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 journalpeer-review

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Detail(s)

Original languageEnglish
Pages (from-to)506-517
Journal / PublicationEconomic Analysis and Policy
Volume75
Online published18 Jun 2022
Publication statusPublished - Sep 2022

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 journalpeer-review