Market based emission reduction plan in the process of "double carbon": mechanism, effect and implementation environment

Ke Yang, Wei Yu, Anqi Wang and Tongtong Zhao

International Journal of Low-Carbon Technologies, 2025, vol. 20, 196-208

Abstract: Based on a sample of prefecture-level cities in China from 2004 to 2017, the policy effects of the “market-based mechanism”design of emission reduction tools are examined. The study concludes that China's carbon emissions trading system has a very significant emission reduction effect, and the market-based reform has a facilitating effect, while a reasonable corporate tax burden and environmental regulation intensity have a synergistic effect on the operational efficiency of the carbon market. It is also found that China's carbon emissions trading system has a significant impact on corporate R&D behavior, but its role needs to be further developed.

Keywords: carbon emissions trading system; emission reduction effect; implementation of environmental; quasi natural experiment (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ijlctc:v:20:y:2025:i::p:196-208.

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