气候变化领域集成服务门户(CCPortal): Market supervision, innovation offsets and energy efficiency: Evidence from environmental pollution liability insurance in China

CCPortal

DOI	10.1016/j.enpol.2022.113267
	Market supervision, innovation offsets and energy efficiency: Evidence from environmental pollution liability insurance in China
	Lyu, Chaofeng; Xie, Zhe; Li, Zhi
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	171 页码:10
英文摘要	With the sustained expansion of energy demand, the energy crisis gradually become the core concern of society. Improving energy efficiency (EE) is crucial for saving energy and reducing emissions while ensuring economic growth. Environmental regulation is an effective tool to improve EE and environmental quality. This study in-troduces market supervision to further explore the impact of environmental regulation on EE. Taking environ-mental pollution liability insurance (EPLI) implemented in China as a quasi-natural experiment, we construct a time-varying difference-in-differences (DID) model to investigate the impact of EPLI on EE and conduct a series of robustness tests. Results indicate that the implementation of EPLI significantly improves EE, and the results of staggered DID are consistent with our findings. Further, heterogeneity analysis shows that the effect of market supervision will be affected by marketization degree and enterprise characteristics. Mechanism analyses indicate that increasing investment is an effective way for market supervision to realize innovation offsets. The evi-dence of the new relationship between market supervision and EE in this paper will provide a new perspective to formulate policies for policymakers.
英文关键词	Market supervision; Innovation offsets; Energy efficiency; Environmental regulation; Environmental pollution liability insurance
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:000868976300008
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/272425
作者单位	Southwestern University of Finance & Economics - China; Xiamen University
推荐引用方式 GB/T 7714	Lyu, Chaofeng,Xie, Zhe,Li, Zhi. Market supervision, innovation offsets and energy efficiency: Evidence from environmental pollution liability insurance in China[J],2022,171:10.
APA	Lyu, Chaofeng,Xie, Zhe,&Li, Zhi.(2022).Market supervision, innovation offsets and energy efficiency: Evidence from environmental pollution liability insurance in China.ENERGY POLICY,171,10.
MLA	Lyu, Chaofeng,et al."Market supervision, innovation offsets and energy efficiency: Evidence from environmental pollution liability insurance in China".ENERGY POLICY 171(2022):10.