Can international carbon emissions trading promote China's green product exports?
As a major policy tool to inhibit greenhouse gas emissions,international carbon emissions trading covers about 23%of global greenhouse gas emissions and affects the development pattern of global trade.This paper analyzes the impact of the establishment of the international carbon emission trading market on China's product exports and its green transformation by establishing an expanded trade gravity model at the product level.After a series of endogenous treatments and robustness tests such as overlapping difference-in-difference method,it was found that the establishment of carbon emission trading markets in various countries(regions)significantly inhibits the total export of Chinese enterprises and the export of high polluting products,and significantly promotes the export of green products of Chinese enterprises,thus driving the green transformation of Chinese enterprise product exports;The results of heterogeneity test show that compared to developing countries(regions),the es-tablishment of carbon emission trading markets in developed countries(regions)has a stronger inhibiting effect on China's high pollution product exports and a stronger driving effect on green product exports;The establishment of the international carbon emission trading market has the strongest inhibiting effect on China's electricity product exports and the most significant promoting effect on the export of clean technology products.
carbon emission tradinggreen product exportgravity modeloverlapping DID model