The Impact of Carbon Emissions Trading on the High Quality Development of Manufacturing Industry - The Evidence from China

Ying Li and Changgeng Zhu
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Ying Li: School of Economics, Tianjin University of Commerce, Tianjin, China
Changgeng Zhu: School of Economics, Tianjin University of Commerce, Tianjin, China

Climate Economics and Finance, 2023, vol. 1, issue 1, 29-44

Abstract: Carbon emissions trading is an important part of emission reduction policy tools, and manufacturing is the foundation of a strong country. This paper explores the impact of carbon emissions trading pilot on the high-quality development of manufacturing industry by using the double difference method. It is found that carbon emissions trading can significantly promote the high-quality development of manufacturing industry, in which the government's will of ecological environment governance, technological progress and industrial structure rationalization have significant intermediary effects. Heterogeneity analysis reveals that the impact of carbon emissions trading on the high-quality development of the manufacturing industry is most significant in the western region. Accordingly, the study proposes suggestions on how to further improve China's carbon emissions trading market and realize the high-quality development of the manufacturing industry.

Keywords: Carbon emissions trading; high-quality development of the manufacturing sector; dual-carbon targets (search for similar items in EconPapers)
Date: 2023
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