The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Can carbon emission trading scheme achieve energy conservation and emission reduction? Evidence from the industrial sector in China
Abstract
Abstract Whether the emission trading scheme (ETS) can achieve energy conservation and emission reduction in developing countries is crucial for these countries to achieve sustainable economic and environmental development. This study investigates the energy conservation and emission reduction effects of China's carbon dioxide (CO2) ETS pilot policy implemented in 2011. Based on panel data of the two-digit industry at province level from 2005 to 2015, we adopt the difference-in-differences (DID) model to examine the effects of the CO2 ETS on energy conservation and emission reduction. The results show that the CO2 ETS decreases the energy consumption of the regulated industries in pilot areas by 22.8% and the CO2 emissions by 15.5% compared to those in nonpilot areas. Further analysis indicates that the policy effects are mainly driven by improving technical efficiency and adjusting industrial structure. In addition, we find that the CO2 ETS performs better in areas with high levels of environmental enforcement and marketization. Overall, our findings suggest that the CO2 ETS has achieved energy conservation and emission reduction effects in developing countries.
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Cites
Toward a New Conception of the Environment-Competitiveness Relationship
Porter, M. E., & Linde, C. V. D. (1995) · Journal of Economic Perspectives · doi:10.1257/jep.9.4.97 · Cited by 13,365
Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market
Calel, R., & Dechezleprêtre, A. (2016) · Review of Economics and Statistics · doi:10.1162/rest_a_00470 · Cited by 1,147
Cited by
Review of recent progress of emission trading policy in China
Huang, W., Wang, Q., Li, H., Fan, H., Qian, Y., & Klemeš, J. J. (2022) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2022.131480 · Cited by 238
Systematic review and meta-analysis of ex-post evaluations on the effectiveness of carbon pricing
Döbbeling-Hildebrandt, N., Miersch, K., Khanna, T. M., Bachelet, M., Bruns, S. B., Callaghan, M., Edenhofer, O., Flachsland, C., Forster, P. M., Kalkuhl, M., et al. (2024) · Nature Communications · doi:10.1038/s41467-024-48512-w · Cited by 164
Peng, H., Qi, S., & Cui, J. (2021) · Sustainable Production and Consumption · doi:10.1016/j.spc.2021.03.031 · Cited by 114
Does China's regional emission trading scheme lead to carbon leakage? Evidence from conglomerates
He, L.-Y., & Chen, K.-X. (2023) · Energy Policy · doi:10.1016/j.enpol.2023.113481 · Cited by 66
Hou, J., Shi, C., Fan, G., & Xu, H. (2024) · Atmospheric Pollution Research · doi:10.1016/j.apr.2024.102045 · Cited by 43
Metadata
- Authors
- Hu, Y., Ren, S., Wang, Y., & Chen, X.
- Venue
- Energy Economics
- Publisher
- Elsevier BV
- Published
- 2020-01
- Volume
- 85
- Pages
- 104590
- ISSN
- 0140-9883 (ISSN-L)
- OpenAlex
- W2990350623
- Cited by
- 620
- References
- 2
- FWCI
- 59.85
- Type
- journal article
- Language
- en
- Open access
- closed
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