Abstract
ABSTRACT Improving the quality of the ecological environment and the efficiency of green economy has become the new demands of China’s economic development. This paper takes the 2007 sulphur dioxide (SO2) emission trading pilot policy in China as a quasi-natural experiment, measures the green total factor productivity of 280 Chinese cities, and analyses the impact of emission right trading policy on urban green total factor productivity (GTFP). The results show that emission right trading policy has a significant role in improving urban GTFP. This effect differs at region, city level and economic circle. Emission right trading policy improves urban GTFP by promoting green technological innovation, improving resource allocation efficiency and optimising industrial structure. This paper shows a new perspective on cross regional and cross city emissions trading cooperation, providing policy enlightenment for deepening China’s environmental governance and promoting green and high-quality economic development.
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