Abstract
This paper introduces the current situation of carbon trading market in China and the effect of carbon emission reduction in each region. Theoretically, it expounds the influence mechanism and spatial spillover way of carbon trading market on regional carbon emission. Next, we use the data of 30 provinces in China from 2006 to 2019 to build a continuous spatial difference in difference model (SDM-DID) to empirically study the spatial spillover effect of carbon trading market on regional emission reduction. The results are as follows: First, the implementation of the pilot policy of carbon emission trading has significantly promoted the carbon emission reduction in the pilot areas. From the perspective of impact mechanism, the implementation of carbon trading pilot policy promotes carbon emission reduction in pilot areas by promoting clean transformation of energy consumption structure, improving technology absorption capacity and stimulating development of low-carbon technologies. From the perspective of spatial spillover effect, China’s regional carbon emissions have significant spatial spillover effect, and carbon emissions trading has spatial spillover effect. From the perspective of spatial spillover, the carbon emission trading market promotes the carbon emission reduction in neighboring areas by promoting the clean transformation of energy structure in neighboring areas, improving technology absorption capacity and promoting technological progress.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
