Abstract
The carbon emissions trading policy should be an essential factor influencing the environment and the economy, and should have a crucial impact on energy intensity. This study analyzed data for 29 regions of China from 2005 to 2020, and applied the synthetic control method to assess the impact of carbon emissions trading on energy intensity. The results show that the carbon trading policy significantly reduced energy intensity in the pilot regions. Specifically, from 2013 to 2020, carbon emissions trading decreased energy intensity in Tianjin, Shanghai, Hubei, and Chongqing by 17.92%, 29.22%, 23.89%, and 16.33%. The results of the mechanism test show that carbon emissions trading reduce energy intensity through technology improvements and industrial structure upgrading.
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