Abstract
This study empirically examines the carbon emissions effect of green development. The study first constructs a green development index and then examines the green development effect on carbon dioxide (CO2) emissions. In addition, it explores the asymmetric effect and transmission mechanism in the green development–CO2 nexus. The study mainly finds that (1) green development has achieved its preliminary objectives in China during the sample period; (2) green development has a negative correlation with CO2 emissions in China, implying that by accelerating the green transition, the economy can help mitigate the greenhouse effect; (3) CO2 emissions and their determinants have significant asymmetric effects; and (4) green development affects CO2 emissions by accelerating the economic development, improving energy efficiency, and facilitating the industrial transition. Finally, the study proposes a series of policy implications such as stronger energy technical innovation and faster industrial transition for better carbon emission reduction and green development.
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