CDMs’ effect on environmentally sensitive productivity: evidence from Chinese provinces

Jin Guo () and Hanqiao Yang ()
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Jin Guo: NDRC AMR: National Development and Reform Commission Academy of Macroeconomic Research
Hanqiao Yang: NDRC AMR: National Development and Reform Commission Academy of Macroeconomic Research

Letters in Spatial and Resource Sciences, 2022, vol. 15, issue 3, No 6, 422 pages

Abstract: Abstract Reducing emissions and improving sustainable development are two key goals of Clean development mechanism (CDM) projects. This study employs the global Malmquist-Luenberger index to estimate environmentally sensitive productivity from 2005 to 2013 at the Chinese provincial level and investigates the impact of CDM projects on sustainable development via panel quantile regressions. The findings reveal the CDM projects significantly stimulate environmentally sensitive productivity growth while developed provinces enjoy a greater promotion in growth. This effect becomes weaker as the environmentally sensitive productivity is enhanced. CDM projects with new constructions rather than refurbished existed constructions exhibit a strong promotion effect. By considering the investment and operating costs, environmentally friendly investment policies, with a focus on cost reduction, can attract technology transfer and promote the role of CDM projects. Furthermore, carbon emission reduction requires different incentives via the optimization of different CDM project types across regions.

Keywords: Clean development mechanism; Environmentally sensitive productivity; Global Malmquist-Luenberger index; Panel quantile regression (search for similar items in EconPapers)
JEL-codes: C01 C61 Q54 Q56 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s12076-021-00281-6

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