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The Impact of Carbon Emissions Trading Policy on Carbon Productivity

LIU Hongqin;ZHAO Manman;ZHANG Jian;WU Yi;School of Management and Economics, Kunming University of Science and Technology;Chongqing BODA Environmental Sci-Tech Co., Ltd.;  
Clarifying the mechanism of the effect of carbon emissions trading policies on carbon productivity is conducive to enhancing regional carbon emissions efficiency through market-based tools, thereby providing economic incentives for emitting entities to reduce carbon emissions and directing technology and capital to low-carbon development areas. Based on the data of pilot provinces and cities for carbon emissions trading from 2010—2019, combined with the data of non-pilot control group, difference-in-differences model is used to analyze the effect of carbon emissions trading policies on carbon productivity and the mechanism of impact. The results of the study found that: the implementation of carbon emissions trading policies helps to improve carbon productivity; and in terms of the mediating effect, carbon emissions trading policies achieve the improvement of carbon productivity through industrial structure optimization, and this improvement is sustained and stable.
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