How Does Market-Oriented Environmental Regulation Affect Carbon Emission Performance? A Quasinatural Experiment Based on the Pilot Policy of Energy-Use Rights Trading

Author:

Li Yang1,Wang Xuan1,Wang Yilin2,Peng Jiachao3ORCID,Chen Shaofeng45

Affiliation:

1. Business School, Shandong Normal University, Jinan 250358, China

2. School of Foreign Languages, Nanjing University of Posts and Telecommunications, Nanjing 210023, China

3. School of Law and Business, Wuhan Institute of Technology, Wuhan 430205, China

4. Institutes of Science and Development, Chinese Academy of Sciences, Beijing 100190, China

5. School of Public Policy and Management, University of Chinese Academy of Sciences, Beijing 100049, China

Abstract

In order to evaluate the effect of market-oriented environmental management measures on regional carbon emission intensity in the pilot areas better, this paper adopts a quasinatural experiment of energy-use rights trading (EURT) policy by using the difference-in-difference method from the perspective of cities in China from 2006 to 2019. The results show that the policy of EURT can significantly reduce regional carbon emission intensity, which varies in different regions and different scales of cities. The main goal of implementing the policy is to reduce regional carbon emission intensity by improving the energy consumption structure and promoting the improvement of industrial structure and green innovation. In addition, the spatial impact of the EURT pilot project is demonstrated by its ability to not only reduce local carbon emission intensity but also decrease carbon intensity in and around the designated areas.

Funder

National Natural Science Foundation of China

Publisher

Hindawi Limited

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