首页|Investigating the role of emissions trading system in reducing enterprise energy intensity: Evidence from China

Investigating the role of emissions trading system in reducing enterprise energy intensity: Evidence from China

扫码查看
原文链接
  • NETL
  • NSTL
  • Elsevier
© 2024 Elsevier B.V.This paper provides retrospective enterprise-level evidence on the role of the emissions trading system (ETS) in reducing the energy intensity of China's high‑carbon enterprises. The empirical results indicate several key findings: First, in China's ETS pilot regions, the ETS has significantly reduced high‑carbon enterprises' energy intensity by 22.4 % during the sample period, which means ETS has indeed played an anticipated energy-saving effect in China. Second, the ETS has exerted a signal effect on high‑carbon enterprises outside the pilot regions, which suggests that the actual effectiveness of China's ETS may be higher than initially anticipated. Third, the energy-saving effect of China's ETS can be achieved through green technology innovation and digital transformation. Finally, the effect of China's ETS on energy intensity varies significantly by regional development, industry attributes, enterprise characteristics, and carbon market performance.

Difference-in-differences modelEmissions trading systemEnterprise energy intensityHigh‑carbon listed enterprisesSignal effect

Shi W.、Zhang Y.-J.、Liu J.-Y.

展开 >

Business School Hunan University||Center for Resource and Environmental Management Hunan University

Business School Hunan UniversityBusiness School Hunan UniversityBusiness School Hunan University||Center for Resource and Environmental Management Hunan University||||Institute of Energy Research Jiangxi Academy of Sciences||

2024

10.1016/j.eneco.2024.108005

Energy economics

Energy economics

ISSN：0140-9883
年,卷(期)：2024.140(Dec.)
  • 91