| Title | Rising from the ashes: Transitioning towards carbon neutrality through the pathways of circular economy agglomeration |
|---|---|
| ID_Doc | 4087 |
| Authors | Pan, HZ; Sun, YH; Wang, MH; Dong, Z; Wang, Z; Zhang, YA; Zhang, XL |
| Title | Rising from the ashes: Transitioning towards carbon neutrality through the pathways of circular economy agglomeration |
| Year | 2024 |
| Published | |
| Abstract | The study investigates the transition of circular economy (CE) implementation from individual enterprises to CE agglomeration in industrial parks and at regional levels, with a focus on its potential for driving innovation towards achieving carbon neutrality. Measurement of CE agglomeration is generated from annual firm registration records from 2010 to 2015. For city-level carbon emissions, China High-Resolution Emission Database (CHRED) from 2015 to 2019 is used. Then, structural equation modeling with a propensity score matching is employed to validate our theoretical model for the CE agglomeration pathway and its impact on city-level carbon emissions. The findings indicate that strong manufacturing agglomeration in a city promotes the agglomeration of a larger number of CE firms. Regarding the pathway towards technological transition, the accumulation of human capital in large cities is identified as a significant factor that drives CE agglomeration. The relationship between CE and carbon emissions suggests that CE agglomeration is not hindered by negative environmental externalities and is, in fact, highly effective in reducing carbon emissions at the city level. Based on these findings, it is recommended that policymakers focus on promoting high-tech employment opportunities in large cities and identify regions with high manufacturing specialization. |
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