Does energy-consuming right trading policy achieve a low-carbon transition of the energy structure? A quasi-natural experiment from China
IntroductionThe implementation of energy-consuming right trading (ECRT) policy in 2017 is a major measure to promote the construction of ecological civilization and green development, which also aligns with the global trend towards sustainable energy management and carbon emission reduction.MethodsB...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2025-01-01
|
| Series: | Frontiers in Environmental Science |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2024.1502860/full |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850280787910328320 |
|---|---|
| author | Ye Chen Bin Zhong Bingnan Guo |
| author_facet | Ye Chen Bin Zhong Bingnan Guo |
| author_sort | Ye Chen |
| collection | DOAJ |
| description | IntroductionThe implementation of energy-consuming right trading (ECRT) policy in 2017 is a major measure to promote the construction of ecological civilization and green development, which also aligns with the global trend towards sustainable energy management and carbon emission reduction.MethodsBased on energy consumption data in China from 2010 to 2021, this paper utilizes the Difference-in-Differences (DID) method to assess the extent and process of the impact of energy consuming right trading policy on the low-carbon transition of the energy structure. The transmission mechanism of industrial structure upgrading and the new-quality productive forces in the impact process was discussed, and the regulatory role of environmental regulations was tested.ResultsThe findings indicate: 1) ECRT has a strong driving effect on the low-carbon transition of the energy structure. 2) ECRT can promote low-carbon transition of the energy structure through the dual channel of promoting industrial structure upgrading and new quality productive forces. 3) The influence of ECRT on the low-carbon transition of the energy structure is different in different regions, and the higher degree of industrial agglomeration and renewable energy-rich regions are more significantly promoted by new quality productivity. 4) Environmental regulation has a significant positive moderating effect on the relationship between ECRT and low-carbon transition of the energy structure. 5) Furthermore, the exploratory analysis reveals that the positive impacts of ECRT policies on the low-carbon Transition of the energy structure translates into higher green total factor productivity and lower environmental pollution, which promotes the sustainable development of the low-carbon Transition of the energy structure.DiscussionThis paper responds to the basic question of whether energy use rights policies can promote the low-carbon Transition of the energy structure, and provides empirical evidence and policy reference not only for the development of China’s environmental policy and the direction of energy consumption but also for the international community’s efforts in sustainable energy and environmental governance. |
| format | Article |
| id | doaj-art-0467f1687e7f473cbcf0d9a173eb6bad |
| institution | OA Journals |
| issn | 2296-665X |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj-art-0467f1687e7f473cbcf0d9a173eb6bad2025-08-20T01:48:37ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2025-01-011210.3389/fenvs.2024.15028601502860Does energy-consuming right trading policy achieve a low-carbon transition of the energy structure? A quasi-natural experiment from ChinaYe Chen0Bin Zhong1Bingnan Guo2 Office of State-owned Assets Management and Procurement Bidding, Affiliated Hospital of Jiangsu University, Zhenjiang, ChinaSchool of Economics and Management, Gannan University of Science and Technology, Ganzhou, ChinaSchool of Humanities and Social Sciences, Jiangsu University of Science and Technology, Zhenjiang, ChinaIntroductionThe implementation of energy-consuming right trading (ECRT) policy in 2017 is a major measure to promote the construction of ecological civilization and green development, which also aligns with the global trend towards sustainable energy management and carbon emission reduction.MethodsBased on energy consumption data in China from 2010 to 2021, this paper utilizes the Difference-in-Differences (DID) method to assess the extent and process of the impact of energy consuming right trading policy on the low-carbon transition of the energy structure. The transmission mechanism of industrial structure upgrading and the new-quality productive forces in the impact process was discussed, and the regulatory role of environmental regulations was tested.ResultsThe findings indicate: 1) ECRT has a strong driving effect on the low-carbon transition of the energy structure. 2) ECRT can promote low-carbon transition of the energy structure through the dual channel of promoting industrial structure upgrading and new quality productive forces. 3) The influence of ECRT on the low-carbon transition of the energy structure is different in different regions, and the higher degree of industrial agglomeration and renewable energy-rich regions are more significantly promoted by new quality productivity. 4) Environmental regulation has a significant positive moderating effect on the relationship between ECRT and low-carbon transition of the energy structure. 5) Furthermore, the exploratory analysis reveals that the positive impacts of ECRT policies on the low-carbon Transition of the energy structure translates into higher green total factor productivity and lower environmental pollution, which promotes the sustainable development of the low-carbon Transition of the energy structure.DiscussionThis paper responds to the basic question of whether energy use rights policies can promote the low-carbon Transition of the energy structure, and provides empirical evidence and policy reference not only for the development of China’s environmental policy and the direction of energy consumption but also for the international community’s efforts in sustainable energy and environmental governance.https://www.frontiersin.org/articles/10.3389/fenvs.2024.1502860/fulllow-carbon transition of the energy structureECRTindustrial structureindustrial agglomerationenvironmental regulationnew-quality productive forces |
| spellingShingle | Ye Chen Bin Zhong Bingnan Guo Does energy-consuming right trading policy achieve a low-carbon transition of the energy structure? A quasi-natural experiment from China Frontiers in Environmental Science low-carbon transition of the energy structure ECRT industrial structure industrial agglomeration environmental regulation new-quality productive forces |
| title | Does energy-consuming right trading policy achieve a low-carbon transition of the energy structure? A quasi-natural experiment from China |
| title_full | Does energy-consuming right trading policy achieve a low-carbon transition of the energy structure? A quasi-natural experiment from China |
| title_fullStr | Does energy-consuming right trading policy achieve a low-carbon transition of the energy structure? A quasi-natural experiment from China |
| title_full_unstemmed | Does energy-consuming right trading policy achieve a low-carbon transition of the energy structure? A quasi-natural experiment from China |
| title_short | Does energy-consuming right trading policy achieve a low-carbon transition of the energy structure? A quasi-natural experiment from China |
| title_sort | does energy consuming right trading policy achieve a low carbon transition of the energy structure a quasi natural experiment from china |
| topic | low-carbon transition of the energy structure ECRT industrial structure industrial agglomeration environmental regulation new-quality productive forces |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2024.1502860/full |
| work_keys_str_mv | AT yechen doesenergyconsumingrighttradingpolicyachievealowcarbontransitionoftheenergystructureaquasinaturalexperimentfromchina AT binzhong doesenergyconsumingrighttradingpolicyachievealowcarbontransitionoftheenergystructureaquasinaturalexperimentfromchina AT bingnanguo doesenergyconsumingrighttradingpolicyachievealowcarbontransitionoftheenergystructureaquasinaturalexperimentfromchina |