Search

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]

At present, China is in the period of large-scale tax and fee cuts and external pandemic shocks. Local governments' financial pressure has intensified. There is a lack of existing studies on how it will affect local carbon emissions. This paper uses the quasi-natural experiment of the 2010 educational authority reform to measure exogenous changes in financial pressure. It adopts the continuous double differential method to empirically investigate the impact of local financial pressure on carbon emissions. The results of the paper are as follows. First, the financial pressure generated by the educational authority reform has significantly increased local carbon emission intensity. This indicates that local governments will address carbon emissions in other ways when they feel financial pressure. Second, to ease financial pressure, local governments will regulate high energy-consuming enterprises and utilize their high production value and strong tax-generating ability to scale up their production capacity and obtain more tax revenues, which will lead to a large amount of carbon emissions. This study is of important reference significance for how to deal with financial pressure from now on and how to well handle the relationship between local finance and carbon emissions. [ABSTRACT FROM AUTHOR]

The allocation mechanism for carbon emissions permit(CEP) is an institutional guarantee for advancing the development of China's unified carbon trading market. The initial allocation of carbon quotas fails to solve new inequalities stemming from subsidizing cleaner production. This paper constructs a theoretical framework that describes China's progressive decline in carbon intensity, calculates the equilibrium solution on the neoclassical saddle point path using the shooting method, and studies the income distribution imbalance caused by cleaner production subsidies and the reallocation mechanism of carbon emissions permit The main conclusion is that the incremental cleaner production subsidy policy meets the goal of maximizing welfare on the saddle point path, but it may lead to over-investment in the clean sector, thus causing the income distribution imbalance among entities. Further research suggests that the amount of carbon emissions permit acquired by the clean sector should be higher than the actual emissions in the trading market and that, as the cleaner support increases, the share of carbon emissions permit acquired by the sector should be constantly increased through reallocation mechanism. This helps achieve the Pareto improvement in all parties' economic benefits. [ABSTRACT FROM AUTHOR]