气候变化领域集成服务门户(CCPortal): Analysis of emission reduction effects of carbon trading: Market mechanism or government intervention?

CCPortal

DOI	10.1016/j.spc.2022.06.016
	Analysis of emission reduction effects of carbon trading: Market mechanism or government intervention?
	Lin, Boqiang; Huang, Chenchen
发表日期	2022
ISSN	2352-5509
起始页码	28
结束页码	37
卷号	33
英文摘要	Carbon trading is a crucial policy to combat climate change and China's carbon market is considered one of the carbon markets to consider. Some studies have shown that China's carbon trading scheme promotes carbon reduction. However, others have shown that low carbon prices and poor liquidity characterize China's carbon market. How can China's carbon trading mechanism achieve the expected emission reduction when the market mechanism has not been fully established? To answer it, this article collected 30 Chinese provinces' panel data from 2005 to 2019 and explored the relationship between the implementation of carbon trading policies and carbon emission reduction through a multi-period difference-in-differences model. In addition, a series of robustness tests were performed. The results indicate that carbon trading does effectively curb carbon emissions. But this policy effect is not achieved through the market mechanism. In the pilot phase of China's carbon market, government intervention played a significant role in reducing carbon emissions. The results also suggest that the carbon trading mechanism promotes carbon emission reduction through energy consumption rather than industrial structure. This study enriches the empirical evidence of carbon trading and provides valuable references for policymakers and the construction of carbon markets.
英文关键词	Carbon trading; Carbon market; Government intervention; Multi -period difference in difference model; Carbon emission reduction
语种	英语
WOS研究方向	Green & Sustainable Science & Technology ; Environmental Studies
WOS类目	Science Citation Index Expanded (SCI-EXPANDED) ; Social Science Citation Index (SSCI)
WOS记录号	WOS:000825103500003
来源期刊	SUSTAINABLE PRODUCTION AND CONSUMPTION
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/280927
作者单位	Xiamen University
推荐引用方式 GB/T 7714	Lin, Boqiang,Huang, Chenchen. Analysis of emission reduction effects of carbon trading: Market mechanism or government intervention?[J],2022,33.
APA	Lin, Boqiang,&Huang, Chenchen.(2022).Analysis of emission reduction effects of carbon trading: Market mechanism or government intervention?.SUSTAINABLE PRODUCTION AND CONSUMPTION,33.
MLA	Lin, Boqiang,et al."Analysis of emission reduction effects of carbon trading: Market mechanism or government intervention?".SUSTAINABLE PRODUCTION AND CONSUMPTION 33(2022).