The impact of China's carbon trading policy on enterprises' energy-saving behavior
This paper mainly investigates whether emissions trading for pollutant permits more effective. By employing difference-in-differences method and a compressive firm-level dataset, we evaluate the impact of carbon trading system pilot cities policy on enterprises' energy-saving behavior. The find...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2024-01-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844024003578 |
| _version_ | 1797328690385780736 |
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| author | Qianling Zhou Xiaoyong Cui Hongfu Ni Liutang Gong Shengzhi Mao |
| author_facet | Qianling Zhou Xiaoyong Cui Hongfu Ni Liutang Gong Shengzhi Mao |
| author_sort | Qianling Zhou |
| collection | DOAJ |
| description | This paper mainly investigates whether emissions trading for pollutant permits more effective. By employing difference-in-differences method and a compressive firm-level dataset, we evaluate the impact of carbon trading system pilot cities policy on enterprises' energy-saving behavior. The findings indicate that after carbon trading system pilot cities policy, enterprises’ coal consumption and coal intensity decreased by almost 34 % and 33 % respectively. The policy effect is more pronounced for larger companies and for firms in energy-intensive sectors. Moreover, the policy effect becomes stronger over time. Our results satisfy the common trend assumption. Meanwhile, the investment in equipment and output are increased, which prove emissions marketization could bring about substantial improvements in productivity. |
| first_indexed | 2024-03-08T06:55:20Z |
| format | Article |
| id | doaj.art-c8afc6735de84c8bbbefe7dcd783fd88 |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-03-08T06:55:20Z |
| publishDate | 2024-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-c8afc6735de84c8bbbefe7dcd783fd882024-02-03T06:36:57ZengElsevierHeliyon2405-84402024-01-01102e24326The impact of China's carbon trading policy on enterprises' energy-saving behaviorQianling Zhou0Xiaoyong Cui1Hongfu Ni2Liutang Gong3Shengzhi Mao4School of Economics, Beijing Technology and Business University, Beijing, 100048, China; Corresponding author.School of Economics, Peking University, Beijing, 100871, ChinaInstitute of Economics, Chinese Academy of Social Sciences, Beijing, 100871, China; Corresponding author.Guanghua School of Management, Peking University, Beijing, 100871, China; Beijing Technology and Business University, Beijing, 100048, ChinaSchool of Economics, Southwestern University of Finance and Economics, Chengdu, 610074, ChinaThis paper mainly investigates whether emissions trading for pollutant permits more effective. By employing difference-in-differences method and a compressive firm-level dataset, we evaluate the impact of carbon trading system pilot cities policy on enterprises' energy-saving behavior. The findings indicate that after carbon trading system pilot cities policy, enterprises’ coal consumption and coal intensity decreased by almost 34 % and 33 % respectively. The policy effect is more pronounced for larger companies and for firms in energy-intensive sectors. Moreover, the policy effect becomes stronger over time. Our results satisfy the common trend assumption. Meanwhile, the investment in equipment and output are increased, which prove emissions marketization could bring about substantial improvements in productivity.http://www.sciencedirect.com/science/article/pii/S2405844024003578Carbon emissions trading policyFirm-level energy intensityDifference-in-differences method |
| spellingShingle | Qianling Zhou Xiaoyong Cui Hongfu Ni Liutang Gong Shengzhi Mao The impact of China's carbon trading policy on enterprises' energy-saving behavior Heliyon Carbon emissions trading policy Firm-level energy intensity Difference-in-differences method |
| title | The impact of China's carbon trading policy on enterprises' energy-saving behavior |
| title_full | The impact of China's carbon trading policy on enterprises' energy-saving behavior |
| title_fullStr | The impact of China's carbon trading policy on enterprises' energy-saving behavior |
| title_full_unstemmed | The impact of China's carbon trading policy on enterprises' energy-saving behavior |
| title_short | The impact of China's carbon trading policy on enterprises' energy-saving behavior |
| title_sort | impact of china s carbon trading policy on enterprises energy saving behavior |
| topic | Carbon emissions trading policy Firm-level energy intensity Difference-in-differences method |
| url | http://www.sciencedirect.com/science/article/pii/S2405844024003578 |
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