New Infrastructure Effect on Energy Saving—Microscopic Evidence from the UHV Transmission Projects Construction
We investigate the impact of new infrastructure-the ultra high voltage(UHV)power transmission project-on the energy saving of firms.Using the national tax survey data,we find that the UHV construction reduced the total and intensity of energy consumption by about 5.8%and 9.0%.Two channels are tested,namely the scale economy effect and the structure optimization effect,and they are different in the exporting and importing places.Further analysis shows that the project can effectively cor-rect the problems of"mismatch"and"short board"in the energy industry,promoting the unification of the national energy market.
new infrastructure constructionenergy savingUHV transmission projects