Energy endowment, environmental regulation, and energy efficiency: Evidence from China

Ying Wang, Xiangzheng Deng, Hongwei Zhang, Yujie Liu, Tianxiang Yue and Gang Liu

Technological Forecasting and Social Change, 2022, vol. 177, issue C

Abstract: Achieving carbon neutrality requires low-carbon energy transformation and further a pronounced enhancement of energy efficiency and environmental regulation. However, the impact of energy endowment on energy efficiency and the moderating effects of various environmental regulations have not yet been studied in an integrated framework. This paper aims to address this knowledge gap by employing a system generalized method of moments (system GMM) for China with panel data of 30 provincial regions from 2008 to 2018. The results reveal varying energy efficiency among different provincial regions in China at a medium-to-low level and confirm the existence of resource curse at the national level since the impact of energy endowment on energy efficiency is significantly negative. Whereas market-based environmental regulations had a significantly positive moderating effect on the relationship between energy endowment and energy efficiency, this effect was insignificant for command-and-control environmental regulations. These findings provide empirical evidence to support the formulation of environmental regulations that will further improve energy efficiency and carbon neutrality in China.

Keywords: Energy endowment; Market-based environmental regulation; Command-and-control environmental regulation; Energy efficiency; Moderating effect (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:177:y:2022:i:c:s0040162522000609

DOI: 10.1016/j.techfore.2022.121528

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