School of Low Carbon Economics, Hubei University of Economics, Wuhan, 430205, China; Center of Hubei Cooperative Innovation for Emissions Trading System, Hubei University of Economics, Wuhan, 430205, China.
Center of Hubei Cooperative Innovation for Emissions Trading System, Hubei University of Economics, Wuhan, 430205, China; Climate Change and Energy Economics Study Center, Economics and Management School, Wuhan University, Wuhan, 430000, China.
J Environ Manage. 2021 Mar 15;282:111960. doi: 10.1016/j.jenvman.2021.111960. Epub 2021 Jan 13.
Ensuring that the Belt and Road Initiative (BRI) is green and low-carbon is crucial to tackling climate change while simultaneously promoting a win-win outcome of BRI countries. In recent years, China has altered its BRI Foreign Direct Investment (FDI) portfolio by reducing investment in carbon-intensive sectors and increasing it in non-carbon-intensive sectors. Therefore, it is particularly important to assess the potential of these two types of sectors in attracting China's FDI, and to identify the major determinants of investment. In our study, the results of a stochastic frontier gravity model and inefficiency model on 2008-2017 data covering 132 countries, including 98 BRI countries, show that the potential for China's FDI in non-carbon-intensive sectors is higher than that in carbon-intensive sectors. Furthermore, the determinants of China's FDI in these two types of sectors are significantly different. The study's results can be used to inform China's investment policy, and render positive contributions to the green BRI based on location and sector information.
确保“一带一路”倡议（BRI）绿色低碳，对于应对气候变化、促进“一带一路”国家双赢具有重要意义。近年来，中国通过减少对碳密集型行业的投资、增加对非碳密集型行业的投资，调整了其“一带一路”对外直接投资（FDI）组合。因此，评估这两类行业吸引中国 FDI 的潜力，以及确定投资的主要决定因素尤为重要。在我们的研究中，基于涵盖 132 个国家（包括 98 个“一带一路”国家）的 2008-2017 年数据，应用随机前沿引力模型和无效率模型的结果表明，中国在非碳密集型行业的 FDI 潜力高于碳密集型行业。此外，这两种类型的行业中中国 FDI 的决定因素显著不同。研究结果可用于为中国的投资政策提供信息，并根据地点和部门信息为绿色“一带一路”做出积极贡献。
