Abstract
In the face of increasingly severe climate change and its disastrous effects, how to effectively tackle it and reduce carbon dioxide emissions has become an important global issue. Clean development mechanism (CDM) project implementation provides an opportunity for more developing countries to actively participate in global climate governance. As the largest global emitter of carbon dioxide, have China’s CDM projects slowed down carbon dioxide emissions? In order to answer this question, the study constructs panel data at the provincial level from 2000 to 2017 to investigate the emission-reduction effects of China’s CDM projects. Results showed that China’s CDM projects’ implementation significantly reduced carbon dioxide emissions per unit of gross domestic product (GDP) and the growth rate of carbon dioxide emissions. The emission reduction effects of different types of CDM projects have obvious heterogeneity. In addition, this study further found that China’s CDM projects’ implementation can not only effectively substitute traditional fossil energy, but also improve energy-utilization efficiency.
Highlights
Mechanism (CDM) ProjectAs one of the most pressing current issues, global warming is rapidly endangering human survival
The conclusions of this study provide theoretical support and practical experience for developing countries to actively participate in global climate governance, and they are conducive to the development of international clean development mechanism (CDM) projects
This study investigates the impact of CDM project implementation on carbon dioxide emissions, so CDM project implementation was the explanatory variable
Summary
As one of the most pressing current issues, global warming is rapidly endangering human survival. It has caused serious loss of economic efficiency, and brought about population migration and the loss of social welfare. In the face of this serious climate change, how to tackle it is a common global issue. Scholars almost unanimously agree that reducing greenhouse-gas emissions is the only way, and the top priority is to reduce carbon dioxide emissions, because they are the main cause of global warming. Global carbon dioxide emissions are persistently rising. According to data collected by the Carbon Dioxide Information and Analysis Center (CDIAC), in 2015, the top 10 countries and regions accounted for 69.80%
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