The impact of carbon policy on regional green development-a quasi natural experiment based on carbon emission trading policy pilot in China
Carbon Emission Trading (CET) plays a crucial role in China’s pursuit of green development (GD) and the ‘dual carbon’ objectives. This paper selects the panel data of 30 provinces in China from 2009 to 2019 to measure the degree of GD and applies the difference-in-differences method to study the imp...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2025-12-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2025.2522333 |
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| Summary: | Carbon Emission Trading (CET) plays a crucial role in China’s pursuit of green development (GD) and the ‘dual carbon’ objectives. This paper selects the panel data of 30 provinces in China from 2009 to 2019 to measure the degree of GD and applies the difference-in-differences method to study the impact of carbon emission rights policy on the regional GD. The empirical results show that the CET policy can significantly promote the GD of cities where the policy is implemented, and the energy structure, green credit and digital technology play a mediating role. This study further finds that the policy is more effective in promoting GD in northern provinces and provinces with weaker public participation in environmental governance, stronger environmental governance intensity, and that the long-term impact of the CET policy is stronger than that of the short-term. This paper not only aids the government in comprehending the effectiveness and impact mechanisms of the CET policy in fostering regional green development, but also offers recommendations for green transformation of enterprises. |
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| ISSN: | 2332-2039 |