This study explores the mechanisms by which China’s pilot carbon emissions trading schemes(ETS)facilitate industrial low-carbon transitions.We construct a theoretical model and conduct an empirical analysis using pro...This study explores the mechanisms by which China’s pilot carbon emissions trading schemes(ETS)facilitate industrial low-carbon transitions.We construct a theoretical model and conduct an empirical analysis using provincial panel data from seven pilot provinces spanning 2006-2021.Applying a multi-period difference-in-differences(DID)approach,we evaluate the environmental and economic impacts of the pilot ETS policies.The findings yield three key insights:(1)The pilot ETS significantly reduces carbon emission intensity and improves low-carbon total factor productivity(TFP),thereby promoting China’s industrial low-carbon transition.(2)Mechanism analysis indicates that the ETS primarily operates through cost constraints and industrial structural upgrading,while the effect of technological progress has yet to fully materialize.(3)Heterogeneity analysis reveals that the policy’s effects are more significant in regions with higher levels of economic development and R&D investment,leading to greater carbon intensity reductions and productivity gains.In addition,regions with higher foreign direct investment(FDI)experience more substantial improvements in low-carbon TFP,possibly reflecting technology spillover effects.展开更多
China＇s transition to sustainable growth model in the coming years depends on the ability of its industrial sector to adapt and innovate. In the llth Five-Year Plan period, China entered the intermediate stage of ind...China＇s transition to sustainable growth model in the coming years depends on the ability of its industrial sector to adapt and innovate. In the llth Five-Year Plan period, China entered the intermediate stage of industrialization and crossed the threshold to become a middle-income country. China＇s current industrial structure, therefore, which is still characteristic of early-stage industrialization, must transition to support intermediate and advanced industrialization. Although resource constraints will pose certain hurdles for this transition, the pressure of these constraints will ultimately serve to catalyze, rather than impede, sustainable industrial growth. Furthermore, industrial transition and upgrade will mean not only changes for the nation＇s industrial structure as a whole but also rethinking the strategic possibilities and direction of industry at the enterprise level. The key to success rests on China＇s ability to improve indigenous development and boost competitive advantage in international markets through the use of new, advanced technologies.展开更多
The expansion and upgrading of Chinese industries have accompanied with the spatial restructuring process across the country. This paper provides a literature review on China's industrial geography, paying special...The expansion and upgrading of Chinese industries have accompanied with the spatial restructuring process across the country. This paper provides a literature review on China's industrial geography, paying special attention to industrial agglomeration and industrial clusters. The increasing industrial agglomeration and development of industrial clusters have been the prominent characteristics of dynamics of industrial landscape in China. The major driving forces of China's industrial geography include economic globalization, decentralization and regional competition and rebuilding of regional advantages. This paper concludes with a discussion of future research focus.展开更多
Basic materials such as steel,cement,aluminium,and(petro)chemicals are the building blocks of industrialised societies.However,their production is extremely energy and emission intensive,and these industries need to d...Basic materials such as steel,cement,aluminium,and(petro)chemicals are the building blocks of industrialised societies.However,their production is extremely energy and emission intensive,and these industries need to decarbonise their emissions over the next decades to keep global warming at least below 2°C.Low-emission industrial-scale production processes are not commercially available for any of these basic materials and require policy support to ensure their large-scale diffusion over the upcoming decades.The novel transition to industry decarbonisation(TRANSid)model analyses the framework conditions that enable large-scale investment decisions in climate-friendly basic material options.We present a simplified case study of the cement sector to demonstrate the process by which the model optimises investment and operational costs in carbon capture technology by 2050.Furthermore,we demonstrate that extending the model to other sectors allows for the analysis of industry-and sector-specific policy options.展开更多
基金Major Project of the National Social Science Foundation of China(NSSFC)-“Study on the Construction of China’s Unified Carbon Market and the Realization Mechanism of the‘Dual Carbon’Goal”(Grant No.24VRC003).
文摘This study explores the mechanisms by which China’s pilot carbon emissions trading schemes(ETS)facilitate industrial low-carbon transitions.We construct a theoretical model and conduct an empirical analysis using provincial panel data from seven pilot provinces spanning 2006-2021.Applying a multi-period difference-in-differences(DID)approach,we evaluate the environmental and economic impacts of the pilot ETS policies.The findings yield three key insights:(1)The pilot ETS significantly reduces carbon emission intensity and improves low-carbon total factor productivity(TFP),thereby promoting China’s industrial low-carbon transition.(2)Mechanism analysis indicates that the ETS primarily operates through cost constraints and industrial structural upgrading,while the effect of technological progress has yet to fully materialize.(3)Heterogeneity analysis reveals that the policy’s effects are more significant in regions with higher levels of economic development and R&D investment,leading to greater carbon intensity reductions and productivity gains.In addition,regions with higher foreign direct investment(FDI)experience more substantial improvements in low-carbon TFP,possibly reflecting technology spillover effects.
文摘China＇s transition to sustainable growth model in the coming years depends on the ability of its industrial sector to adapt and innovate. In the llth Five-Year Plan period, China entered the intermediate stage of industrialization and crossed the threshold to become a middle-income country. China＇s current industrial structure, therefore, which is still characteristic of early-stage industrialization, must transition to support intermediate and advanced industrialization. Although resource constraints will pose certain hurdles for this transition, the pressure of these constraints will ultimately serve to catalyze, rather than impede, sustainable industrial growth. Furthermore, industrial transition and upgrade will mean not only changes for the nation＇s industrial structure as a whole but also rethinking the strategic possibilities and direction of industry at the enterprise level. The key to success rests on China＇s ability to improve indigenous development and boost competitive advantage in international markets through the use of new, advanced technologies.
基金National Science Foundation of China for Distinguished Young Scholars,No.41425001
文摘The expansion and upgrading of Chinese industries have accompanied with the spatial restructuring process across the country. This paper provides a literature review on China's industrial geography, paying special attention to industrial agglomeration and industrial clusters. The increasing industrial agglomeration and development of industrial clusters have been the prominent characteristics of dynamics of industrial landscape in China. The major driving forces of China's industrial geography include economic globalization, decentralization and regional competition and rebuilding of regional advantages. This paper concludes with a discussion of future research focus.
文摘Basic materials such as steel,cement,aluminium,and(petro)chemicals are the building blocks of industrialised societies.However,their production is extremely energy and emission intensive,and these industries need to decarbonise their emissions over the next decades to keep global warming at least below 2°C.Low-emission industrial-scale production processes are not commercially available for any of these basic materials and require policy support to ensure their large-scale diffusion over the upcoming decades.The novel transition to industry decarbonisation(TRANSid)model analyses the framework conditions that enable large-scale investment decisions in climate-friendly basic material options.We present a simplified case study of the cement sector to demonstrate the process by which the model optimises investment and operational costs in carbon capture technology by 2050.Furthermore,we demonstrate that extending the model to other sectors allows for the analysis of industry-and sector-specific policy options.
