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To achieve the goal of carbon reduction, China has been piloting the Carbon Emission Trading System (CETS) since 2013. As the economy faces a downward trend, it is significant to explore the impact of CETS on business development. There is still debate in academia about whether this policy can boost the level of business development. This paper, based on all A-share data of listed companies in China from 2009 to 2018, uses the Difference in Differences (DID) model to verify the impact of CETS on the input of capital and labor factors and the level of technology in enterprises and discusses the industry heterogeneity of this impact in detail. Placebo tests, propensity score matching, and triple differences ensure the robustness of the conclusions. In further research, this paper decomposes the policy effect of CETS. It regresses the impact of carbon quota prices and carbon market trading scale on business development. The final conclusion is that CETS has a positive impact on the input of capital and labor in enterprises and a negative impact on the level of technology. After distinguishing industries, this conclusion shows differences according to different characteristics of high emissions and low emissions. In addition, the increase in carbon quota prices hinders business development, while the scale of carbon market trading shows an inverted "U" relationship with business development. The article provides meaningful policy references for China and countries in the early stages of CETS construction. [ABSTRACT FROM AUTHOR]

Carbon flow in forest products trade will affect the report of a country's carbon stock. This will have an impact on a country's contribution of carbon flows. Based on the analysis of China's forest product trade, this paper uses the stock-change approach, the production approach and the atmospheric-flow approach to calculate the changes of China's forest products trade carbon flows. Different carbon flow measurement approaches have very different results. From the perspective of the contribution of forest products to carbon flow, the production approach of calculation for forest products trade carbon flow has the largest contribution to atmospheric carbon flows. However, the calculation results of the stock-change approach and the atmospheric-flow approach are just the opposite, that is, the calculation for forest products trade has a negative contribution to China's carbon sinks, and forest products trade has become a source of carbon emissions. [ABSTRACT FROM AUTHOR]

Due to rapid urbanization and increasing energy consumption, human society poses increasing pressure on the surrounding ecosystems that it depends on. As a result, evaluation of urban development should view cities as complex ecosystems including human and natural elements. This paper establishes a carbon balance index (CBI) for an urban ecosystem based on its socio-economic development and land use and land cover change in Xiamen, a rapidly urbanizing coastal city in southeast China. Dynamic changes in CBI can quantitatively indicate the sustainability of the urbanization process from a carbon cycling perspective. Results show that Xiamen's carbon balance condition experienced three stages: the period 1987–2002 where CBI decreased slightly, 1992–2002 where CBI moderately increased from 1.4 to 4.2, and 2003–2011 where CBI rapidly increased from 5.2 to 17.3. The carbon imbalance increased with the expansion of urban scale and urbanization. By stepwise multiple regression analysis, it was found that the main influencing factors of CBI are urbanization rate, industrial coal consumption, length of roadway network and forest area, and city managers should take these factors into consideration to achieve low-carbon city development. Finally, the CBI for the year 2030 is predicted based on CO2emissions and sequestration scenarios. [ABSTRACT FROM AUTHOR]