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.
| Original language | English |
|---|---|
| Pages (from-to) | 506-517 |
| Journal | Economic Analysis and Policy |
| Volume | 75 |
| Online published | 18 Jun 2022 |
| DOIs | |
| Publication status | Published - Sept 2022 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy -
SDG 9 Industry, Innovation, and Infrastructure -
SDG 13 Climate Action
Research Keywords
- Carbon emission trading scheme
- Energy efficiency
- Green recovery
- Sustainable development
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