The nexuses between energy investments, technological innovations, emission taxes, and carbon emissions in China

This paper aims to analyze the impacts of emission taxes, investments in the energy sector, expenditure on research and development, technological innovation, and tertiary sector development on the Chinese provincial carbon dioxide emission figures between 1995 and 2019. The econometric analysis inv...

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Vydáno v:Energy policy Ročník 155; s. 112345
Hlavní autoři: Ma, Qiang, Murshed, Muntasir, Khan, Zeeshan
Médium: Journal Article
Jazyk:angličtina
Vydáno: Kidlington Elsevier Ltd 01.08.2021
Elsevier Science Ltd
Témata:
Aggravation
carbon
Carbon dioxide
Carbon dioxide emissions
Carbon-neutrality
China
CO2 emissions
Dependency
Econometrics
Emission analysis
Emissions
energy
Energy consumption
Energy development
Energy industry
Energy policy
Environmental tax
Expenditures
Heterogeneity
Innovations
Investments
Pollution abatement
R&D
Renewable energy
renewable energy sources
Renewable resources
Research & development
Research and development
Taxation
Taxes
Technological change
Technological innovation
technology
tertiary sector
China
Technological innovation
Renewable energy
Carbon-neutrality
CO2 emissions
China
Research and development
ISSN:0301-4215, 1873-6777
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Shrnutí:This paper aims to analyze the impacts of emission taxes, investments in the energy sector, expenditure on research and development, technological innovation, and tertiary sector development on the Chinese provincial carbon dioxide emission figures between 1995 and 2019. The econometric analysis involved the application of the latest methods which can simultaneously account for cross-sectional dependency, slope heterogeneity, and structural break issues in the data. The overall findings revealed that provincial growth and tertiary sector development were responsible for the aggravation of the carbon dioxide emission trends in China. In contrast, higher energy investments, technological innovation, renewable energy use, expenditure on research and development, and carbon emission taxes are found to abate carbon dioxide emissions and, therefore, facilitate the carbon-abatement agenda of China. Besides, the findings also revealed emission taxes, investment in research and development, technological innovation, and renewable energy use jointly reduce carbon dioxide emissions further. In line with these abovementioned findings, several policy-level recommendations are put forward. •The macroeconomic determinants of China's carbon-neutrality target are examined.•Energy investment, technological innovation, and renewable energy reduce CO2.•R&D expenditure and emission taxes reduce CO2.•Provincial growth and tertiary sector development boost CO2.•R&D expenditure, Renewable energy and technological innovation jointly reduce CO2.
Bibliografie:ObjectType-Article-1
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ISSN:0301-4215
1873-6777
DOI:10.1016/j.enpol.2021.112345