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作者:

Tao, Miaomiao (Tao, Miaomiao.) | Failler, Pierre (Failler, Pierre.) | Goh, Lim Thye (Goh, Lim Thye.) | Lau, Wee Yeap (Lau, Wee Yeap.) | Dong, Hanghang (Dong, Hanghang.) | Xie, Liang (Xie, Liang.)

收录:

Scopus SCIE

摘要:

The establishment of a carbon trading market is crucial for China to fulfil its carbon emission commitments through a market mechanism. As a market-based environmental regulation instrument, Emission Trading Scheme (ETS) has been attracted increasing attention worldwide, while the effect of ETS on low-carbon economy efficiency (LEE) has not been fully investigated, thus inspiring us to fulfil this research gap. Using the panel data of China's 283 selected prefecture-level cities during 2006-2017, we adopted the difference-in-differences (DID) model, propensity-score-matched DID (PSM-DID) model, and the spatial DID model to model the direct and indirect effects of China's ETS on LEE at national, regional, and local (resource-based cities with different development stages) levels. The robust results yield that ETS directly and significantly improved China's LEE at the national level. Still, the LEE in ETS pilot region will increase by approximately 4.3% compared with untreated cities, while the spatial heterogeneity of this effect is captured at regional and local levels, which emphasises the necessity of a completed market construction and classified supervision. The results of this paper provide important insights for strengthening the policy design of a nationwide carbon market, and a reference point for other regions and countries, especially developing countries, in refining a carbon trading market.

关键词:

Low-carbon economy efficiency Quasi-natural experiment Emission trading system Spatial spillover effect Spatial heterogeneity

作者机构:

  • [ 1 ] [Tao, Miaomiao]Univ Malaya, Fac Business & Econ, Dept Econ & Appl Stat, Kuala Lumpur, Malaysia
  • [ 2 ] [Goh, Lim Thye]Univ Malaya, Fac Business & Econ, Dept Econ & Appl Stat, Kuala Lumpur, Malaysia
  • [ 3 ] [Lau, Wee Yeap]Univ Malaya, Fac Business & Econ, Dept Econ & Appl Stat, Kuala Lumpur, Malaysia
  • [ 4 ] [Dong, Hanghang]Univ Malaya, Fac Business & Econ, Dept Econ & Appl Stat, Kuala Lumpur, Malaysia
  • [ 5 ] [Failler, Pierre]Univ Portsmouth, Fac Business & Law, Portsmouth, Hants, England
  • [ 6 ] [Xie, Liang]Beijing Univ Technol, Inst Recycling Econ, Dept Mat & Mfg, Beijing, Peoples R China

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来源 :

MITIGATION AND ADAPTATION STRATEGIES FOR GLOBAL CHANGE

ISSN: 1381-2386

年份: 2022

期: 6

卷: 27

4 . 0

JCR@2022

4 . 0 0 0

JCR@2022

ESI学科: ENVIRONMENT/ECOLOGY;

ESI高被引阀值:47

JCR分区:2

中科院分区:3

被引次数:

WoS核心集被引频次: 23

SCOPUS被引频次: 24

ESI高被引论文在榜: 0 展开所有

万方被引频次:

中文被引频次:

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