What does clean energy attract? Evidence from the transfer structure of energy-intensive projects in China

Qianxiang Zhang and Boqiang Lin ()

Renewable Energy, 2024, vol. 228, issue C

Abstract: The transfer of energy-intensive projects to areas abundant in clean energy resources holds promise for optimizing the energy structure. After obtaining specific information on transferred projects of listed energy-intensive firms through search or phone contact, this paper innovatively constructs a three-dimensional panel containing 1,859,220 observations to empirically examine the attraction of clean energy to energy-intensive projects under the carbon intensity constraint policy (CICP). Our findings reveal that: (1) the CICP promotes the transfer of gray energy-intensive projects, leading to the transfer structure trending towards graying. (2) Furthermore, we observe a positive correlation between the proportion of thermal power in transfer-out areas and the outflow of gray energy-intensive projects. Conversely, areas with higher wind power and photovoltaics attract a greater inflow of gray energy-intensive projects. (3) Notably, clean energy predominantly attracts the inflow of gray projects rather than green projects. Our findings provide micro evidence and valuable insights into the transfer of energy-intensive industries, informing the design and implementation of future environmental policies for policymakers and stakeholders.

Keywords: Carbon intensity constraint policy (CICP); Transfer structure; Energy-intensive industry; Clean energy (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:228:y:2024:i:c:s0960148124007109

DOI: 10.1016/j.renene.2024.120642

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