The effect of carbon emission trading scheme on energy efficiency : Evidence from China
Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
|---|---|
| Pages (from-to) | 506-517 |
| Journal / Publication | Economic Analysis and Policy |
| Volume | 75 |
| Online published | 18 Jun 2022 |
| Publication status | Published - Sep 2022 |
Link(s)
Abstract
The COVID-19 pandemic has caused a global economic recession and even changed its development pattern. Improving energy efficiency has become one of the best choices worldwide to achieve green recovery in the post-COVID-19 era. Therefore, this study explores the effect of carbon emission trading scheme (ETS) pilots on energy efficiency by the difference-in-differences (DID) model, using panel data of 30 Chinese provinces from 2009 to 2020. The following results are obtained: (1) Carbon ETS pilots could significantly increase energy efficiency by an overall effect of 1.82%, among which technical efficiency might be improved more obviously than others; (2) The average effect of carbon ETS pilots may differ between provinces because of some economic-regional factors, being more significant in regions with a large number of employees and high wages; (3) This positive effect is transferred through industrial structure and R&D investment.
Research Area(s)
- Carbon emission trading scheme, Energy efficiency, Green recovery, Sustainable development
Citation Format(s)
The effect of carbon emission trading scheme on energy efficiency : Evidence from China. / Tan, Xiujie; Liu, Yishuang; Dong, Hanmin et al.
In: Economic Analysis and Policy, Vol. 75, 09.2022, p. 506-517.Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review
