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- Title
Carbon emissions trading policy, carbon finance, and carbon emissions reduction: evidence from a quasi-natural experiment in China.
- Authors
Guo, Qianqian; Su, Zhifang; Chiao, Chaoshin
- Abstract
The purpose of this paper is to explore whether the implementation of carbon emissions trading policy (CETP) promotes carbon finance, proxied by investment and financing facilitating carbon emissions reduction (IFCER), and reduces carbon emissions. Evidence shows that first, CETP is effective in stimulating IFCER and reducing carbon emissions. Second, the effects of CETP persist over time. Third, the effects of CETP taking effect in pilot regions can spill over to non-pilot regions nearby. Fourth, the effect is more pronounced in eastern and wealthy regions. Finally, R&D and industrial upgrading have a mediating effect linking CETP to IFCER and carbon emissions.
- Subjects
CHINA; CARBON emissions; EMISSIONS trading; GREENHOUSE gas mitigation; COMMERCIAL policy; CARBON taxes; CARBON
- Publication
Economic Change & Restructuring, 2022, Vol 55, Issue 3, p1445
- ISSN
1573-9414
- Publication type
Article
- DOI
10.1007/s10644-021-09353-5