Energy Rights Trading System and Urban Energy Consumption
The Energy Rights Trading System(ERT)system has injected new vitality into the energy consumption side,facilitated market-oriented transformations in energy usage,and provided a solution and experience with Chinese characteristics.The Energy Rights Trading System(ERT)provides China's program and evidence.This paper takes ERT as a quasi-natural experiment and u-ses panel data from 278 Chinese cities from 2006 to 2020 to assess the policy effects of ERT on ur-ban energy consumption.The study finds that energy consumption intensity in the pilot cities has decreased by an average of 2.5％,and energy structure green substitution has increased by an aver-age of 14.3％.The policy effect has benefited from the technological innovation effect and the indus-trial squeeze effect,but it is also affected by differences in the degree of regional de-coalization,re-source endowment and industrial attributes.Further research finds that there is a spatial spillover effect of ERT on urban energy consumption,and the radiation of policy effects is strengthened by technology and industry spillovers.The research findings provide more theoretical value and empiri-cal evidence for summarizing the effectiveness of current energy rights policies and accelerating the green transformation of urban energy.
Energy Rights Trading SystemEnergy Consumption IntensityEnergy Structure Green SubstitutionTechnological InnovationIndustrial Squeeze
万方数据
维普
