Research on the Effects and Mechanism of Carbon Emission Trading on the Development of Green Economy in China

Based on the panel data from 2004 to 2018, this paper evaluates the effect of carbon emission trading policies launched in 2014 on the development of green economy in pilot areas by using synthetic control methods, and further studies the mechanism of the policies affecting green economy by using th...

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Bibliographic Details
Published inSustainability Vol. 14; no. 19; p. 12483
Main Authors Wang, Ling, Chen, Zhiying, Huang, Zheheng
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.10.2022
Subjects
Accounting
Carbon
Clean energy
Climate change
Consumption
Control methods
Economic activity
Economic development
Economic research
Economics
Emission analysis
Emissions
Emissions credit trading
Emissions trading
Environmental accounting
Environmental economics
Environmental impact
Environmental policy
GDP
Green economy
Green technology
Greenhouse gases
Gross Domestic Product
International agreements
Sustainability
Sustainable development
Technological change
China
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Summary:Based on the panel data from 2004 to 2018, this paper evaluates the effect of carbon emission trading policies launched in 2014 on the development of green economy in pilot areas by using synthetic control methods, and further studies the mechanism of the policies affecting green economy by using the mediating effects test. The results show that carbon emission trading has a significant effect on the green economy, which is affected by the economic base and location conditions. Technological innovation and the use of clean energy are the main mechanisms by which to promote green economy. Finally, some corresponding policy recommendations are put forward.
ISSN:2071-1050
2071-1050
DOI:10.3390/su141912483