Whether Carbon Emissions Trading Is Conducive to the Upgrading of Industrial Structure: A Quasi-natural Experiment Based on the Pilot of Carbon Emissions Trading
Whether Carbon Emissions Trading Is Conducive to the Upgrading of Industrial Structure: A Quasi-natural Experiment Based on the Pilot of Carbon Emissions Trading
CHEN Chen, GAO Ran
School of Economics, Sichuan University, Chengdu 610065, China
Abstract Under the background of China's efforts to achieve carbon peak and carbon neutralization, carbon emission trading has become a key environmental regulation policy in China. Based on the panel data of 31 provincial administrative units in China from 2000 to 2019, this paper uses the carbon emissions trading pilot launched in 2011 as a quasi-natural experiment to build a DID model to study the impact of carbon emissions trading pilot on the industrial structure. The empirical result shows that carbon emission trading is conducive to the upgrading of industrial structure, and the this conclusion turns out to be robust. The further mechanism test based on the cost channel indicates that the carbon emissions trading pilot tends to increase the operating costs of the relevant enterprises in the pilot areas, and then promotes the upgrading of the industrial structure in the pilot areas by encouraging the green technology innovation of enterprises. And the development of green finance can effectively support the promotion of carbon emissions trading pilot to the upgrading of industrial structure. At the same time, the policy effect of carbon emissions trading pilot may show heterogeneity with the degree of attention of local governments, regional resource endowment conditions, the level of marketization and the degree of development of digital economy. The research conclusion provides theoretical support for our country to promote carbon emissions trading in an all-round way from the perspective of industrial structure upgrading. We should promote and improve the construction of carbon emissions trading market, promote the optimization and upgrading of industrial structure, and speed up the green transformation of economic and social development.
CHEN Chen,GAO Ran. Whether Carbon Emissions Trading Is Conducive to the Upgrading of Industrial Structure: A Quasi-natural Experiment Based on the Pilot of Carbon Emissions Trading. Economic Survey, 2023, 40(6): 027.
2023, Vol. 40 
