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The Impact of Carbon Trading Pilot Policy on Carbon Neutrality: Empirical Evidence from Chinese Cities

As one of a number of crucial policies for achieving the goal of “double carbon”, it is crucial to investigate the “carbon neutral” effect of the carbon trading market (CTM) in the pilot phase, which is an essential reference for the development of a future CTM. Based on panel data of 283 cities in...

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Detalles Bibliográficos
Autores principales: Zhang, Ke, Qian, Jing, Zhang, Zhenhua, Fang, Shijiao
Formato: Online Artículo Texto
Lenguaje:English
Publicado: MDPI 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10002227/
https://www.ncbi.nlm.nih.gov/pubmed/36901547
http://dx.doi.org/10.3390/ijerph20054537
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author Zhang, Ke
Qian, Jing
Zhang, Zhenhua
Fang, Shijiao
author_facet Zhang, Ke
Qian, Jing
Zhang, Zhenhua
Fang, Shijiao
author_sort Zhang, Ke
collection PubMed
description As one of a number of crucial policies for achieving the goal of “double carbon”, it is crucial to investigate the “carbon neutral” effect of the carbon trading market (CTM) in the pilot phase, which is an essential reference for the development of a future CTM. Based on panel data of 283 cities in China in the period from 2006 to 2017, this paper examines the impact of the Carbon Trading Pilot Policy (CTPP) on the achievement of the “carbon neutrality” target. The study shows that the CTPP market can promote an increase in regional net carbon sinks and further accelerate the achievement of the “carbon neutrality” goal. The findings of the study remain valid after a series of robustness tests. The mechanism analysis finds that the CTPP can help achieve the carbon neutrality target through three mechanisms: the effect on concern for the environment, the effect on urban governance, and the effect on energy production and consumption. Further analysis reveals that enterprises’ willingness and productive behavior, as well as the internal elements of the market, have a positive moderating effect on the achievement of the carbon neutrality target. In addition, there is heterogeneity among regions with different technological endowments, CTPP regions, and regions with different shares of state-owned assets in the CTM. This paper provides important practical references and empirical evidence that can help China to better achieve the “carbon neutrality” target.
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spelling pubmed-100022272023-03-11 The Impact of Carbon Trading Pilot Policy on Carbon Neutrality: Empirical Evidence from Chinese Cities Zhang, Ke Qian, Jing Zhang, Zhenhua Fang, Shijiao Int J Environ Res Public Health Article As one of a number of crucial policies for achieving the goal of “double carbon”, it is crucial to investigate the “carbon neutral” effect of the carbon trading market (CTM) in the pilot phase, which is an essential reference for the development of a future CTM. Based on panel data of 283 cities in China in the period from 2006 to 2017, this paper examines the impact of the Carbon Trading Pilot Policy (CTPP) on the achievement of the “carbon neutrality” target. The study shows that the CTPP market can promote an increase in regional net carbon sinks and further accelerate the achievement of the “carbon neutrality” goal. The findings of the study remain valid after a series of robustness tests. The mechanism analysis finds that the CTPP can help achieve the carbon neutrality target through three mechanisms: the effect on concern for the environment, the effect on urban governance, and the effect on energy production and consumption. Further analysis reveals that enterprises’ willingness and productive behavior, as well as the internal elements of the market, have a positive moderating effect on the achievement of the carbon neutrality target. In addition, there is heterogeneity among regions with different technological endowments, CTPP regions, and regions with different shares of state-owned assets in the CTM. This paper provides important practical references and empirical evidence that can help China to better achieve the “carbon neutrality” target. MDPI 2023-03-03 /pmc/articles/PMC10002227/ /pubmed/36901547 http://dx.doi.org/10.3390/ijerph20054537 Text en © 2023 by the authors. https://creativecommons.org/licenses/by/4.0/Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/).
spellingShingle Article
Zhang, Ke
Qian, Jing
Zhang, Zhenhua
Fang, Shijiao
The Impact of Carbon Trading Pilot Policy on Carbon Neutrality: Empirical Evidence from Chinese Cities
title The Impact of Carbon Trading Pilot Policy on Carbon Neutrality: Empirical Evidence from Chinese Cities
title_full The Impact of Carbon Trading Pilot Policy on Carbon Neutrality: Empirical Evidence from Chinese Cities
title_fullStr The Impact of Carbon Trading Pilot Policy on Carbon Neutrality: Empirical Evidence from Chinese Cities
title_full_unstemmed The Impact of Carbon Trading Pilot Policy on Carbon Neutrality: Empirical Evidence from Chinese Cities
title_short The Impact of Carbon Trading Pilot Policy on Carbon Neutrality: Empirical Evidence from Chinese Cities
title_sort impact of carbon trading pilot policy on carbon neutrality: empirical evidence from chinese cities
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10002227/
https://www.ncbi.nlm.nih.gov/pubmed/36901547
http://dx.doi.org/10.3390/ijerph20054537
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