碳交易政策对工业碳生产率的影响及传导机制

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Abstract Based on panel data of 30 provinces from 2005 to 2017, this paper evaluated the heterogeneous impacts of carbon trading policies on industrial carbon productivity using the methods of differences-in-differences, dynamic effect analysis, and triple difference. Meanwhile, this paper adopted the multiple mediating effect model to explore the impact mechanism of carbon trading polices on industrial carbon productivity. The results show that impacted by the carbon trading policies, the carbon productivity increased by 29.2% in pilot regions when compared with non-pilot regions. The heterogeneity test shows the carbon trading polices had significant impacts on the carbon productivity in Beijing, Tianjin, Shanghai, and Hubei, while they had small impact on the carbon productivity in Guangdong and Chongqing. The mechanism analysis shows that carbon trading policies can effectively improve carbon productivity by exerting the mediating effects of environmental governance, structural optimization and technological innovation, and the mediating effect of structural optimization effect is the largest. These findings will provide policy implications for the development of China's carbon market in the future.

Key words： carbon trading policy industrial carbon productivity the difference-in-difference model multiple mediation effects model carbon peak and carbon neutrality

Received: 23 March 2021

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X196

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	REN Xiao-song
	MA Qian
	LIU Yu-jia
	ZHAO Guo-hao

Cite this article:

REN Xiao-song,MA Qian,LIU Yu-jia等. The impact of carbon trading policy on industrial carbon productivity and its transmission mechanism[J]. CHINA ENVIRONMENTAL SCIENCECE, 2021, 41(11): 5427-5437.

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http://www.zghjkx.com.cn/EN/ OR http://www.zghjkx.com.cn/EN/Y2021/V41/I11/5427

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