气候变化领域集成服务门户(CCPortal): Heterogeneous emission trading schemes and green innovation

CCPortal

DOI	10.1016/j.enpol.2021.112367
	Heterogeneous emission trading schemes and green innovation
	Yao S.; Yu X.; Yan S.; Wen S.
发表日期	2021
ISSN	03014215
卷号	155
英文摘要	To stabilize the global CO2 concentration in the long run and secure a net zero emission development path, low-carbon innovation is imperative. This paper evaluates the impact of emission trading schemes on low-carbon innovation. Particularly, we focus on the seven emission trading pilots in China. They employed diversified scheme designs, and reaping heterogeneous low-carbon innovation effects. The empirical results show that 1) low-carbon innovation in the three pilots of Beijing, Shanghai, and Guangdong responds more to the national demand for green technological changes, rather than to local policy shocks; 2) the Hubei pilot is the only successful one in raising low-carbon innovation motivations. Its success may be related to distinctive features of the market, including active transaction of carbon allowances, ambitious utilization of the auction mechanism in initial allowance allocation, and focus of regulation capacities on the most influential emitting entities. These features should be deliberately utilized in design the national carbon market, which has been pronounced at the end of 2017. Our research highlights the importance of detailed mechanism design for securing dynamic effectiveness of carbon emission trading schemes. © 2021 Elsevier Ltd
关键词	Emission trading Innovation Pilot Chinese carbon markets Synthetic control method
英文关键词	Carbon; Commerce; Machine design; CO$-2$/ concentration; Emissions Trading; Emissions Trading Scheme; Global CO; Green innovations; Heterogeneous emissions; Innovation; Low carbon; Pilot chinese carbon market; Synthetic control method; Emission control; carbon emission; demand analysis; emissions trading; empirical analysis; environmental economics; innovation; national economy; regulatory approach; Beijing [China]; China; Guangdong; Hubei; Shanghai
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205422
作者单位	Poole College of Management, North Carolina State University, 2801 Founders Dr, Raleigh, NC 27695, United States; School of Economics and Management, Beihang University, 37 Xueyuan Rd New Main Building, Beijing, 100191, China; Beijing Advanced Innovation Center for Big Data-Based Precision Medicine, Beihang University, 37 Xueyuan Rd New Main Building, Beijing, 100191, China; Nanyang Research Institute, Xiamen University, 422 Siming Nan Rd Nan'an Building, Xiamen, 361005, China
推荐引用方式 GB/T 7714	Yao S.,Yu X.,Yan S.,et al. Heterogeneous emission trading schemes and green innovation[J],2021,155.
APA	Yao S.,Yu X.,Yan S.,&Wen S..(2021).Heterogeneous emission trading schemes and green innovation.Energy Policy,155.
MLA	Yao S.,et al."Heterogeneous emission trading schemes and green innovation".Energy Policy 155(2021).