Journal
JOURNAL OF ENVIRONMENTAL MANAGEMENT
Volume 318, Issue -, Pages -Publisher
ACADEMIC PRESS LTD- ELSEVIER SCIENCE LTD
DOI: 10.1016/j.jenvman.2022.115613
Keywords
Emission trading system; Clean energy; Difference-in-differences; Propensity score matching
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Funding
- Sichuan Philosophy and Social Science Planning Project of China [SC18B080]
- SWUFE of China [KCSZ202130]
- SWUFE of China
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This study verifies the ability of environmental regulations to increase clean energy consumption by analyzing market-incentive environmental regulations. The study also finds that environmental regulations promote clean energy consumption by improving the production of enterprises.
Research on the ability of environmental regulations to achieve an innovation-offset effect by increasing clean energy use is required. This study aims to verify this by analysing the impact of market-incentive environmental regulation on enterprises' clean energy consumption. Using China's sulfur dioxide (SO2) emission trading system (ETS) for 2007 as a quasi-natural experiment, the difference-in-differences model and data obtained from the Chinese Industrial Enterprises Database and Chinese Industrial Enterprises Pollution Database were used to determine whether an ETS affects enterprises' clean energy consumption. The results show that an ETS encourages enterprises to utilise clean energy and has a significantly positive impact on enterprises' clean energy consumption. Moreover, this study finds that an ETS promotes clean energy consumption by improving the production of enterprises. This study verifies the rationality of China's SO2 ETS design.
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