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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]

Carbon price prediction is of great importance to regulators and participants in the carbon trading market. It is the basis for developing policies related to the carbon trading market and stabilizing that market. Considering the numerous factors that influence carbon prices in China, dimensionality reduction is needed to improve the prediction accuracy and efficiency. However, the traditional dimensionality reduction methods fail to fully consider the role of influencing factors, which has certain limitations. In this paper, a new dimensionality reduction method, namely scaled principal component analysis (s-PCA), is employed to improve the prediction accuracy of carbon prices. Firstly, a factor library that influence carbon prices is constructed from three perspectives: technical indicators, financial indicators and commodities indicators. Then, the s-PCA method is used to reduce the dimensionality of factors influencing carbon price. Next, two different methods are used to predict carbon prices, including traditional regression method and Long Short-Term Memory (LSTM) method. Finally, the economic value of the s-PCA method is examined by constructing investment portfolios. The empirical results of the Hubei Emissions Exchange show that the s-PCA model outperforms other competing models both in- and out-of-sample. In addition, the LSTM model could improve the performance of the s-PCA model in carbon price prediction. From a market timing perspective, investors can achieve a greater return and a larger Sharpe ratio using the s-PCA method than using other comparative methods and buy-and-hold strategy. Therefore, the s-PCA method is effective and robust in predicting carbon price. [ABSTRACT FROM AUTHOR]

Strengthening the synergistic management of carbon and haze is an important means to realize China's "carbon peaking and carbon neutrality goals" and green development. In this paper, the entropy method is used to measure the key core technology innovation level of 30 provinces in China from 2011 to 2021, and the fixed-effect model is used to empirically test the impact of key core technology innovation on carbon haze synergistic governance and the internal mechanism. The study found that (1) key core technological innovation helps to promote carbon haze synergistic governance. (2) The mechanism test shows that key core technology innovation promotes the synergistic management of carbon haze by improving the clean energy structure. (3) The moderating effect shows that both market incentives and government environmental regulations will strengthen the positive relationship between key core technology innovation and carbon haze synergistic governance. The main contribution of this paper is to reveal the influence mechanism of key core technology innovation on carbon haze synergistic governance, and also to provide theoretical basis for the mechanism and law of carbon haze synergistic governance. [ABSTRACT FROM AUTHOR]

In 2023, China's crude steel production amount reached 1.019 billion tons, and the energy consumption of China's steel industry amount reached 561 million tons of coal. China's steel industry, with its dominant reliance on coal for energy and the primary use of blast furnaces and converters in production processes, as well as its massive output, has become the main field for achieving China's "carbon peaking" and "carbon neutrality" goals. Firstly, this article summarizes the current production status of the steel industry and the situation of carbon emissions in the steel industry. Secondly, it discusses the dual-carbon policies based on the national and steel industry levels and outlines the future directions for China's steel industry. Subsequently, it analyzes the current state of research and application of mature and emerging low-carbon technology in China's steel industry and details the low-carbon plans of China's steel companies using the low-carbon technology roadmaps of two representative steel companies as examples. Finally, the article gives policy suggestions for the further carbon reduction of China's steel industry. The purpose of this paper is to show the efforts and contributions of China's steel industry to the early realization of its "carbon peaking" and "carbon neutrality" goals. [ABSTRACT FROM AUTHOR]

Promoting the inclusion of blue carbon in market trading is crucial for recognizing its value and protecting the marine ecological environment. However, China currently does not have an internationally influential blue carbon market trading platform, which hampers the transmission of supply and demand in the blue carbon market and prevents the realization of blue carbon value. In this study, we analyze the feasibility and necessity of establishing a trading mode for the blue carbon market in China. The introduction of futures trading in the blue carbon market’s trading mode allows for the use of futures pricing methods and multiple financial instruments to address the challenges of income cost mismatch in blue carbon project development. The paper also discusses key strategies for the development of China’s blue carbon market, including the creation of a blue carbon trading methodology, the improvement of preservation and appreciation mechanisms, and the establishment of a unified trading platform. These strategies aim to provide intellectual support and decision- making reference for the construction of the market. [ABSTRACT FROM AUTHOR]

Energy-consuming rights trading (ECRT) policy represents a critical policy instrument for China striving to achieve its “dual carbon” objectives, captivating significant attention for its potential to reduce pollution and carbon emissions. This study utilizes panel data from 290 Chinese cities spanning 2010 to 2021, leveraging the ECRT policy as a quasi-natural experiment. Employing Difference-in-Differences (DID) and Propensity Score Matching-Difference-in-Differences (PSM-DID) methodologies, we assess the effect of the ECRT policy on urban pollution and carbon reduction levels. The findings indicate: 1) Relative to non-demonstration cities, the ECRT policy significantly enhances pollution and carbon reduction levels in demonstration cities; this conclusion remains robust after rigorous testing. 2) Heterogeneity analysis indicates that the policy’s effect on pollution and carbon reduction is more significant in the central and western regions, and particularly evident in key and resource-based cities. 3) Mechanism tests demonstrate that the policy facilitates urban pollution and carbon reduction by cultivating green technological innovation and industrial structure upgrading. Therefore, to further advance the ECRT policy, it is necessary to expand the breadth, depth, and flexibility of policy implementation, while also optimizing environmental regulations to fully leverage the system’s potential in enhancing urban pollution and carbon emissions. [ABSTRACT FROM AUTHOR]

As a powerful engine for economic reform and curbing carbon emissions, digital inclusive finance provides solid support for achieving the goal of digital carbon neutrality. This study reveals the positive effect of digital inclusive finance on carbon emission reduction and the deeper reasons behind it by digging deeper into the panel data of 213 cities in China. The study adopts advanced empirical analysis methods to rigorously test the association between digital inclusive finance and carbon emissions. The results show that there is a strong positive correlation between the booming development of digital inclusive finance and the significant decline in carbon emissions. This finding remains solid after several rounds of robustness tests, which fully proves the reliability of the research results. Further mechanism analysis reveals the multiple paths of digital financial inclusion on carbon emission reduction. First, it promotes the optimization and upgrading of industrial structure by optimizing the allocation of financial resources, thus reducing the proportion of high-carbon emission industries. Second, digital inclusive finance attracts more foreign capital inflows and introduces advanced low-carbon technologies and management experience, further promoting the development of low-carbon economy. In addition, the study also found that the differences between different cities in terms of geographic location and city size have a significant impact on the carbon emission reduction effect of digital inclusive finance. In particular, the carbon emission reduction effect of digital inclusive finance is particularly significant in western regions, central cities, and first-tier cities. In response to these findings, this paper proposes a series of targeted policy recommendations. First, the financial service system should be further optimized to increase the coverage and penetration of digital inclusive finance, especially in less developed regions and small- and medium-sized cities. Second, regional policy synergies should be strengthened to form a strong synergy to promote the development of a low-carbon economy. In addition, it should guide capital flows to low-carbon industries and encourage enterprises to increase green technology research and development and application, while actively promoting low-carbon consumption concepts and guiding consumers to form green consumption habits. Through the implementation of these measures, it is expected that the potential of digital inclusive finance in the development of a low-carbon economy will be further stimulated, making a greater contribution to the realization of the goals of carbon peaking and carbon neutrality. [ABSTRACT FROM AUTHOR]

This paper uses green innovation and environmental pollution as the mediating variables to construct a mediating effect model to investigate whether China's carbon emission trading policy can improve regional eco-efficiency by reducing regional environmental pollution and stimulating green innovation. This study is based on panel data from 30 provinces and municipalities directly under China's central government and autonomous regions from 2003 to 2019. The eco-efficiency of these provinces is measured using the super-efficiency DEA model and the difference-in-difference method (DID). The results show that (1) China's emission trading policy significantly improves regional ecological efficiency and the per capita GDP. The improvement can effectively improve regional ecological efficiency. (2) The mediating effect of green innovation and environmental pollution is significant. That is, China's carbon emission trading policy further improves regional ecological efficiency by stimulating more green innovation and reducing the synergy brought by environmental pollution. (3) There are differences in the feedback of this impact mechanism between different regions: It shows the characteristics of the western region being more significant than the eastern region. The central region has no significant effect. The research conclusion can provide a policy reference for the subsequent unified promotion of the construction of a carbon emission trading market nationwide and a theoretical basis for helping to achieve the "dual carbon" goal. [ABSTRACT FROM AUTHOR]

The digital economy and the pursuit of carbon peak and carbon neutrality have emerged as crucial focal points for China's future development. However, the intricate relationship between the digital economy and carbon intensity remains uncertain. Based on the construction of the digital economy evaluation index system, using panel data for 30 provinces in China from 2011 to 2019, this study estimates the impact of the digital economy development on carbon intensity by adopting the system-generalized method of moments (SYS-GMM) technique. The results show that the digital economy can effectively reduce the carbon intensity. This conclusion was supported by robustness tests. However, the carbon emission reduction effect of the digital economy exhibits heterogeneity with respect to the digital economy dimensions and regions. In addition to digital industrialization and industrial digitization reducing the carbon intensity, the digital economy development carrier has an inverted U-shaped nonlinear relationship with carbon intensity. Additionally, the digital economy has a more obvious inhibitory effect on carbon intensity in the eastern region. Most importantly, besides the mediating effects of technological progress and financial development, this paper finds that the digital economy can increase carbon intensity through human capital accumulation. These conclusions provide a certain scientific basis for the effective implementation of China's digital economy and carbon peak and carbon–neutral development strategy. [ABSTRACT FROM AUTHOR]

The low-carbon transition is a systemic economic and social change that will inevitably have an impact on many areas of the urban system. Has China's ongoing low-carbon transition impacted urban resilience (UR) systems while achieving urban energy saving and carbon emission reduction goals? This paper uses the implementation of the carbon emissions trading pilot policy (CETPP) as a "quasi-natural experiment." It evaluates the impact of the policy on UR using a difference-in-differences model based on the data of prefecture-level cities from 2008 to 2020. The study shows that pilot carbon trading policies favor UR, and the market mechanism of carbon emissions has a heterogeneous cause influence on UR. The impact of pilot carbon trading policies on UR varies according to the respective moderating effects of institutional factors, green technology innovation, industrial structure rationalization, and output effects. [ABSTRACT FROM AUTHOR]

New urbanization plays an important role in China's regional economic growth and green transformation. In this stage of high-quality economic development, the effect of the government-led new urbanization policy on reducing pollution and carbon emissions needs to be verified. Based on the data of 180 prefecture-level cities in China from 2004 to 2020, this paper built a difference-indifferences model from the two dimensions of ' pollution' and ' carbon emission' to empirically test the effect of the reduction of pollution and carbon emissions in new urbanization and its influencing mechanisms. The results showed that: (J) The new urbanization construction had a significant effect of reducing pollution and carbon emissions, which was characterized by its annual increase. The conclusion was still robust after validity and robustness tests. © Based on the ' location-feature-scale' dimensional urban heterogeneity, the effect of the reduction of pollution and carbon emissions was more significant in the samples of eastern cities, non-resource-based cities, cities with high human capital, and larger cities. Quantile estimation results showed that this effect in the new urbanization construction was increasing marginally. © Mechanism analysis showed that the new urbanization construction could not only directly promote the reduction of pollution and carbon emissions, but also effectively promote this reduction by fostering the overall upgrading of industrial structure, service structure, and performance-based technological innovation. However, the impact of input-based technological innovation on this reduction was not obvious. This article offers new ideas for the next stage of regional pollution control in China. It is suggested that the government should promote the synergy between the new urbanization and the reduction of pollution and carbon emissions and release the dividends of the new urbanization in regional green development in a more effective way with the help of industrial structure upgrading and performance-based technological innovation. [ABSTRACT FROM AUTHOR]

To attain China's target of carbon neutrality by 2060, the implementation of the Energy Consumption Trading (ECT) system serves as an effective approach to improve energy efficiency and mitigate CO 2 emissions. Nevertheless, it is crucial to consider not only the importance of carbon reduction effect caused by ECT system but also the associated cost. Therefore, this paper applies the spatial difference-in-differences (SDID) model to assess the direct and spillover impacts of the ECT policy on the carbon abatement cost, which is measured by shadow price of CO 2 emissions and calculated using SBM-DEA model. Panel data encompassing 279 Chinese cities from 2010 to 2019 are employed for analysis, with additional insights provided through heterogeneity and mechanism analyses. The results show that ECT policy increases the local carbon abatement cost in pilot cities but decreases the cost of surrounding cities. Meanwhile, such a declination effect in neighboring cities with a spatial attenuation boundary of 1000 km. The heterogeneity analysis suggests that the implementation of ECT policy leads to an increase in the carbon abatement cost in cities located in non-Eastern Coastal regions, cities with abundant natural resources and cities with small populations. The mechanism analysis indicates that the ECT policy implementation facilitates the improvement of green technology in the neighboring cities of the pilot project, consequently lowering the carbon abatement cost. Besides, this policy also results in a decrease in the carbon intensity of the pilot cities. Owing to the U-shaped association between carbon intensity and the carbon abatement cost, the policy implementation stimulates an increase in the cost within the pilot cities. • This paper estimates the carbon abatement cost (MAC) using SBM-DEA method. • The SDID model is used to investigate the impacts of ECT policy on carbon MAC. • We test whether green technology and carbon intensity are mediating variables. • ECT policy increases the carbon MAC in pilot cities through carbon intensity. • ECT policy lowers the carbon MAC of adjacent cities through the green technology. [ABSTRACT FROM AUTHOR]

The carbon neutrality agenda requires that carbon lock-in enters an endgame. A well-developed energy system, which is secure, equitable, and sustainable is paramount to getting rid of carbon lock-in and realizing decarbonization. We carry out systematic research to empirically study the possible carbon lock-in reduction effect of energy trilemma based on the instrumental variable-generalized method of moment (IV-GMM) model. We also detect heterogeneous effects in terms of geographical locations and endowments of capital, as well as the impact mechanisms. Moreover, this paper highlights the mediating and threshold role of environmental regulation. We thus get the following conclusions. (1) The paper's primary findings underscore that the continuous increase of energy trilemma exacerbates carbon lock-in and hampers the process of decarbonization; (2) Energy trilemma has a higher stimulating effect on carbon lock-in in provinces that lie in the central region and that have a comparatively low level of physical, social, and human capital; (3) Energy trilemma can also indirectly aggravate carbon lock-in by inhibiting technology innovation and exacerbating carbon emissions intensity; (4) The interaction of environmental regulation and energy trilemma can alleviate the energy trilemma - carbon lock-in nexus, and environmental regulation also shows a significant threshold effect. • We investigate the impact of the energy trilemma on carbon lock-in. • Energy trilemma eradication is an effective way to realize the carbon lock-in endgame. • The nexus between energy trilemma and carbon lock-in is more prominent in provinces with high capital endowments. • Environmental regulation shows significant mediating and threshold effects. • The exacerbate carbon lock-in effect of energy trilemma depends on technology and intensity effect. [ABSTRACT FROM AUTHOR]

China has committed to peak carbon emissions by 2030 and become carbon neutral by 2060. Hebei, as a major energy province in China, has more challenging carbon peaking and carbon neutrality targets. Based on the extended STIRPAT model, this paper evaluates the time to peak carbon and post-peak carbon trend changes in Hebei province under different scenarios from 2020 to 2060. Based on the support vector machine model with particle swarm optimization, this paper evaluates the carbon neutral pathways under different scenarios in Hebei province from 2020 to 2060 in terms of forests, croplands, wetlands, grasslands and Carbon Capture, Utilization and Storage (CCUS). The results show that a monotonically flat trend without inflection point, a single-inflection-point plateau-period trend and a multi-inflection-point inverted U-wave trend occur after carbon peaks. Hebei Province can achieve carbon neutrality by 2060 under the policy scenario and the enhanced scenario, and the enhanced scenario is better. Comparing with existing studies, the innovation of this paper is to design different trends of changes after carbon peak, combining carbon absorption and carbon emission, and providing more diversified development paths for carbon neutral strategies through a more integrated perspective and multi-scenario comprehensive analysis. Therefore, In the future, Hebei Province should establish a platform for carbon emissions monitoring and carbon footprint assessment, and set up an early warning and assessment mechanism for carbon peaking, so as to prevent a rebound trend in carbon emissions after peaking. At the same time, it should introduce and develop carbon capture and conversion technologies and promote the low-carbon transformation of the industrial and energy sectors, thereby forcing the early realization of peak carbon. Pay attention to the role of forestry resources in carbon neutrality, increase carbon sink resources such as forests and wetlands, promote the development of CCUS, and enhance the implementation of the policy. [ABSTRACT FROM AUTHOR]

Given the phase-out of subsidies, the Chinese government has issued a series of non-subsidized industrial policies to support the development of the power Lithium-ion Battery (PLiB) industry, recognized as pivotal for achieving carbon neutrality in the transportation department. However, existing literature provides limited evidence on the contribution of non-subsidized industrial policies, particularly to the PLiB industry. To bridge this gap, using data of 31 PLiB listed firms and 279 relevant non-subsidized industrial policies, this paper analyzes the effects of non-subsidized industrial policies on the global value chain (GVC) embedding position. The results reveal that non-subsidized industrial policies significantly raise the GVC embedding position of Chinese PLiB firms, and the positive effects are prone to increase over the research period. Further investigation shows that there is heterogeneity among PLiB firms, with the raising effects on the GVC embedding position being more significant in eastern and middle PLiB firms, private PLiB firms and midstream PLiB firms. The mechanism verification shows that non-subsidized industrial policies raise GVC embedding position of PLiB firms through technological innovation effect and scale economy effect, while competitiveness effect does not give full play. These findings provide important recommendations for better design of the industrial policies to improve the international competitiveness of PLiB industry and other strategic emerging industries. • This study investigates the effects of industrial policy from the perspective of non-subsidized industrial policies. • Non-subsidized industrial policies raise global value chain embedding position of China's Power Lithium-ion Battery firms. • Mechanisms of technological innovation effect, scale economy effect and competition effect are verified. [ABSTRACT FROM AUTHOR]

• Integration of blockchain characteristics into the collaborative carbon emission reduction game model of both the supply and demand sides of electricity is proposed to encompass source control and terminal suppression. • Blockchain is utilized to trace electricity types within the electricity market and to quantify the carbon emissions generated by the demand side of electricity. • By incorporating blockchain, users can actively engage in individual-level carbon trading to control and reduce carbon emissions. • Blockchain facilitates enhanced carbon emission reduction efforts by the power supply side. The task of carbon emission reduction is severe in the power industry in China under the national goal of "carbon peaking and carbon neutrality". The current carbon reduction is mainly based on supply side, but the effect is limited. To solve this problem, this paper proposed a coordinated supply–demand carbon emission reduction strategy based on blockchain technology. Based on the carbon emission reduction of complementary thermal power and renewable energy under the carbon trading mechanism of power supply side, users are made to participate in the individual level carbon trading mechanism with the help of blockchain technology, and the carbon emission reduction in power demand side is guided through the market mechanism, thus forming a supply–demand collaborative carbon emission reduction strategy of source side control and terminal inhibition. By analyzing the decision changes of both the supply and demand sides of electricity before and after the introduction of blockchain, quantifying the influence of blockchain on electricity quantity, electricity price and users' utility in turn, and establishing the personal carbon trading mechanism supported by blockchain, a game model of two-side interaction between supply and demand was constructed. The simulation results show that the collaborative carbon emission reduction strategy based on blockchain gives full play to the potential of carbon reduction in power demand side, and the personal carbon trading mechanism can better inhibit terminal carbon emissions, which is conducive to the deep carbon emission reduction of the power industry. [ABSTRACT FROM AUTHOR]

This paper delineates the impact of digital infrastructure construction (DIC) on carbon emission efficiency (CEE) within the ambit of China's "Broadband China" pilot policy (BCP). A quasi-natural experimental framework reveals direct effects, indirect influences, non-linear relationships, and spatial heterogeneity of DIC on CEE. The research distills several pivotal insights: (1) DIC exerts a markedly positive impact on CEE, as evidenced by comprehensive robustness analyses. (2) The digital service industry agglomeration and green technology innovation act as key mechanisms through which DIC influences CEE. (3) The intensity of BCP exhibits an "inverted U-shaped" relationship with CEE. As the level of CEE increases, the impact of DIC on CEE gradually rises, demonstrating a marginal increasing effect. (4) The spatial spillover effects of DIC on CEE vary with increasing distance, revealing a dichotomy: an "agglomeration shadow" within 200 km of policy pilot cities and a pronounced stimulative effect on CEE within a 200–300 km radius. (5) The efficacy of DIC in enhancing CEE is augmented by proximity to central cities, with the optimal radius of influence for central cities determined to be 200 km, beyond which a diminishing gradient effect is observed, forming a "core-peripheral" spatial pattern. The findings endorse the strategic augmentation of digital infrastructure as a lever for economic and environmental co-benefits, steering towards carbon neutrality and equitable regional development. [ABSTRACT FROM AUTHOR]

Substituting renewable energy for coal power under the carbon neutrality goal is an inevitable path for power system transformation, while the high share of renewable energy leads to a rapid rise in system flexibility demand. Currently, coal-fired power is still one of the most economical and reliable large-scale flexible resources in China. Therefore, the issue of how to mitigate the conflict between cleanliness and flexibility for coal-fired power is urgent to be solved. Accordingly, this paper established an optimization framework for the retirement and technology adoption of coal-fired power units with high spatial-temporal resolution, and the regional carbon emission budget is estimated from a top-down perspective. Secondly, a dynamic carbon quota allocation method considering technological innovation and adoption is proposed. The carbon trading cost of the units is evaluated from a bottom-up perspective, to realize the interaction between the obligatory policy constraints of the top-level target and the flexible incentives of the market mechanism. Finally, the empirical analysis was conducted in the Beijing-Tianjin-Hebei region of China. The optimal solution achieved by proposed method results in a substantial 27% reduction in total costs while keeping the increase in carbon emissions below 3%. By analyzing the dynamic evolution path of coal and the scale of diffusion of multi-type technologies, the differences in the roles coal power assuming at various stages of decarbonization are discussed. The robustness of the model and the validity of the proposed method were verified by comparing the dynamic/static carbon quota allocation. Overall, this study provides an effective optimization model for investigating the low-carbon technology adoption timing for coal power in Beijing-Tianjin-Hebei region, and offers valuable insights for other coal-dominated emerging economies seeking for power system transformation roadmap in the forthcoming net-zero carbon age. • A decision-making optimization model of CCPs low-carbon technology is proposed. • A dynamic CET system with upper-lower layer interaction is introduced. • The proposed dynamic CET system results in 27% reduction in total costs. • The high-resolution data of coal power in Beijing-Tianjin-Hebei region are used. • The strategy to solve the conflict between cleanliness and flexibility is given. [ABSTRACT FROM AUTHOR]

The aim of the paper is to evaluate empirically the main implications of digital technology (DT) on carbon emissions (CE). Our sample focuses on 283 cities of China over the period from 2003 to 2019, and the effect of DT on CE is examined with a threshold spatial effect model. Empirical results show that DT has a negative impact on carbon emissions and the transmission mechanism contains both a direct impact on local region and a spillover effect across regions. There is empirical evidence of a threshold effect in the relationship between DT and CE, with stronger carbon reduction effect for DT values larger than the established threshold. Moreover, CE reduction effect of DT appear to be amplified by the level of marketization. Regions with a higher level of marketization thus show a more significant manifestation of CE reduction effect attributed to DT. Our results provide empirical evidence that DT development may contribute to achieving carbon neutrality at least partially. [ABSTRACT FROM AUTHOR]

Accurately predicting carbon trading prices using deep learning models can help enterprises understand the operational mechanisms and regulations of the carbon market. This is crucial for expanding the industries covered by the carbon market and ensuring its stable and healthy development. To ensure the accuracy and reliability of the predictions in practical applications, it is important to evaluate the model's robustness. In this paper, we built models with different parameters to predict carbon trading prices, and proposed models with high accuracy and robustness. The accuracy of the models was assessed using traditional survey indicators. The robustness of the CNN-LSTM model was compared to that of the LSTM model using Z-scores. The CNN-LSTM model with the best prediction performance was compared to a single LSTM model, resulting in a 9% reduction in MSE and a 0.0133 shortening of the Z-score range. Furthermore, the CNN-LSTM model achieved a level of accuracy comparable to other popular models such as CEEMDAN, Boosting, and GRU. It also demonstrated a training speed improvement of at least 40% compared to the aforementioned methods. These results suggest that the CNN-LSTM enhances model resilience. Moreover, the practicality of using Z-score to evaluate model robustness is confirmed. • Deep learning by combined CNN-LSTM networks for carbon price forecasting. • Hyperparameter tuning of deep learning models for improving forecast accuracy. • CNN-LSTM models outperform single CNN models and single LSTM models. • Performance metric of deep learning for abrupt changes in carbon price variation. [ABSTRACT FROM AUTHOR]

The China Certified Emission Reduction scheme (CCER) and the Cap-and-Trade (CaT) mechanisms jointly constitute the Emission Trading Scheme (ETS), which is expected to have a profound impact on China's social and economic decarbonization. However, previous studies have primarily focused on the impact of the CaT mechanism, neglecting the fact that CCERs serve as a carbon offset trading mechanism. This paper focuses on the impact of the CCER mechanism on China's energy economy and environment by constructing a recursive dynamic computable general equilibrium model that couples CaT and CCER mechanisms. Introducing the CCER mechanism based on the CAT mechanism leads to increased output and reduced prices in renewable energy sectors, cascading positive effects across various energy-utilizing sectors to counter the decline in Gross Domestic Product (GDP) and residential welfare. The finding suggests that China's unique CCER mechanism is poised to play a more important role in promoting renewable energy to mitigate global warming, given its potential to transform the structure of energy production and consumption. Finally, targeted policy recommendations are proposed for implementing the CCER mechanism. [ABSTRACT FROM AUTHOR]

The Chinese government announced the clear goal of attaining carbon neutrality by 2060, in order to gradually achieve net-zero carbon dioxide (CO2) emissions, whose impact on global warming needs to be reduced while also a sustainable industry needs to be promoted. Recognizing the critical role of Green Human Resource Management (GHRM) in supporting green innovation and achieving the carbon neutrality agenda, this study aims to fill a research gap by emphasizing this overlooked nexus. The former examines the influence of GHRM, green innovation, and carbon neutrality on environmental performance by carefully analyzing the current literature on China's achievement of carbon neutrality and its implications for environmentally friendly performances. The current study assesses the planning frameworks of the country, explores the concept of achieving carbon neutrality, and evaluates the practical implications. [ABSTRACT FROM AUTHOR]

Using panel data for Chinese prefecture-level and above cities from 2003 to 2017, we employed the difference-in-differences (DID) method to explore whether innovative city constructions reduced carbon emissions. The results show that innovative city constructions significantly curb carbon emissions in Chinese cities, which is supported by a series of robustness tests. Specifically, we found that innovative city constructions could reduce carbon emissions by 5.21%, which is equivalent to a total of about 5.46 million tons. In addition, we provided evidence that innovative city constructions curb carbon emissions by promoting technological innovation, industrial upgrading and industrial green development, ecological improvement, and government intervention. Furthermore, heterogeneous results indicate that the carbon reduction effect of innovative city constructions is mainly found in eastern cities and cities with better industrial development and human capital base. Our findings further enrich the study on the environmental benefits of national innovation incentives and public policies and provide important insights in carbon neutrality and achieving sustainable development, especially for developing and emerging market countries. [ABSTRACT FROM AUTHOR]

China's digital economy has been expanding rapidly in the past decade. This expansion is having a profound impact on the country's economy. Using panel data on 97 prefecture-level cities in the Yellow River Basin from 2011 to 2020, this study investigates the multifaceted relationship between the digital economy and total-factor carbon emission efficiency. The research yields three key findings: (1) The digital economy positively enhances overall carbon emission efficiency. This conclusion is drawn with robustness tests. (2) Green technology innovation serves as a partial mediator between the digital economy and total-factor carbon emission efficiency, and this mediation role is influenced by government intervention, which negatively moderates the relationship between the digital economy and green technology innovation but positively impacts the mediation role of green technology innovation between the digital economy and total-factor carbon emission efficiency. (3) The positive impact of the digital economy on total-factor carbon emission efficiency is more significant in the upper reaches, lower reaches, and resource-based cities of the Yellow River Basin. These findings provide new perspectives and empirical evidence for better understanding the relationship between digital economy development and total-factor carbon emission efficiency. They also provide policy recommendations for achieving strategic objectives, including digital economy development, carbon emission reduction, carbon peaking, and carbon neutrality. [ABSTRACT FROM AUTHOR]

Digital technologies are a key driver of carbon peaking and carbon neutrality. However, as the physical foundation supporting digital technology, how digital infrastructure affects carbon emissions is unclear. Based on the panel data from 2008 to 2019, this paper examines the impact of the Broadband China Policy on carbon emissions by adopting a multi-period difference-in-differences (DID) method. The empirical findings indicate that, first, digital infrastructure development plays a significant role in reducing carbon emissions in China. Second, the Broadband China Policy significantly reduces carbon emissions especially in China's low-carbon emission regions, high-level digitization regions, and non-resource-cursed regions. Third, the implementation of the Broadband China Policy facilitates carbon emissions reduction through the promotion of green technology progress, optimization of industrial structures, green transformation of residents' lifestyles, and electrification of energy mix. Finally, the Broadband China Policy has a positive spatial spillover effect on the carbon intensity in the surrounding regions of pilot cities, but it has no significant effect on the total carbon emissions and per capita carbon emissions in the surrounding regions. The results provide important insights for digital infrastructure construction to achieve a win-win situation for economic development and emission reduction. • It explores the impact of Broadband China Policy on carbon emissions reduction. • Digital infrastructure development has positive impact on reducing carbon emissions. • The reduction effect is heterogeneous in regions with different characteristics. • Carbon emissions can be reduced at both industrial and individual levels. [ABSTRACT FROM AUTHOR]