Evolution and driving factors of ocean carbon emission efficiency: A novel perspective on regional differences

Abstract

Existing studies on carbon emission efficiency seldom discuss ocean carbon emission efficiency, and few studies on ocean carbon emission efficiency hardly discuss its regional differences. To fill this research gap, this paper innovatively measures and evaluates the ocean carbon emission efficiency of 11 Chinese coastal provinces from 2001 to 2019 using the super-efficiency SBM-GML model, and empirically analyzes the dynamic link between ocean carbon emission efficiency, trade openness and financial development by constructing a PVAR model based on an endogeneity perspective. Meanwhile, another major innovation of this study is to divide China's 11 coastal provinces into two coastal areas, north and south, with the Huaihe River as the boundary, in order to investigate the regional heterogeneity of ocean carbon emission efficiency and its influencing factors. The results show that (i) China's average ocean carbon emission efficiency has improved significantly, which is mainly due to the driving effect of technological progress. (ii) China's ocean carbon emission efficiency generally presents a spatial pattern that is higher in the south and lower in the north. Technological progress is the main source of the improvement in ocean carbon emission efficiency in the two regions. (iii) Significant regional heterogeneity exists in the impact of trade openness and financial development on ocean carbon emission efficiency, that is, trade openness and financial development both promote and hinder ocean carbon emission efficiency in the southern region than in the northern region. Finally, targeted policy recommendations are proposed.