Effect of the carbon emissions trading policy on the co-benefits of carbon emissions reduction and air pollution control

Achieving the co-benefits of carbon emissions reduction and air pollution control is significant for pursuing a sustainable and low-carbon economy in China. This study applies the difference-in-differences method to explore the local and spillover impact of the carbon emissions trading policy (2011)...

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Vydané v:Energy policy Ročník 165; s. 112998
Hlavní autori: Dong, Zhaoyingzi, Xia, Chuyu, Fang, Kai, Zhang, Weiwen
Médium: Journal Article
Jazyk:English
Vydavateľské údaje: Kidlington Elsevier Ltd 01.06.2022
Elsevier Science Ltd
Predmet:
Air
Air pollution
Air pollution control
Air quality
Benefits
Carbon
Carbon emissions intensity
Carbon emissions trading Policy
Cities
Climate policy
Co-benefits
Data quality
Difference-in-differences method
Emissions control
Emissions trading
Energy policy
Environmental policy
Innovations
Location of industry
Outdoor air quality
pollution
Pollution control
Quality control
Quality management
Site selection
Spatial analysis
Spillover effect
China
Air quality
Co-benefits
Carbon emissions intensity
Difference-in-differences method
Carbon emissions trading Policy
ISSN:0301-4215, 1873-6777
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Shrnutí:Achieving the co-benefits of carbon emissions reduction and air pollution control is significant for pursuing a sustainable and low-carbon economy in China. This study applies the difference-in-differences method to explore the local and spillover impact of the carbon emissions trading policy (2011) on China's carbon emissions and air quality, based on city-level data. The results show that the carbon emissions trading policy significantly affects the co-benefits of the total carbon emissions reduction and air quality improvement. In addition to this direct effect, the carbon emissions trading policy could indirectly affect carbon emissions and air quality by changing the innovation ability of cities and location choice of local industries. Though the policy does not significantly affect the overall carbon emissions intensity in China, it is seen to be effective for Central China. Our further spatial analysis indicates that the policy increases the carbon emissions in neighboring cities, which supports the “pollution haven hypothesis.” Thus, this study contributes to the existing climate policy literature and provides a more comprehensive picture of the policy effect by integrating the co-benefits of the carbon emissions reduction and air pollution control, estimating both local and spillover effects and exploring the underlying mechanisms. •Influence of the 2011 carbon emissions trade policy in China is analyzed.•The policy indirectly affects total carbon emissions and air quality.•The policy does not significantly affect emissions intensity overall.•The policy pushes up emissions in neighboring cities.•The policy supports pollution haven hypothesis.
Bibliografia:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
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ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2022.112998