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It will contribute to ameliorating the national carbon trading system and further benefit the realization of China's carbon peaking and carbon neutrality goals through in-depth study and summarize the effectiveness of carbon trading policy implementation in pilot areas. Based on the multi-phase difference-in-differences approach and synthetic control method, this paper utilizes China's provincial panel data from 2006 to 2020 to comprehensively assess the Porter effect (including the economic and green innovation effects) and carbon mitigation effect of carbon trading policy from the overall and local perspectives. Then the robustness test and mechanism analysis are carried out. The findings show that: (1) from the overall effect, the carbon trading policy brings a noticeable carbon mitigation effect and Porter effect, and the intensity of the impact keeps changing over time; (2) there is significant heterogeneity in the local effects of this policy on the eight pilot provinces and cities, with only Chongqing obtaining both the Porter effect and the carbon mitigation effect, while the rest of the regions do not yield the triple dividend of economic, environmental, and green innovation simultaneously; (3) there are much more prominent environment and green innovation effects in the developed regions, while the underdeveloped ones have better economic development and no green innovation effect; (4) the policy can bring environmental and economic dividends through energy structure optimization. However, due to the carbon rebound effect, stimulating green innovation pathways can only boost the economy while carbon emissions increase instead. The research conclusions can provide the decision support and policy direction for policies related to China's carbon market. [ABSTRACT FROM AUTHOR]

Accelerating the energy transition of rural households in mountainous areas is an important step to improve energy poverty and mountain ecosystems and to help achieve carbon peaking and carbon neutrality. This paper explores the transformation of rural cooking energy in mountainous areas based on field investigation data from six villages in Chongqing. It systematically reveals the transformation process, driving factors and carbon emission changes in household cooking energy consumption in mountainous areas in the past 20 years by using mathematical statistics, multinomial logit models and the emission coefficient method. The results are as follows. (1) There has been a significant transition in the consumption of rural household cooking energy in mountainous areas. There has been a significant change in the proportion of different energy sources, including fuelwood (59.2%–1.9%), coal (16.5%–0%), gas (12.6%–15.5%), natural gas (6.8%–51.5%) and electricity (4.9%–31.1%). (2) The main driving factors of the household cooking energy transition in mountainous areas are income per capita, householder age, and householder education level. (3) The average annual household carbon emissions from rural household cooking energy decreased remarkably. The average annual household carbon emissions decreased from 6.80 t to 2.62 t in fuelwood (5.40–0.91 t), electricity (0.19–1.28 t) and natural gas (0.03–0.25 t) emissions during the study period. The contribution of this study is to investigate how the household cooking energy transition contributes to carbon peaking and carbon neutrality from a micro perspective. At the same time, this paper explores the mechanisms between the cooking energy transition and the ecological dividend of urbanization and proposes future reform initiatives for rural energy in mountainous areas to help achieve the goals of carbon peaking and carbon neutrality. [ABSTRACT FROM AUTHOR]