Carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in China

The purpose of this paper is to explore whether the implementation of carbon emissions trading policy (CETP) promotes carbon finance, proxied by investment and financing facilitating carbon emissions reduction (IFCER), and reduces carbon emissions. Evidence shows that first, CETP is effective in sti...

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Detalles Bibliográficos
Autores principales: Guo, Qianqian, Su, Zhifang, Chiao, Chaoshin
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8520351/
http://dx.doi.org/10.1007/s10644-021-09353-5
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author Guo, Qianqian
Su, Zhifang
Chiao, Chaoshin
author_facet Guo, Qianqian
Su, Zhifang
Chiao, Chaoshin
author_sort Guo, Qianqian
collection PubMed
description The purpose of this paper is to explore whether the implementation of carbon emissions trading policy (CETP) promotes carbon finance, proxied by investment and financing facilitating carbon emissions reduction (IFCER), and reduces carbon emissions. Evidence shows that first, CETP is effective in stimulating IFCER and reducing carbon emissions. Second, the effects of CETP persist over time. Third, the effects of CETP taking effect in pilot regions can spill over to non-pilot regions nearby. Fourth, the effect is more pronounced in eastern and wealthy regions. Finally, R&D and industrial upgrading have a mediating effect linking CETP to IFCER and carbon emissions.
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spelling pubmed-85203512021-10-18 Carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in China Guo, Qianqian Su, Zhifang Chiao, Chaoshin Econ Change Restruct Article The purpose of this paper is to explore whether the implementation of carbon emissions trading policy (CETP) promotes carbon finance, proxied by investment and financing facilitating carbon emissions reduction (IFCER), and reduces carbon emissions. Evidence shows that first, CETP is effective in stimulating IFCER and reducing carbon emissions. Second, the effects of CETP persist over time. Third, the effects of CETP taking effect in pilot regions can spill over to non-pilot regions nearby. Fourth, the effect is more pronounced in eastern and wealthy regions. Finally, R&D and industrial upgrading have a mediating effect linking CETP to IFCER and carbon emissions. Springer US 2021-10-16 2022 /pmc/articles/PMC8520351/ http://dx.doi.org/10.1007/s10644-021-09353-5 Text en © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Article
Guo, Qianqian
Su, Zhifang
Chiao, Chaoshin
Carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in China
title Carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in China
title_full Carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in China
title_fullStr Carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in China
title_full_unstemmed Carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in China
title_short Carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in China
title_sort carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in china
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8520351/
http://dx.doi.org/10.1007/s10644-021-09353-5
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AT suzhifang carbonemissionstradingpolicycarbonfinanceandcarbonemissionsreductionevidencefromaquasinaturalexperimentinchina
AT chiaochaoshin carbonemissionstradingpolicycarbonfinanceandcarbonemissionsreductionevidencefromaquasinaturalexperimentinchina

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