Research Center for Energy Economic, Henan Polytechnic University, Jiaozuo 454000, China.
School of Finance and Economics, Henan Polytechnic University, Jiaozuo 454000, China.
Comput Intell Neurosci. 2022 Apr 15;2022:5280900. doi: 10.1155/2022/5280900. eCollection 2022.
As a market means to control nongreen behaviors of firms, the most expected incentive effect of the carbon emission trading system (CETS) is to achieve the dual economic and environmental effects. As a typical developing country, whether China's CETS has a positive incentive effect is significant to controlling greenhouse gas. Based on the quasinatural experiment of China's pilot policy on CETS in 2013, this study investigates its emission reduction and economic benefits using the difference-in-difference (DID) method. Then, the realization mechanism of CETS's incentive benefits is reversely studied with the idea that goals generate behavior. The results show that the following: (a) China's CETS has produced positive incentive effects of promoting both economic and emission reduction benefits. Furthermore, the results are still valid after using the instrumental variable to overcome the endogenous problem, placebo tests to eliminate sampling bias, and a series of robustness tests. (b) Further analysis shows that firms can choose to improve technology innovation and energy efficiency to get the positive incentive effects of CETS. (c) The incentive effects of CETS also have regional heterogeneity. The emission reduction and economic benefits are greater in provinces with deficient resource endowments and strict environmental law enforcement.
作为控制企业非绿色行为的市场手段，碳排放交易体系（ETS）最期望的激励效应是实现双重的经济和环境效果。作为一个典型的发展中国家，中国的 ETS 是否具有积极的激励效应，对于控制温室气体排放意义重大。基于中国 2013 年 ETS 试点政策的准自然实验，本研究采用双重差分（DID）方法，调查了其减排和经济效益。然后，基于目标产生行为的理念，反向研究了 ETS 激励效益的实现机制。结果表明：（a）中国的 ETS 产生了积极的激励效应，促进了经济和减排效益的提高。此外，在使用工具变量克服内生性问题、安慰剂检验消除抽样偏差以及一系列稳健性检验后，结果仍然有效。（b）进一步分析表明，企业可以选择提高技术创新和能源效率，以获得 ETS 的积极激励效应。（c）ETS 的激励效应也具有区域异质性，在资源禀赋不足和环境执法严格的省份，减排和经济效益更大。
