trading; Carbon leakage; Conglomerate; PSM-DID
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000944528800001
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/272334
作者单位	Jinan University; Jinan University
推荐引用方式 GB/T 7714	He, Ling-Yun,Chen, Kun-Xian. Does China?s regional emission trading scheme lead to carbon leakage? Evidence from conglomerates[J],2023,175:11.
APA	He, Ling-Yun,&Chen, Kun-Xian.(2023).Does China?s regional emission trading scheme lead to carbon leakage? Evidence from conglomerates.ENERGY POLICY,175,11.
MLA	He, Ling-Yun,et al."Does China?s regional emission trading scheme lead to carbon leakage? Evidence from conglomerates".ENERGY POLICY 175(2023):11.