The Path to Green Development: The Impact of a Carbon Emissions Trading Scheme on Enterprises’ Environmental Protection Investments

• Published in: Sustainability Vol. 15; no. 16; p. 12551
• Main Authors: Lv, Shigong, Lv, Yanying, Gao, Da, Liu, Lulu
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01.08.2023
• Subjects: Air pollution; Carbon; Clean technology; Emission standards; Emissions (Pollution); Emissions trading; Energy efficiency; Environmental impact; Environmental policy; Environmental protection; Government business enterprises; Green building (Construction); International economic relations; Literature reviews; Pilot projects; Social responsibility; Sustainability; Sustainable development; China

The Carbon Emissions Trading Scheme (CETS) is an important part of China’s environmental reform agenda, which aims to facilitate the green development of enterprises. Using data from listed companies from 2008 to 2020, this study adopts the CETS as a quasi-natural experiment. This study empirically...