| Title | Towards green development: does carbon emission trading policy matter? |
|---|---|
| ID_Doc | 32717 |
| Authors | Cai, WG; Xu, FR; Lin, XW |
| Title | Towards green development: does carbon emission trading policy matter? |
| Year | 2024 |
| Published | |
| Abstract | A global consensus on reducing carbon emissions has been reached to combat climate change. The Chinese government has clearly stated that it is necessary to achieve carbon reduction, pollution reduction, green expansion, and economic growth. This paper aims to explore the complex transmission mechanisms between carbon emission trading policy (CET) and green economy efficiency (GEE). Based on the framework of "structure-conduct-performance" paradigm, the serial transmission mechanisms are analyzed. On this basic, time-varying Difference-in-Differences method and serial mediation effect model are used to investigate the effects by utilizing Chinese provincial data from 2007 to 2020. The results indicate that CET has a significantly positive effect on GEE, which is probably achieved through cleaner energy structure and subsequent promotion of innovation input. However, there is no significant serial mediation through high-end industrial structure and digital input. And advanced foreign investment structure and technology transfer also do not serially mediate the relationship between CET and GEE. This paper explores the serial transmission mechanisms between CET and GEE, which contributes to advancing "Porter hypothesis". Furthermore, this paper proposes relevant suggestions for improving the CET to enhance the efficiency is of great significance for policymakers. |
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