How Does Carbon Trading Affect Green and Low-Carbon Development?Empirical Research Based on Multi-Period DID and Continuous DID
How carbon trading affects green low-carbon development with green total factor productivity as the core indicator needs to be empirically tested.Based on China's provincial panel data from 2005 to 2019,the multi-period DID model is used to evaluate the impact of carbon trading on green and low-carbon development and its mechanism.The results show that carbon trading promotes green and low-carbon development in the pilot areas.After a series of robustness tests such as placebo,PSM-DID,and excluding the pilot samples of energy trading,the conclusion is still valid.The implementation of carbon trading has a positive impact on energy structure optimization,industrial structure upgrading and technological progress.The increase in the proportion of green energy consumption,the improvement of high-tech industrial structure and technological progress are the main mechanisms for carbon trading to improve the level of green and low-carbon development in pilot areas.A continuous DID model is constructed to study the impact of carbon trading scale on green and low-carbon development.It is found that the expansion of carbon trading scale has a positive impact on the level of green and low-carbon development.The research conclusions provide empirical support for carbon trading to promote green and low-carbon development,and also provide valuable enlightenment for the further expansion of regional carbon market and national unified carbon market.
carbon tradinggreen and low-carbon developmentgreen total factor productivitymulti-period DIDcontinuous DID
国家科技期刊平台
NSTL
万方数据
