Estimating the impacts of emissions trading scheme on low-carbon development

Estimating the impacts of emissions trading scheme on low-carbon development
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估算排放权交易制度对低碳发展的影响

DOI:
10.1016/j.jclepro.2019.117913
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发表时间:
2019-11
影响因子:
11.1
通讯作者:
Jiekuan Zhang
Jiekuan Zhang
中科院分区:
环境科学与生态学1区
文献类型:
--
作者:
Yan Zhang;Jiekuan Zhang

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作为主要的气候政策,排放交易制度(ETS)已被学者们证明对全球二氧化碳排放和能源消耗的减少具有重要影响。然而,现有的研究主要集中在ETS的模拟影响,很少有研究倾注了具体的关注,实际的影响和动态变化,这可能会导致一个模糊的理解ETS的性能。本文以中国为例,采用差分方法,从CO2排放、碳强度、能源消费和能源强度四个方面考察ETS政策对低碳发展的净动态影响。研究结果表明,碳交易制度与低碳转型之间存在一定的正相关关系。ETS政策对低碳发展的作用将随着时间的推移逐步增强。在控制了人口、国内生产总值、第二产业比重、技术水平和收入水平等变量的情况下,这些结论也是稳健的。此外,共同趋势假设和反事实检验被用来确认所进行的差异中差异模型的可靠性。研究结果对未来碳排放交易体系的政策制定具有指导意义,本文提出的研究框架也适用于全球气候政策的评估。
As the main climate policy, emissions trading scheme (ETS) has been proved by scholars to have significant impacts on carbon dioxide (CO2) emissions and energy consumption reduction worldwide. However, existing studies have focused mainly on the simulated impacts of ETS and few studies have poured specific attention into the actual impacts and their dynamical change, which may lead to an ambiguous understanding of ETS's performance. Here, taking China as the case study, this study investigated the net dynamic impacts of ETS policy on low-carbon development with respect to CO2emissions, carbon intensity, energy consumption and energy intensity using a difference-in-differences method. The findings indicate that there is a positive relationship to some extent between carbon trading system and low-carbon transformation. The effect of ETS policy on low-carbon development will gradually increase over the time. When the variables population, gross domestic product, ratio of the secondary industry, technical level, and income level are controlled, these conclusions are also robust. In addition, common trend hypothesis and counterfactual test were used to confirm the reliability of the conducted difference-in-differences models. The findings are conductive to the future ETS policy-making and the research framework proposed in this study is also applicable to the assessment of global climate policy.
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