Study on the Co-Benefits of Air Pollution Control and Carbon Reduction in the Yellow River Basin: An Assessment Based on a Spatial Econometric Model

To assess the green and low-carbon development of the Yellow River Basin (YRB) in China, this study utilizes an evaluation index system based on the framework of driving force, pressure, state, impacts, response, and management, and it measured the comprehensive scores of the co-benefits of carbon reduction and air pollution control in the YRB. The global Moran index was used to analyze the spatial correlation characteristics of co-benefits, and a generalized spatial measurement model was constructed to demonstrate their spatial spillover effects. The results show that the co-benefits steadily increased every year. The co-benefits had a significant positive spatial correlation and showed a development trend of “up–down–up”. According to the spillover effect test, the economic development level, education level, and intensity of environmental regulations had significant positive effects, while the level of urbanization and foreign investment had significant negative effects. Considering these results and the aim of promoting green and low-carbon development, clear detection of the spatial spillover characteristics of the co-benefits should be prioritized, followed by an understanding of the spatial transmission mechanism of carbon and air pollutant emission and transfer. Policy recommendations are also proposed including upgrading industrial structure, focusing on the development of modern services and high-tech industry, and strictly implementing the industrial environment access system.