气候变化领域集成服务门户(CCPortal): Does the carbon emissions trading system reduce carbon emissions by promoting two-way FDI in developing countries? Evidence from Chinese listed companies and cities

CCPortal

DOI	10.1016/j.eneco.2023.106581
	Does the carbon emissions trading system reduce carbon emissions by promoting two-way FDI in developing countries? Evidence from Chinese listed companies and cities
	Ma, Guangcheng; Qin, Jiahong; Zhang, Yumeng
发表日期	2023
ISSN	0140-9883
EISSN	1873-6181
卷号	120
英文摘要	How developing countries can effectively promote cities' carbon emission reduction through the carbon emission trading system (ETS) is a topic worthy of attention in the global carbon reduction campaign. Policy changes in China's ETS provide a unique opportunity to measure whether ETS impacts carbon emissions through two-way FDI. Hence, this paper employs difference-in-differences (DID) method to test the causal impact of ETS pilot policy on emissions through two-way FDI. The specific results are shown below. We find that the ETS pilot policy's emission reduction policy significantly inhibited pilot cities' carbon emissions through two-way FDI. The emission reduction effect is evident in cities with higher administrative levels, better location advantages, and a higher degree of nationalization and energy demand. The mechanism test shows that ETS positively impacts urban carbon emission reduction through the scale, industrial structure, and technical effects of two-way FDI. Among them, the positive effects of technical effect and scale effect are relatively large. The conclusion of this study provides policy enlightenment for giving full play to the carbon reduction effect of the ETS policy. At the same time, it provides experience reference for other developing countries to design ETS for carbon emission control in opening to the outside world.
英文关键词	Emissions trading system; Two-way FDI; Climate policy; Developing countries; Quasi-experiment
语种	英语
WOS研究方向	Economics
WOS类目	Social Science Citation Index (SSCI)
WOS记录号	WOS:000949916000001
来源期刊	ENERGY ECONOMICS
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/281497
作者单位	Shanghai University of Finance & Economics; Shanghai University of Finance & Economics
推荐引用方式 GB/T 7714	Ma, Guangcheng,Qin, Jiahong,Zhang, Yumeng. Does the carbon emissions trading system reduce carbon emissions by promoting two-way FDI in developing countries? Evidence from Chinese listed companies and cities[J],2023,120.
APA	Ma, Guangcheng,Qin, Jiahong,&Zhang, Yumeng.(2023).Does the carbon emissions trading system reduce carbon emissions by promoting two-way FDI in developing countries? Evidence from Chinese listed companies and cities.ENERGY ECONOMICS,120.
MLA	Ma, Guangcheng,et al."Does the carbon emissions trading system reduce carbon emissions by promoting two-way FDI in developing countries? Evidence from Chinese listed companies and cities".ENERGY ECONOMICS 120(2023).