Abstract
With environmental regulation as the intermediary, this paper studies the influence mechanism and mediating effect of energy price distortion on green total factor productivity. On the basis of the panel data of 30 provinces in China (except Tibet, Hong Kong, Macao, and Taiwan), the research results from the study of panel and spatial metrology show that energy price distortion has a significant negative effect on the improvement of green total factor productivity. Different environmental regulation tools have different impacts, and the impact effect of fiscal energy conservation and environmental protection expenditure is better than that of pollution punishment. The transmission effect of energy price on environmental regulation policies is different when environmental regulation is the intermediary. The increase of the degree of energy price distortion will increase the financial expenditure of energy conservation and environmental protection, while the energy factor price will increase the green total factor productivity with the increase of pollution punishment.
Highlights
China’s economy is growing at a high speed, and energy consumption is highly dependent on economic growth
As the core of green development, green total factor productivity is equivalent to green development to a certain extent. e relationship between energy issues and green development that has always been the focus of academic circles both at home and abroad mainly includes four aspects. e first is energy consumption and environmental pollution [1, 2]
Researches show that energy consumption causes environmental pollution and has a positive effect on it. e second is energy structure and environmental pollution [3, 4]. e improvement of energy structure is conducive to the improvement of environmental quality. e third is energy efficiency and environmental pollution [5, 6]
Summary
China’s economy is growing at a high speed, and energy consumption is highly dependent on economic growth. Researches show that energy consumption causes environmental pollution and has a positive effect on it. Research shows that improving energy efficiency can significantly improve China’s environmental pollution. E relevant study found that the collection of energy tax could effectively improve environmental pollution. E acquisition and allocation of China’s energy sources such as coal, oil, and natural gas are not determined by the market mechanism freely, and the resource accounting paid by the production enterprises is far lower than the administrative charges of the market equilibrium price. Because of the implementation of the planned economic system early in China, the government for a long time has regulated energy prices. Erefore, persisting in deepening the reform of the energy price mechanism is a long-term task for China as a guarantee to provide a sustained impetus for development. In recent years, the reform of marketization has been constantly promoted, unreasonable energy prices have not been able to fully reflect the supply and demand of energy as well as environmental costs. e price mechanism is difficult to play an effective role in regulating the allocation of resources in the energy market, because the unreasonable price comparison in energy products, domestic and international energy, and the phenomenon of such wholesale price difference still exist. erefore, persisting in deepening the reform of the energy price mechanism is a long-term task for China as a guarantee to provide a sustained impetus for development. is paper will analyze China’s green productivity from the perspective of energy price distortion
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