Has China’s Pilot Emissions Trading Scheme Influenced the Carbon Intensity of Output?

Kangkang Zhang, Deyi Xu, Shiran Li, Na Zhou and Jinhui Xiong
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Kangkang Zhang: Research Center of Resource and Environment Economics, Mineral Resource Strategy and Policy Research Center, China University of Geosciences, Wuhan 430074, China
Deyi Xu: Research Center of Resource and Environment Economics, Mineral Resource Strategy and Policy Research Center, China University of Geosciences, Wuhan 430074, China
Shiran Li: School of Economics and Management, China University of Geosciences, Wuhan 430074, China
Na Zhou: Research Center of Resource and Environment Economics, Mineral Resource Strategy and Policy Research Center, China University of Geosciences, Wuhan 430074, China
Jinhui Xiong: Research Center of Resource and Environment Economics, Mineral Resource Strategy and Policy Research Center, China University of Geosciences, Wuhan 430074, China

IJERPH, 2019, vol. 16, issue 10, 1-18

Abstract: China launched the pilot construction of the carbon emission trading scheme (ETS) in 2011. The pilots have been running for many years. Does ETS significantly restrain the increase of carbon emission intensity? Based on China’s panel data for provinces and industries, this paper uses the policy assessment method to evaluate the inhibition by ETS of carbon emission intensity. The assessment scope includes six provincial pilots and pilot industries covered by ETS. The results show that ETS has significant suppression of carbon emission intensity only in Beijing and Guangdong. There is no significant impact on the carbon emission intensity of Tianjin, Shanghai, Chongqing, and Hubei. Through the carbon emission intensity inhibition analysis of the industries covered by ETS from Beijing and Chongqing, the results of the production and supply of electric power, steam and hot water, petroleum processing and coking in Beijing have a significant impact on the ETS. Only the smelting and pressing of ferrous metals in Chongqing has a significant impact on the ETS.

Keywords: ETS; carbon emission intensity; industry; generalized synthetic control method; China (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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