Emissions cap and structural adjustment

Huanhuan Wang; Haichao Fan; Shiyi Chen

doi:10.1016/j.ceqi.2024.03.002

Emissions cap and structural adjustment

Huanhuan Wang^*, Haichao Fan, Shiyi Chen

^*Corresponding author for this work

Law School

Fudan University

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

We use the strengthening of China's emission target control regime during the Eleventh Five-Year Plan period as a quasi-natural experiment to study the impact of strengthened environmental regulation on firm's emissions and other economic performances, and find that more rigorous environmental regulations induce firms to cut down their emissions, mainly through the “technology effect.” The structural decomposition shows that this emission reduction effect varies across industries with different levels of pollution intensity, and the power sector plays an important role in the “structural adjustment effect” among industries.

Original language	English
Pages (from-to)	26-41
Number of pages	16
Journal	China Economic Quarterly International
Volume	4
Issue number	1
DOIs	https://doi.org/10.1016/j.ceqi.2024.03.002
State	Published - Mar 2024

Keywords

Emissions cap
Synergistic reduction
Technological effect

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10.1016/j.ceqi.2024.03.002

Cite this

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title = "Emissions cap and structural adjustment",

abstract = "We use the strengthening of China's emission target control regime during the Eleventh Five-Year Plan period as a quasi-natural experiment to study the impact of strengthened environmental regulation on firm's emissions and other economic performances, and find that more rigorous environmental regulations induce firms to cut down their emissions, mainly through the “technology effect.” The structural decomposition shows that this emission reduction effect varies across industries with different levels of pollution intensity, and the power sector plays an important role in the “structural adjustment effect” among industries.",

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AB - We use the strengthening of China's emission target control regime during the Eleventh Five-Year Plan period as a quasi-natural experiment to study the impact of strengthened environmental regulation on firm's emissions and other economic performances, and find that more rigorous environmental regulations induce firms to cut down their emissions, mainly through the “technology effect.” The structural decomposition shows that this emission reduction effect varies across industries with different levels of pollution intensity, and the power sector plays an important role in the “structural adjustment effect” among industries.

KW - Emissions cap

KW - Synergistic reduction

KW - Technological effect

UR - https://www.scopus.com/pages/publications/85188685881

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DO - 10.1016/j.ceqi.2024.03.002

M3 - 文章

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VL - 4

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JO - China Economic Quarterly International

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Emissions cap and structural adjustment

Abstract

Keywords

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