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Copyright of China Pulp & Paper is the property of China Pulp & Paper Magazines Publisher and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of China Pulp & Paper is the property of China Pulp & Paper Magazines Publisher and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

China has been the world's largest producer and consumer of paper products. In the context of the "carbon peaking and carbon neutrality goals", China's papermaking industry which is traditionally a high energy-consuming and high-emissions industry, desperately needs a nationally appropriate low-carbon development path. From the consumption-side perspective, this paper calculates the CO2 emissions of China's papermaking industry from 2000 to 2019 by using carbon emission nuclear algorithm, grain-straw ratio, first-order attenuation method, and STIRFDT decomposition model, etc., to further explore the core stages and basic patterns affecting the industry's carbon peaking. The results show that the total CO2 emissions of China's papermaking industry showed an upward trend from 2000–2013, stable from 2013–2017, and a steady but slight decline from 2017–2019. Meanwhile, the total CO2 emissions of the full life cycle of paper products in China have decreased to a certain extent in the raw material acquisition, pulp, and paper making and shipping stages, with only the waste paper disposal stage showing a particular upward trend. We find that from 2000 to 2019, China's CO2 emissions in the pulping and papermaking stage of paper products accounted for 68% of the total emissions in the whole life cycle, of which 59% was caused by coal consumption. Moreover, the scenario prediction shows that improving the energy structure and increasing the waste paper recovery rate can reduce the CO2 emissions of the industry, and it is more significant when both work. Based on this and the four core stages of CO2 emissions of the papermaking industry we proposed ways to promote CO2 emissions peaking of China's paper products. [ABSTRACT FROM AUTHOR]

China's pulp and paper industry (CPPI) has been always the main carbon emission source in recent years. However, the analysis on influencing factors of carbon emissions from this industry is insufficient. To address the issue, the CO2 emissions from CPPI are estimated in the period of 2005–2019, the driving factors of CO2 emissions are investigated by the logarithmic mean Divisia index (LMDI) method, the decoupling state of economic growth and CO2 emissions is determined by Tapio decoupling model, and finally, future CO2 emissions are predicted under four scenarios by the STIRPAT model to explore the potential of carbon peaking. The results show that CPPI exhibits a rapid increase and a fluctuating downward trend in CO2 emissions during the period of 2005–2013 and 2014–2019, respectively. The main promoting and inhibiting factors to the increase of CO2 emission are per capita industrial output value and energy intensity, respectively. There are five decoupling states of CO2 emissions and economic growth during the study period, and the CO2 emissions exhibit a weak decoupling state with the industrial output value growth in most years of the study period. It is very difficult to realize the carbon peaking goal by 2030 under the baseline and fast development scenarios. Therefore, efficient low carbon and strong low-carbon development policies are necessary and urgent for the realization of carbon peaking goal and the sustainable development of CPPI. [ABSTRACT FROM AUTHOR]

Copyright of China Pulp & Paper is the property of China Pulp & Paper Magazines Publisher and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The paper industry is a high-carbon emission and energy-intensive industry. From the perspective of low-carbon trade and carbon neutrality, its energy conservation and emission reduction are worthy of attention. This study used the input-output model to calculate the embodied carbon emissions of China’s paper industry’s export trade to the United States from 2006 to 2020 and used the logarithmic mean division index (LMDI) method to analyze influencing factors of the change of embodied carbon emissions. The study found that the embodied carbon emissions of China’s paper industry’s export trade to the United States generally shows a stable downward trend after reaching the peak with the increase of export trade scale; scale effect is the main factor that causes the embodied carbon emissions, while technological progress, policy support, and environmental regulations are important driving forces to promote carbon emission reduction. The research results of this paper not only can test and guide China’s paper industry trade policies and industrial policies, but they can also provide decision-making reference for China and the United States to promote the carbon emission reduction of the paper industry. [ABSTRACT FROM AUTHOR]

This paper studies the impact of digital economy development on carbon emissions, which is a hot topic in the field of environmental economics. This topic is within the scope of the Frontiers in Environmental Science and is particularly in line with the theme of Environmental Economics and Management section in the journal. Firstly, this paper constructs the Digital Economy Development Index and its variable indicators to measure the development of the digital economy. Secondly, this paper uses urban panel data to reveal the impact of digital economy development on carbon emissions, and further adopts IV method to deal with endogeneity issues. Thirdly, this paper performs the heterogeneity analyses depending on the characteristics of the city. The results can provide a basis for formulating differentiated policies. Fourthly, this paper further explores the mechanism by which the digital economy affects carbon peaking. The results show that the digital economy may influence carbon peaking through upgrading of the industrial structure, technical innovation, and energy consumption. [ABSTRACT FROM AUTHOR]

Carbon emission issues are becoming increasingly severe, and the carbon emissions in shrinking cities, primarily characterized by population loss, are often overlooked and insufficiently studied. This paper focuses on the carbon emissions from county-level administrative units in China's three northeastern provinces from 2001 to 2017. The study scientifically identified shrinking cities and measured the differences in carbon emission characteristics between growing and shrinking cities using the Theil index. Ultimately, the paper constructs a panel spatial econometric model to analyze the factors influencing them and explore their spatial effects. (1) The total carbon emissions in the Three Northeastern Provinces exhibited an inverted U-shaped trend, increasing from 734.21 million tons in 2001 to 1731.73 million tons in 2017, with the Mann–Kendall trend test showing a significant increase; spatially, this manifests as a significant positive spatial autocorrelation. (2) The region has 138 shrinking cities, accounting for over 50%; regarding carbon emission characteristics, the Theil index has consistently remained above 0.18, indicating significant differences between the carbon emissions of growing and shrinking cities. (3) The panel spatial econometric model results show that the influencing factors of carbon emissions in shrinking cities have unique directions, intensities, and spatial effects. In shrinking cities, aside from localized GDP effects and per-capita GDP acting as a suppressant, the population size has a pronounced inhibitory effect on local and surrounding carbon emissions. The analysis reveals significant differences in the carbon emission patterns and mechanisms between growing and shrinking cities; based on these results, the paper proposes differentiated carbon control strategies. [ABSTRACT FROM AUTHOR]

Using a panel data set from 2007 to 2019, we empirically evaluate the impact of carbon capture, utilization, and storage (CCUS) technology innovation on green total factor productivity (GTFP). The findings show that (1) CCUS technology innovation significantly improves GTFP. (2) CCUS technology innovation significantly contributes to GTFP by promoting industrial structure upgrading and carbon emissions efficiency. (3) Environmental regulation plays a positive moderating role in the nexus between CCUS technology innovation and GTFP. The findings of this paper provide guidance for China to achieve green energy transition and build a green energy system. [ABSTRACT FROM AUTHOR]

China is the top emitter of greenhouse gases in the world. Pulp and paper industry is one of eight the strictly regulated industries about carbon emission in China. However, estimates of carbon emissions from China's pulp and paper industry have been suffered from remarkable uncertainty. It is summarized that is aroused by the inaccuracy of factors evaluating energy consumption, and the huge gap between the calculation standards for assessing energy consumption in the production process and the actual level recorded in the factories. This paper re-evaluated the carbon emission of China's pulp and paper industry from the perspective of life cycle assessment, and applied more accurate emission factors, taking account of the actual energy consumption of the production process in factories, to estimate the actual carbon emissions in maximum. It is found that the national standards about the energy consumption quota of China's pulp and paper industry is no longer applicable, and the actual energy consumption regulated in the production process is far better than the advanced level given by the national standards. The greenhouse gas emission have been seriously overestimated approximately 12.00%–56.17% by international organizations. • Life Cycle Analysis of the China's pulp and paper Industry is conducted thoroughly. • The pulp flow of China's pulp and paper Industry is analyzed. • Energy regulated in factory is far better than the national standards' required. • Carbon emissions of China's pulp and paper Industry are overestimated. [ABSTRACT FROM AUTHOR]

Copyright of China Pulp & Paper is the property of China Pulp & Paper Magazines Publisher and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Improving carbon emission efficiency is crucial for achieving carbon peak and carbon neutrality. This paper analyzes the carbon emission efficiency of Chinese cities using panel data from 275 prefecture-level cities between 2006 and 2020. The super-efficiency SBM (undesirable slacks-based measurement) model of undesired output, combined with kernel density estimation and exploratory data analysis, is employed. This study finds, firstly, from 2006 to 2020, the average efficiency of carbon emissions in Chinese cities declined from 0.53 to 0.48, indicating a downward trend. Secondly, from a temporal perspective, the level of dispersion in urban carbon emission efficiency has become increasingly distinct over time, coupled with a decrease in polarization. Thirdly, in terms of spatial analysis, urban carbon emission efficiency in China shows a positive correlation in a global context. In terms of local spatial correlation, it primarily exhibits high-high and low-low clusters, with a few instances of low–high and high-low clusters. Finally, based on the research findings, this paper proposes suggestions to improve urban carbon emission efficiency. [ABSTRACT FROM AUTHOR]

This paper tries to explain the economic significance of “pursuing green development and promoting harmony between humanity and nature” in the Report to the 20th National Congress of the Communist Party of China (CPC) from the following eight aspects. First, it explains how to respect, adapt to, and protect nature through the confirmation of ownership, valuation classification and incentive. Second, it analyzes why China should work actively toward the goals of peaking carbon emissions and achieving carbon neutrality from the new security concept, new challenges, new situations, and new tasks brought by the urgency and severity of climate change risks. Third, it expounds on the difficulty and complexity of addressing climate change from multiple aspects, such as the ratchet effect, Giddens’s paradox, prisoner’s dilemma, lock-in effect, asset stranding, intergenerational equity, and the Wandering Earth scenario. Fourth, it recognizes the importance of stability, overall planning, and coordination based on the overall planned and coordinated triangle of high-quality development, carbon neutrality, and energy security. Fifth, it emphasizes the importance of green and low-carbon technological innovation by means of the IPAS equation. Sixth, it explains the essence of carbon neutrality as the industrial transition based on the energy transition, which is an economic logic. Seventh, taking the carbon market as an example, it explains the economic principle that the market mechanism plays an important role. Eighth, it explains how finance empowers the goals of peaking carbon emissions and achieving carbon neutrality as well as high-quality development. Finally, this paper is of guiding significance for economics, finance, international trade, and policy research, and in the meantime, provides new research tasks. [ABSTRACT FROM AUTHOR]

With the implementation of deep-market-oriented reforms in China, an accurate interpretation of the effect and transmission mechanism of the marketization of industrial land transfer on carbon emission reduction can provide references for further elevating the role of land policy in China's low-carbon economic transition. Based on the balanced panel data of China's provincial level from 2009 to 2020, this paper uses carbon emission intensity to quantify emission reduction targets, and studies the effects of the marketization of industrial land transfer on regional carbon emission intensity, as well as its internal mechanism, by describing the typical characteristics. Moreover, this paper analyzes the moderating role of environmental governance and conducts area heterogeneity analysis. The main results show that (1) the marketization of industrial land transfer can significantly reduce regional carbon emission intensity, and the negative effect is stronger in the mid-west compared with the effect in the east. (2) Environmental governance can play a positive moderating role in the relationship between the marketization of industrial land transfer and the carbon emission intensity. (3) Industry selection is the internal mechanism by which the effect of the marketization of industrial land transfer on regional carbon emission intensity operates, and the mechanism is represented more prominently in the mid-west. The main conclusions provide inspiration for land policy regulation in relation to carbon emission reduction. China's local governments should implement specific strategies to improve the market-based operation mechanism of land, attracting industries with high energy efficiency and low carbon emissions, and strengthening the intensity of environmental governance. [ABSTRACT FROM AUTHOR]

Carbon abatement efforts in China are penetrating to sub-national level. Zhejiang province, as the 4th wealthy region in China and important player in global market (e.g., textiles, cloth, petroleum, and chemical products), lacks in-depth study of its climate change mitigation efforts, especially after China's accession to the WTO in 2001. This paper analyzed carbon emissions and intensity in Zhejiang province using most comprehensive and time-series dataset available to date since 2002. Its carbon emissions were growing at a declining speed, and carbon intensity was almost halved. The leading emitters largely agglomerate around Hangzhou Bay, close to Zhoushan Port and Shanghai Port. The growth in absolute emissions primarily arose from higher investment (323.1 Mt) and exports (280.6 Mt), while the slower growth was mainly due to efficiency improvements (− 245.7 Mt) stemming from energy and carbon abatement policies and inflows of emission-intensive products from the rest of China. Similarly, declined carbon intensity was mainly attributed to efficiency improvement. Major contributors were sector S13-Non-metallic minerals, S12-Chemicals, S26-Transport, storage and post, S07-Textiles, and S10-Paper. Economic restructuring played different roles on emissions and intensity during various development stages. Policy implications of the findings are discussed for future developments. [ABSTRACT FROM AUTHOR]

Scholars have turned their attention to the ecological protection and high-quality development of China's Yellow River Basin in recent years. The basin is a major agricultural production area in China, hence investigating agricultural carbon emission reduction strategies in the basin is crucial. The research object in this article is the agricultural departments of China's nine provinces in the Yellow River Basin from 2005 to 2018. Agricultural carbon emissions are measured using agricultural land usage, rice planting, crop planting, straw burning, and livestock breeding as agricultural carbon sources. In addition, the GTWR model is used to examine the spatiotemporal aspects of the impact of five factors on agricultural carbon emissions in this paper. The findings reveal that the five factors have varying degrees and directions of influence. [ABSTRACT FROM AUTHOR]

Purpose: With the rapid development of the economy, carbon emissions have also risen sharply. This study explores the relationship between the two by combining the literature of relevant fields and maps the analytical framework from the knowledge base to the research frontier model using CiteSpace. Design/methodology/approach: Using CiteSpace and data statistical tools, we conducted a bibliometric and visual analysis of nearly ten thousand research papers on carbon emissions and economic development published in the Web of Science (WOS) and China National Knowledge Infrastructure (CNKI) databases from 1991 to 2021. Findings: It shows that research on economic development and carbon emissions is developing steadily and involves a wide range of fields. Notably, keywords such as "carbon emissions," "economic growth," and "energy consumption" had high frequency, centrality, and persistence. "carbon emissions," "economic growth," and "energy consumption" had high frequency, centrality, and persistence. Research institutions in the USA and China have made great contributions to research on economic development and carbon emissions. The authors should continue to enrich and improve research on related subjects and concerns to reasonably plan the path of carbon emission reduction and economic development. Originality/value: The study analyzes the evolution of the relationship between carbon emissions and economic growth to provide scholars a more comprehensive and in-depth understanding of the relationship from an international perspective. [ABSTRACT FROM AUTHOR]

China's rapid urbanization has led to the development of integrated transport networks, which requires the transport sector to pay particular attention to the integrated transport comprehensive carrying capacity (ITCCC). Concurrently, global climate change has focused the world community's attention on greenhouse gas concentrations like CO2. This study establishes an ITCCC measurement model of urban agglomerations (UAs) and measures the comprehensive carrying capacity from four factors: socio-economic, basic resources, transport facilities, and traffic environment. In particular, this paper takes carbon emission as a critical indicator of the traffic environment when considering the impact factors of ITCCC. Based on the data of China's five major UAs, this study estimates carrying capacity levels with the ITCCC model and analyses regional characteristics using the spatial-temporal differentiation method. The results show that the traffic environment significantly impacts the ITCCC. Further low-carbon transport policies and measures are recommended to achieve sustainable development of integrated transport in UAs. [ABSTRACT FROM AUTHOR]

Based on panel data for 30 provinces in China from 2000 to 2020, this paper uses entropy method to construct the integrated development indicators of energy Internet, and explores the impact of the development of the energy Internet on reducing carbon emissions in China and its internal transmission mechanism. The research results show that the development of energy Internet can significantly reduce regional carbon dioxide emissions, and increasing the use of renewable energy is an important mechanism for the comprehensive development of energy Internet to curb carbon emissions. Heterogeneity analysis shows that the emission reduction effect brought by the development of energy Internet is more remarkable in the regions with lower carbon emissions and western China. Furthermore, this paper finds that in the setting of the development of energy Internet, the development of renewable energy can promote natural gas consumption and advance energy conversion efficiency. The government's emphasis on regional technology development has an external strengthening effect on carbon emission reduction. The research in this paper expands and diversifies carbon reduction pathways and provides reference for more developing countries to utilize the development of energy internet to achieve carbon reduction. [ABSTRACT FROM AUTHOR]

An in-depth investigation into the effect of embedment in global value chain (GVC) on energy conservation and emissions reduction is of great significance for scientifically assessing the environmental impact of GVC participation, and promoting high-quality development in China. This paper incorporates GVC embedment, energy consumption and carbon emissions into the same analysis framework for the first time. Based on the WIOD database, this paper theoretically and empirically examines the impact and mechanism of global value chain embeddedness on carbon emission reduction from two dimensions: energy consumption intensity and energy consumption structure. The study found that GVC embedment significantly reduced the industry's carbon emission intensity; developing economies' embedment in GVC helped reduce their carbon emission intensity, while the effect was not obvious in developed economies. GVC embedment had a significant inhibitory effect on the carbon emissions in both upstream and downstream industries, but not conducive to carbon reduction of low-tech manufacturing. The mechanism test shows that the GVC embedment not only exhibits the dual effects of energy conservation and emissions reduction, but also has a significant impact on carbon emissions by reducing the energy consumption intensity and improving the energy consumption structure. [ABSTRACT FROM AUTHOR]

Energy shortage and excessive carbon emissions have become the main constraints to the sustainable development of China's logistics industry. Improving the efficiency of the logistics industry is crucial to promoting regional ecological environment protection and sustainable development of the logistics industry. In this paper, the efficiency of China's logistics industry in 2013–2019 is evaluated by using the non-oriented EBM model considering the unexpected output, and then the influencing factors of the efficiency of the logistics industry in the central region are analyzed by using the panel Tobit model. The results show that the logistics industry in the central region is at a low efficiency level. Factors, such as the level of economic development, industrial structure and technical level have a significant positive impact on the efficiency of the logistics industry in the central region, while factors such as government support and logistics infrastructure have a significant negative impact on the efficiency of the logistics industry in the central region. Finally, the paper puts forward some targeted recommendations for the sustainable development of the logistics industry in the central region. [ABSTRACT FROM AUTHOR]

China has always tried to maintain multilateralism and advocated working together to deal with global climate change through multilateral mechanisms. Although China’s announcement to peak its carbon emissions by 2030 comes as no surprise, its commitment to carbon neutrality does. As the period between its carbon peaking and carbon neutrality is far shorter than that in the developed countries, China’s economic and energy structures need to be adjusted toward the low-carbon and carbon-free end with unprecedented efforts. To that end, China should define the responsibilities of local authorities and industrial entities to promote the orderly accomplishment of carbon peaking in all regions and industries. To supply the huge investments needed to achieve the goals of carbon peaking and carbon neutrality, China has an urgent need to accelerate the development of green finance and a national carbon emissions trading market, guide the rational allocation of resources, and channel resources to eco-friendly projects for green and low-carbon development. At the same time, China and the international community should strengthen dialogue and coordination, promote international cooperation on the way to carbon neutrality, formulate widely acceptable policy guidelines as soon as possible, and avoid unilateral measures that may cause conflicts. [ABSTRACT FROM AUTHOR]

Sustainable development has become society's focal point. In this context, China's paper industry needs to be more concerned about a low‐carbon strategy. Therefore, a carbon performance evaluation system must be built to guide the low‐carbon enterprise transformation. Based on the carbon value flow analysis, this study takes JX Paper (a paper‐making enterprise) as an example to construct a carbon performance evaluation system consisting of carbon input, transfer, and output indicators. The quantitative and qualitative index weights were determined through a principal component analysis and an analytical hierarchy process. The overall carbon performance increased from 2012 to 2021, but room remains for improvement. These results show that the performance evaluation system provides a helpful reference for enterprises to identify the key factors affecting carbon emissions and evaluate their carbon performance. Moreover, objective criteria should be developed to improve sustainable enterprise carbon performance and low‐carbon competitiveness. [ABSTRACT FROM AUTHOR]

With China's rapid industrialization and urbanization in the process of socio-economic development, the extensive use of energy has resulted in a large amount of CO2 emissions, which puts great pressure on China's carbon emission reduction task. Through multivariate socio-economic data, this paper proposes an extraction and screening method of multivariate variables based on land-use types, and the downscaled spatial decomposition of carbon emissions at different scales was carried out by using the spatial lag model (SLM). This paper makes up for the shortcomings of previous studies, such as an insufficient modeling scale, simple modeling variables, limited spatio-temporal span of spatial decomposition, and no consideration of geographical correlation. Based on the results of the spatial decomposition of carbon emissions, this paper explores the spatial and temporal dynamics of carbon emissions at different scales. The results showed that SLM is capable of downscaling the spatialization of carbon emissions with high precision, and the continuity of the decomposition results at the provincial scale is stronger, while the differences of the decomposition results at the municipal scale are more obvious within the municipal units. In terms of the spatial and temporal dynamics of CO2 emissions, carbon emissions at both scales showed a significant positive correlation. The dominant spatial correlation types are "Low–Low" at the provincial level, and "Low–Low" and "High–High" at the municipal level. The smaller spatial scope is more helpful to show the geographic dependence and geographic differences of China's carbon emissions. The findings of this paper will help deepen the understanding of the spatial and temporal changes of carbon emissions in China. They will provide a scientific basis for the formulation of feasible carbon emission reduction policies. [ABSTRACT FROM AUTHOR]

High-energy consumption and high-emission industries contribute a lot to economic development, but their carbon emissions are also huge. In order to achieve the dual-carbon target as early as possible, it is necessary to reduce the carbon emissions of high-energy consumption and high-emission industries. This paper selected five representative factors (population, per capita gross domestic product (GDP), energy intensity, energy structure and carbon emission coefficient) and adopted the logarithmic mean divisia index (LMDI) method to decompose the driving factors of carbon emissions. Therefore, this paper uses Tapio decoupling model to analyze the decoupling relationship between the two factors with the greatest impact on carbon emissions and carbon emissions. The results show that: (i) There is a good decoupling between high-energy consumption and high-emission industries and per capita GDP, and the impact of per capita GDP on carbon emissions will gradually decrease in the future; (ii) The decoupling relationship between carbon emissions and energy intensity is poor. For some industries, the reduction of energy intensity can help reduce carbon emissions. Finally, this paper puts forward some suggestions to promote carbon emission reduction. This paper provides theoretical support for studying how to reduce carbon emissions and formulate relevant emission reduction policies in the high-energy consumption and high-emission industries. [ABSTRACT FROM AUTHOR]

Economic globalization and green development have become the consensus of all countries in the world. The importance of FDI, carbon emissions and green total factor productivity is self-evident. This study analyses the impact of FDI inflows on green TFP and the role of carbon emissions in FDI inflows and green TFP. The empirical analysis employed kernel density estimation, OLS, mediation effect model, and panel quantile regression methods using China's provincial panel data spanning over 2001–2019. The facts show that China's carbon emissions have been reduced because of environmental regulations and green TFP is still rising in fluctuation. The results from OLS and mediation effect model indicate that the impact of FDI inflows on green TFP present an asymmetric inverted U-shape and FDI influences green TFP by changing carbon emissions. The panel quantile regression results also show that FDI has a stronger impact on green TFP in less developed regions. This paper believes that the introduction of FDI should be appropriate and should be accompanied by corresponding environmental regulations, in order to promote green TFP in countries around the world. [ABSTRACT FROM AUTHOR]

Facing the double constraints of the "double carbon" target and high-quality economic development, carbon trading policy is an important tool for realizing the emission reduction commitment; based on the perspective of microenterprises, the specific mechanism and spatial effect of carbon trading policy still need to be evaluated. Taking China's carbon emissions trading pilot as a quasi-natural experiment, this paper empirically investigates the impact of carbon trading policy on the carbon emission intensity of pilot enterprises and its mechanism of action, and its impact on the carbon emission intensity of neighboring enterprises, based on the multi-temporal double-difference model, moderating effect model, and spatial Durbin model with the A-sharelisted enterprises in the period of 2009-2019 as the samples. It is found that: 1) Carbon trading policy will reduce the carbon emission intensity of enterprises to different degrees, and there are significant differences under different ownership types, degrees of marketization and the level of digitization. 2) Under the influence of environmental uncertainty, ESG disclosure will weaken the effectiveness of carbon emission reduction in the pre-pilot stage of the policy; with the gradual improvement of the carbon trading policy and ESG disclosure mechanism, ESG ratings will positively regulate the inhibitory effect of the carbon trading policy on the carbon emission intensity of enterprises through multiple paths. 3) Carbon trading policy effectively reduces multiple negative spillovers through the demonstration effect and competition effect of neighboring enterprises, driving the carbon emission reduction behavior of non-pilot enterprise. The research in this paper enriches the research paradigm of carbon emission intensity influencing factors, provides reference suggestions for the government to improve its policies, and better contributes to the realization of the "dual-carbon" vision in China as soon as possible. [ABSTRACT FROM AUTHOR]

The power sector is one of the major CO2-emitting industries in China. It is also the first key emissions control industry included in China's national carbon trading market established in 2021. Therefore, based on the data of 30 provinces and cities in China from 2015 to 2022, this study analyzes the impact of the national carbon market policy on the carbon emissions of the power industry based on the generalized Difference-in-Difference (DID) model. Based on the method of text analysis, this paper constructs the carbon market policy intensity index of each region and incorporates it into the DID model. Empirical analysis finds that the national carbon market policy can significantly inhibit the carbon emissions of the power industry. However, the heterogeneity analysis of 30 provinces and cities shows that the national carbon market policy has a significant impact on the regions that already have a carbon pilot, but not on the non-pilot regions. Therefore, this paper demonstrates the effectiveness of the national carbon market policy in the power industry emissions control, and also exposes the heterogeneity between regions, providing an important empirical basis for the inclusion of other energy-intensive industries. [ABSTRACT FROM AUTHOR]

Digital technology has a significant impact on most industries in the 21st century. The publishing industry is also facing digital transformation, and the traditional paper business is considered polluted and wasteful as it generates carbon emissions. To compare the influence of digital paperless business with the traditional one on environmental performance in publishing, this paper adopts a refined weak disposability model initially introduced by Kuosmanen (2005). The main novelty of the paper is to include two types of desirable outputs in production technology: one is linked to generating undesirable outputs while another is not. Two additional economic assumptions can be imposed on environmental production technology, namely, weak disposability and null-jointness, respectively. We apply the refined model to assess the economic and environmental performance of the publishing industry in China. The paper business generates carbon emissions while the digital outputs (paperless business) may not produce pollution. The empirical results indicate that a vast potential improvement is detected for the digital outputs while limited progress is allowed for traditional outputs. Furthermore, we use the entropy method to obtain a comprehensive digital technology indicator and further explore its influence on performance in the publishing industry. [ABSTRACT FROM AUTHOR]

This paper aims to study the relationship between regional logistics efficiency and economic development in 31 provinces of China and analyze their coupling coordination. To comprehensively evaluate the coordination between logistics and the economy, we introduced external indicators, such as carbon emissions, based on traditional evaluation indicators. We constructed an evaluation index system to coordinate regional logistics efficiency and economic development. The research approach used in this paper is the cross-DEA method, and data from 2010 to 2019 were selected for empirical calculation. The research findings indicate that Eastern and Northern regions of China show higher logistics efficiency, while Northwestern and Southwestern regions exhibit lower logistics efficiency. Coastal areas have relatively higher economic development levels compared to inland areas. Regarding the coupling coordination between logistics efficiency and economic development, different regions show temporal fluctuations and spatial disparities. Some regions demonstrate higher coordination between logistics efficiency and economic development, while others show lower coordination. Additionally, as the economy experiences rapid growth, logistics efficiency also improves, but the level of coordination varies among different provinces. [ABSTRACT FROM AUTHOR]

With the proposal of "Carbon Peak and Carbon Neutrality" goals, China is facing a more serious carbon emissions reduction situation, and how the booming digital economy effectively helps China's carbon emissions reduction is one of the most urgent things that should be solved. To study the impact of the digital economy on carbon emission intensity, this paper is based on the panel data of 30 provinces in China (excluding Tibet, Hong Kong, Macao, and Taiwan) from 2011 to 2021, and applies the double-fixed effect model and the threshold effect model to study the impact of the digital economy on carbon emission intensity and the mechanism of its action, as well as to analyze the mechanism of the digital economy's action on carbon emission intensity from the perspective of technological innovation. The results of the study show that: i) The digital economy can reduce the intensity of regional carbon emissions; ii) The carbon emission reduction effect of the digital economy is non-linear, and its carbon emission reduction effect gradually increases with the level of development of the digital economy; iii) In addition to the direct impact of the digital economy on carbon emission intensity, it also has an indirect impact on carbon emissions through technological innovation; iv) There is regional heterogeneity in the carbon emission reduction effect of the digital economy, and the carbon emission reduction effect is more significant in the central and western parts of the country and regions with a high level of human capital development. Based on the conclusions obtained, this paper suggests: i) The rational integration of the digital economy and regional development should be strengthened; ii) Strong provinces in the digital economy should be encouraged to help weaker provinces, to narrow the "digital divide" between provinces; iii) Differentiated development strategies should be formulated in accordance with local conditions, to give full play to the optimal effect of the digital economy in carbon emission reduction. [ABSTRACT FROM AUTHOR]

Green and low carbon reflect the high-quality development, while income distribution is an indicator of the balance of development. Is there a lack of fairness in the process of green and low carbon transition of enterprises? Using data from A-share listed companies from 2009 to 2016, this paper constructs a DID identification framework for controlling the endogeneity problem using the 2013 carbon trading policy pilot as a quasi-natural experiment to empirically test the impact of corporate low-carbon transformation on corporate labor income share in the context of carbon trading policy. The findings indicate that carbon trading policy decreases the labor income share of firms. In addition, we demonstrate that the low-carbon transition promotes labor productivity, suggesting that the Porter's hypothesis is confirmed in China, but the increase in labor wages is not in tandem with productivity growth, resulting in reduced labor income share. Heterogeneity analysis shows that the impact of carbon trading policy on labor income share is mainly pronounced in larger firms, high technology firms and persistent incumbent firms. Collectively, these results are expected to accurately improve our understanding on the impact of low-carbon transformation of enterprises on income distribution and provide reference for the government to formulate industrial policies and distribution mechanisms under low-carbon economy. [ABSTRACT FROM AUTHOR]

Purpose: The research objective of this paper is to investigate the direct and indirect impacts of green finance on agricultural carbon total factor productivity (ACTFP) within the framework of the carbon peaking and carbon neutrality (dual carbon) goals, while also identifying the driving factors through an exponential decomposition of ACTFP, aiming to provide policy recommendations to enhance financial support for low-carbon agricultural development. Design/methodology/approach: In this paper, the Global Malmquist Luenberger (GML) Index method was employed to analyze and decompose the ACTFP, while the direct and spillover effects of China's green finance pilot policy (GFPP) on ACTFP were assessed using the difference-in-differences (DID) method and the spatial differences-in-differences (SDID) method, respectively. Findings: After the implementation of the GFPP, the ACTFP in the pilot area has experienced significant improvement, with the enhancement of technical efficiency serving as the main driving force. In addition, the GFPP exhibits a positive low-carbon spatial spillover effect, indicating it benefits ACTFP in both the pilot and adjacent areas. Originality/value: Within the framework of the dual carbon goals, the paper highlights agriculture as a significant carbon emitter. ACTFP is assessed by considering the agricultural carbon emission factor as the sole non-desired output, and the impact of the GFPP on ACTFP is investigated through the DID method, thereby providing substantial validation of the hypotheses inferred from the mathematical model. Subsequently, the spillover effects of GFPP on ACTFP are analyzed in conjunction with the spatial econometric model. [ABSTRACT FROM AUTHOR]

Introduction: Reducing carbon emissions from agriculture is essential to ensuring food security and human prosperity. As a country with approximately 20% of the global population, China has begun actively practicing the lowcarbon agricultural development conception. Against the backdrop of disruptive technologies that continue to be integrated into various industries, the massive application of agricultural robots has opened the way to intelligent agriculture. This paper tries to answer whether there is some non-linear nexus between the application of agricultural robots and agricultural carbon emissions in China. As an essential tool for carbon emission reduction in China, does environmental regulation moderate the nexus between agricultural robot applications and agricultural carbon emissions? If so, how does this effect manifest itself? Methods: This work takes China as an example by collecting macro-regional panel data from 30 provinces from 2006 to 2019. The environmental Kuznets curve theory is extended to agricultural carbon emissions, and we carried out empirical tests utilizing the panel fixed effects model and the moderating effects model. Results: This study verifies the inverted U-shaped nexus between agricultural robotics applications and agricultural carbon emissions in Chinese provinces, i.e., the agricultural carbon emissions (ACE)-Kuznets curve holds. The higher the level of formal environmental regulation, the larger the peak of the ACE-Kuznets curve and the more the inflection point is pushed back. The higher the level of informal environmental regulation, the lower the peak of the ACE-Kuznets curve and the later the inflection point. Discussion: The findings in this paper represent the first exploration of the environmental Kuznets curve in agricultural carbon emissions. It is noteworthy that the moderating effect of formal environmental regulation does not lower the peak of the curve as we expect. This appearance is attributed to the reality that China is still in a phase of rising agricultural carbon emissions, which is exacerbated by the overlapping positive effects of agricultural robotics applications and formal environmental regulations. Informal environmental regulation is more effective than formal environmental regulation in reducing agricultural carbon emissions at this stage. [ABSTRACT FROM AUTHOR]

Carbon emission reduction is an important means of achieving climate policy goals. However, the literature has neglected consideration of the carbon emission reduction mechanism from the perspective of technology risk spillovers in international trade. To explore this mechanism, this paper expands the classical linear model of foreign trade technology risk spillovers into a nonlinear spatial Durbin model. We construct a novel technology risk spillover index to forecast the magnitude of carbon emissions in agricultural trade across different regions. To validate our model, we consider the dual connotation of the spatial diffusion of disembodied technology communication (DTC) to map the relationships between different geographic and economic regions that are adjacent. The results suggest that disembodied technology risk spillover could promote carbon emission reductions. Specifically, technology risk spillovers from agricultural trade reduce agricultural carbon emissions by 0.79–1.16% in the local region. Disembodied technology risk spillovers also reduce agricultural carbon emissions by 2.85–11.57% in geographically adjacent regions and 4.9% in economically adjacent regions. Based on these conclusions, this paper proposes improving the closed and backward situation of rural areas in China's central and western regions, promoting the transition toward the high end of the global agricultural industry chain and developing productive agricultural services and the rural cultural tourism industry to expand rural employment channels and stabilize farmers' income. [ABSTRACT FROM AUTHOR]

The land use, land-use change and forestry (LULUCF) sector, as a source and a sink of greenhouse gas (GHG) emissions, is critical for achieving carbon neutrality. Many academic journals have published papers on land use carbon emission or sink (LUCES), but LUCES reviews are relatively rare, which poses great challenges in accurately understanding the research progress and future prospects. This work analyzes the research characteristics, hotspots and future perspectives of LUCES research by using a bibliometric analysis (such as DDA, VOSviewer, CiteSpace software) and a review based on the data (6115 scientific papers) during 1991–2023 from the Web of Science (WoS) platform. We found that (1) over the past 33 years, it first presented a steady growth, then fluctuating growth, and finally a rapid growth trend in the yearly number of publications in LUCES research. The USA (17.31%), China (14.96%), and the UK (7.37%) occupy a dominant position in this research field. (2) The related LUCES research is interdisciplinary, which mainly cover science and technology, meteorology and atmospheric sciences, geology, and environmental sciences and ecology disciplines. (3) The research hotspot analysis on LUCES shows that these articles mostly covered the follow three aspects: ecosystem services, climate change, and carbon neutrality. (4) A review of the past LUCES literature suggests that it is mainly focused on exploring the forefront issues in terms of the definition and boundaries, evaluation method and influencing factors, etc. This work suggests that further research could explore the main scientific problems on quantification of land-based carbon neutrality, quantitative analysis of the impact mechanisms, as well as interdisciplinary research and collaborative governance needed for carbon neutrality. [ABSTRACT FROM AUTHOR]

This paper investigates how National Eco-industrial Demonstration Parks (NEDP) in China affects carbon emission efficiency. The difference-in-differences (DID) strategy is used for analysis. This paper finds that the construction of NEDP is conducive to the improvement of carbon emission efficiency, and the findings remain robust through placebo tests and propensity score matching. Heterogeneity analysis shows NEDP construction has greater utility on carbon efficiency in non-resource-based cities as well as in environmentally friendly cities. The mechanism analysis found that green technology innovation, industrial restructuring, and the relocation of industrial enterprises are effective ways to improve carbon efficiency in NEDP. Finally, this paper finds that the construction of NEDP has obvious spatial spillover effects on carbon efficiency, which can effectively heighten the carbon efficiency level of this locality and nearby areas. [ABSTRACT FROM AUTHOR]

The low-carbon economy represents a global transformation that encompasses production methods, lifestyles, values, national interests, and the destiny of humanity. As a significant contributor to carbon emissions, China has made a momentous strategic decision on carbon peaking and neutralization, infusing momentum into the global effort to address climate change. The rapid growth of the digital economy offers a fresh approach to achieving the "double carbon" objective and advancing the development of low-carbon transformation. Based on the panel data of 30 provinces in China, this paper uses the least square method to investigate the impact of digital economy development on regional low-carbon inclusive development. It is found that there is a significant inverted U shape in the impact of the digital economy on low-carbon inclusive development and the mechanism is resource allocation and ecological inequality. The threshold test found that the role of the digital economy in promoting low-carbon inclusive development shows a marginal decreasing trend. The inverted U-shaped impact of the digital economy on low-carbon inclusive development in the eastern and coastal areas and areas with a low level of factor productivity is more significant. Based on the knowledge factor spillover perspective, we found that the impact of the digital economy on low-carbon inclusive development has a spatial spillover effect, and this effect is more obvious under the role of R&D personnel mobility. [ABSTRACT FROM AUTHOR]

The accountability audit of natural resources (AANR) is a major institutional arrangement for advancing the construction of an ecological civilization in China. Based on the panel data of 271 cities in China from 2005 to 2017, this paper investigates the relationship between the AANR and carbon dioxide (CO2) emissions using a multi-period difference-in-differences (DID) model. The results show that AANR significantly increases the CO2 emission reduction rate by 0.009 units at the 5% significance level. The results still hold after a series of robustness tests. Given all else being equal, this significant effect is 0.001. Further analyses show that AANR improves pilot cities' CO2 emission reduction rates mainly by enhancing their green innovation capability. The mediating effect of cities' green technology innovation capability accounts for 96.00%, while the AANR's direct effect only accounts for 4.00%. The AANR has significantly positive effects of 0.017% and 0.029% for western cities and cities with high fiscal pressure at the 5% and 1% significance levels, respectively. Therefore, strengthening AANR implementation by enhancing the mediating efficiency of cities' green technology innovations and implementing dynamically differentiated AANR policies in Chinese meso-cities will contribute to the achievement of China's carbon peaking and carbon neutrality targets. [ABSTRACT FROM AUTHOR]

In the context of rapid advancement in automation and increasing global warming, understanding the impact of artificial intelligence (AI) on carbon emissions (CES) is a cutting-edge research topic. However, there is limited focus in existing research on the nonlinear carbon reduction effect (CRE) of AI. This paper first theoretically elaborates the dual impact mechanisms of AI on CES and illuminates the nonlinear carbon reduction mechanisms of AI. Then, this study employs panel data encompassing 30 Chinese provinces between 1997 and 2019 to empirically test the net effect of AI on CES and the nonlinear carbon reduction effect of AI through econometric models. The results are as follows: first, although AI can both reduce and increase CES, AI primarily helps decrease CES. This conclusion holds true even after considering robustness, endogeneity, and spatial heterogeneity. Secondly, relative to the central and western regions, AI has significant achievement in reducing carbon intensity and per capita CES in the eastern region. However, there is still room for improvement in terms of reducing the total CES in the eastern region. Thirdly, improving the AI development level (AIDL) can magnify the marginal CRE of AI and lead to a nonlinear CRE of AI. Lastly, even if the AIDL remains constant, improving the level of marketization, human capital, digital infrastructure, economic development, openness, and government intervention can also amplify the marginal CRE of AI and lead to a nonlinear CRE of AI. To fully harness the potential of AI for green development, concerted efforts should be directed towards enhancing the innovation and application of AI technologies with carbon reduction potential. [ABSTRACT FROM AUTHOR]

Reducing carbon emission intensity is crucial for achieving sustainable development. Carbon emission intensity is expressively affected by the issuance of green bonds. Thus, it is imperative to assess the influence of green bond issuance on carbon emissions and examine their correlation. Such research holds great potential to expedite the overhaul and modernization of businesses and to construct a circular economy system. This paper uses the spatial Durbin model to draw empirical conclusions by using data from 26 provinces in China between 2016 and 2021. Firstly, under different spatial matrices, it has been analyzed that an increase of 1% in the issuance of green bonds leads to a reduction of 0.306% or 0.331% in carbon emission intensity. It shows that green bonds have the potential to substantially reduce carbon intensity. Additionally, the intensity of emissions in the current period is driven by the intensity of emissions in the previous period. Secondly, the analysis of mediated transmission suggests that green bonds can ultimately reduce carbon emission intensity by changing the energy consumption structure or improving the efficiency of green technology innovation. Thirdly, the analysis of heterogeneity shows that the inhibitory effect of green bond issuance on carbon emissions is stronger in less economically developed regions than in economically developed regions. There is a significant inhibitory effect of green bond issuance in neighboring provinces on local carbon emission intensity. This effect is present only in provinces in less economically developed regions and not in economically developed regions. [ABSTRACT FROM AUTHOR]

Urban agglomeration plays a vital role in fostering high-quality and sustainable development in China, where urbanization rates significantly influence both urban and rural environments, generating different economic and socio-spatial impacts that, in turn, influence carbon emissions in cities. To delve into the influencing mechanisms of carbon emissions, this paper examines the spatio-temporal pattern of carbon emissions across 41 cities in the Yangtze River Delta urban agglomeration in China. It utilizes data on economic, social, and spatial factors from 2012 to 2019 and employs a spatial econometric regression model for analysis. The results indicate that carbon emissions of cities in the urban agglomeration exhibited strong spatial correlation from 2012 to 2019, characterized by relatively stable cold and hot spots, along with continuous outward spread of high-value zones. Economic and social factors demonstrate a significant positive spatial correlation with carbon emissions of a city, with weak spatial spillover effects. Spatial factors exhibit correlations with carbon emissions in both the city and neighboring cities, with strong spatial spillover effects. Moreover, the spatial layout and functional division of cities in the urban agglomeration also significantly impact the spatio-temporal pattern of carbon emissions. [ABSTRACT FROM AUTHOR]

The carbon emission trading pilot policy is an important initiative to achieve synergistic economic-environmental development. Based on the data of 268 cities in China from 2006 to 2020, this paper analyzes the impact of carbon emission trading pilot policy on urban innovation capacity by using a time-varying difference-in-difference model. The study shows that, first, the implementation of the CETP improves the innovation capacity of cities, and the robustness test confirms the above findings. Second, the effect of the policy on enhancing urban innovation capacity is heterogeneous between the type of innovation and city type: the promotion of innovation capacity is stronger for utility model patents and non-capital cities. Third, there is a positive spillover effect of the implementation of the CETP on the promotion effect of the urban innovation capacity, which can lead to the improvement of the innovation capacity of neighboring cities. This paper has some reference value for building a unified carbon emission trading market and promoting low-carbon economic development within China. [ABSTRACT FROM AUTHOR]

The energy saving and emissions reduction of the construction industry are crucial for China to achieve the "carbon peaking and carbon neutrality" goals. In order to promote the green development of the life cycle of the construction industry and improve the efficiency of emissions reduction. This paper examines the spatial-temporal distribution of life cycle carbon emissions in China's construction industry (LCCECI) from 2004 to 2018. It uses the SBM-Malmquist total factor productivity (TFP) index to measure technological progress and establishes the spatial econometric model based on the STIRPAT model. The study investigates the driving factors of the LCCECI at the provincial and regional levels, aiming to provide suggestions for low-carbon development in the construction industry. The research results are as follows. © The growth in the SBM-Malmquist TFP index of the construction industry distinctly curbs the LCCECI. © Total population and urbanization level are not the primary driving factors for the LCCECI. The growth of per capita GDP significantly induces the LCCECI, while concurrently exhibiting a notable inhibitory effect on the LCCECI of neighboring regions. © The improvement of the SBM-Malmquist TFP index is conducive to the reduction of the LCCECI in the three major regions. The per capita GDP has the largest positive driving effect of the LCCECI in the eastern region, and the urbanization level the urbanization rate only significantly inhibits the growth of the LCCECI in the central region. [ABSTRACT FROM AUTHOR]

Food consumption has resulted in great carbon emissions in recent years. China has been facing the new mitigation challenge of carbon emissions with its emerging middle-income groups, especially in urban areas. This paper analyzes and predicts carbon emissions from food consumption (CEFC) of middle-income groups in the Yangtze River Economic Belt (YREB), which has a higher emerging middle-income group and the highest economic corridor in China. Few studies address CEFC analysis from middle-income groups perspective; thus, this paper calculates urban–rural CEFC of middle-income groups spanning 2010–2018 and predicts them in 2025, 2030 and 2035 using the extended IPAT model. Results are as follows: (1) YREB's urban–rural CEFC of middle-income groups show an upward trend and present a spatial pattern of "low–high–low–high" from the western region to the eastern region. Urban CEFC of middle-income groups are significantly higher than that of rural areas; (2) rural CEFC of middle-income groups in the YREB will first increase in 2025 and then decrease in 2030 and 2035. The growing trend of urban CEFC of middle-income groups will show a significant downward from 2025 to 2035. The growing proportion of urban CEFC of middle-income groups will exhibit an objective growth in 2035. Understanding the changing trend of CEFC of middle-income groups provides governments with differentiated and forward-looking suggestions toward coordinating middle-income groups' expansion and carbon emissions reduction. [ABSTRACT FROM AUTHOR]

Integrated energy system is crucial in realizing China's "dual carbon" targets. Considering the carbon capture based electricity to gas and the interaction of multiple markets, this paper proposes a low-carbon operation optimization method of integrated energy system. In terms of market policy, a coupling trading mechanism for carbon trade and green certificates is established. This approach is intended to delve into the profound significance of utilizing green certificates in carbon emission reduction. In terms of equipment models, the coupling model of carbon capture equipment with coal-fired cogeneration unit, as well as power-to-gas equipment with renewable energy, is constructed. In addition, this equipment model is introduced into the operation optimization scheduling of the comprehensive energy systems. A low-carbon economic operational strategy is further proposed to minimize the daily operational costs, by which the integrated energy system is eco-nomically, environmental protection optimized. To verify the effectiveness and feasibility of the proposed model, this paper sets up several comparison scenarios and conducts the simulations using GUROBI solver. The results show that the proposed strategy can effectively improve the uptake rate of renewable energy, reduce the carbon emission, improve the operation economy, and realize the complementary incentive effect between markets. [ABSTRACT FROM AUTHOR]

Under the goal of " carbon peaking and carbon neutrality," how to create a low-carbon and green development path for cities is an urgent problem in China. One of the effective ways to solve this problem is through industrial collaborative agglomeration. In this paper, panel data of 276 prefecture-level cities in China from 2010 to 2020 was selected to investigate the relationship between the collaborative agglomeration of manufacturing and producer service and carbon emission intensity by using a fixed-effects model, intermediary model, and SDM in multiple dimensions. The study found that the collaborative agglomeration of manufacturing and producer service industries significantly influences carbon emission intensity with an inverted U-shaped curve, and the agglomeration of manufacturing and producer service industries can influence carbon emission intensity through technological progress. In addition, the inverted U-shaped impact of collaborative agglomeration of manufacturing and producer services on carbon emission intensity has a spatial spillover effect, and the spatial spillover effect generated is stronger than the impact on the local area. Moreover, from the perspective of industry heterogeneity, compared with low-end producer services, the agglomeration of manufacturing and high-end producer services can play a better role in carbon emission reduction. Regarding regional heterogeneity, compared with the central and western regions, the impact of manufacturing and production services agglomeration on carbon intensity is far more obvious in the more economically developed eastern regions. [ABSTRACT FROM AUTHOR]

Based on the data of listed companies in China's iron and steel industry from 2007 to 2020, the article investigates the impact mechanism and the path of action of China's carbon emissions trading pilot on the green total factor productivity of iron and steel enterprises by constructing a multi-period difference-in-difference model difference-in-differences. The study finds that: 1) China's iron and steel enterprises significantly improve their green total factor productivity driven by the carbon trading pilot, and the findings pass the corresponding robustness tests. 2) the mechanism analysis indicates that the carbon trading pilot promotes the green total factor productivity of iron and steel enterprises by forcing the technological progress of enterprises. 3) The heterogeneity analysis shows that the positive effect is more significant for large iron and steel enterprises with high social responsibility rating and high local government competition intensity, but not for small enterprises with low social responsibility rating and low local government competition intensity. 4) the dynamic effect shows that there is a certain lag in the promotion effect of the carbon emission trading pilot on the green total factor productivity of iron and steel enterprises, but its long-term effect is more obvious. This paper puts forward corresponding suggestions for accelerating the construction of a national unified green and low-carbon market system and actively promoting the deepening of the "dual-carbon" goal. [ABSTRACT FROM AUTHOR]

This study estimates the environmental impacts of Bitcoin mining. Employing a top-down measurement approach, this paper assesses the carbon footprint of Bitcoin mining in China from 2017 to 2021. The findings reveal that mining activities during this period contributed to a total of 77.84 million tons of carbon dioxide emissions in China. By utilizing data at the provincial level, we find that the seasonal migration of Bitcoin mining pools will lead to regional power demand shocks in China. Additionally, this study predicts future carbon emissions from Bitcoin mining in China, projecting cumulative carbon dioxide emissions of 76.40 million tons and 722.18 million tons by 2030 and 2060 respectively, in the absence of any policy interventions. Based on these findings, this paper posits that governments worldwide should make efforts to restrict the carbon emissions from Bitcoin mining and opt for environmentally friendly technological methods to fundamentally alleviate Bitcoin's reliance on energy. The implication for central banks is that carbon emission should be taken into consideration when designing the central bank digital currencies (CBDCs). [ABSTRACT FROM AUTHOR]