Study on the Impact of Carbon Emission Trading Pilot Policy on the Low-Carbon Transformation of Manufacturing Industry
Carbon emission trading system is of great significance for promoting energy conservation and emission reduction and accelerating green development.Based on the data of 30 provinces from 2007 to 2021,the combination of propensity score matching and double difference was used to explore the impact effect and mechanism of carbon trading pilot policies on the low-carbon transformation of manufacturing industry.The results show that:(1)the carbon trading pilot policy plays a significant role in promoting the low-carbon transformation of the manufacturing industry,and this conclusion is still valid after the parallel trend test,place-bo test and other robustness tests;(2)Mechanism analysis shows that the carbon trading pilot policy promotes the low-carbon transformation of the manufacturing industry by improving energy utilization efficiency;(3)Regional heterogeneity analysis shows that the effect of carbon trading pilot policies on promoting the low-car-bon transformation of manufacturing industry is most significant in the central and eastern regions,while the im-pact on the low-carbon transformation of manufacturing industry in western regions is not obvious.