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
On-line přístup:	Získat plný text
Tagy:	Přidat tag Žádné tagy, Buďte první, kdo vytvoří štítek k tomuto záznamu!

Abstract	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.
AbstractList	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. 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.
ArticleNumber	112345
Author	Ma, Qiang Murshed, Muntasir Khan, Zeeshan
Author_xml	– sequence: 1 givenname: Qiang surname: Ma fullname: Ma, Qiang email: maqiang@lnpu.edu.cn organization: School of Economics and Management, Liaoning Petrochemical University, 113001, China – sequence: 2 givenname: Muntasir orcidid: 0000-0001-9872-8742 surname: Murshed fullname: Murshed, Muntasir email: muntasir.murshed@northsouth.edu organization: School of Business and Economics, North South University, Dhaka, Bangladesh – sequence: 3 givenname: Zeeshan surname: Khan fullname: Khan, Zeeshan email: Zeeshan.17@sem.tsinghua.edu.cn, zee8447@gmail.com organization: School of Economics and Management (SEM), Tsinghua University, Beijing, China
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SubjectTerms	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
Title	The nexuses between energy investments, technological innovations, emission taxes, and carbon emissions in China
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