Global Green Trade,Governance of Environmental Rules and China's Path Choice
Green trade is a new driving force for economic growth,and environmental rules governance is the key to strengthening international cooperation in addressing climate change.However,the profound connection between the governance of environmental rules and global green trade has not yet been fully confirmed by theories and econometrics,particularly with regard to the endogenous driving effect of the deepening of regional environmental rules on global green trade and green transformation of countries and mechanisms.Therefore,it is necessary to conduct in-depth studies of above issues,which is of great significance for China's in-depth participation in global green governance and the improvement of domestic green development system.This paper constructs a three-dimensional database of regional environmental rules containing 14 primary indicators,125 secondary indicators and 346 specific environmental clauses,and accordingly measures 17 heterogeneity indicators characterizing the dynamic deepening of environmental rules in regional trade agreements.From the global perspective,this paper comprehensively analyzes the impacts and mechanisms of deepening governance of environmental rules on global green trade at both levels of empirical econometric test and ex-ante simulation prediction.The findings of this paper are as follows.The deepening of regional environmental rules not only facilitates the growth of green trade among member countries,but also has positive spillover effects on external countries and the entire world,and the effects show strong heterogeneity among different products,rules and countries.In terms of mechanisms,deep integration of environmental rules mainly affects global green trade through the non-discrimination effect,value chain effect and demand effect.Based on the results of the analysis,this paper further simulates the potential global trade benefits and optimal path choice under different deepening paths of China's participation in global green governance based on the analytical framework of quantitative trade theory.It finds that the upgrading of Regional Comprehensive Economic Partnership(RCEP)has the most significant promoting effect on green trade of member countries and the entire world.Moreover,as the list of green products expands,the boosting effect increases.This paper provides policy insights for China's in-depth participation in global governance and cooperation,cracking the dilemma of international public goods supply,reforming domestic green development system and enhancing green core competitiveness.First,the government need strengthen the proactive design of environmental rules and construct a"Chinese text"for regional green economic and trade cooperation.Second,China should actively lead the supply of international green public goods and pragmatically promote the construction of a new international green governance system.Third,China should broaden the scope and depth of green economy and trade cooperation,and accelerate the negotiation and upgrading of green rules in regional trade agreements.Finally,the government should improve the green development system and accelerate aligning domestic environmental rules with international high standard rules.
global green tradegovernance of environmental rulesChina's path choice
万方数据
维普
