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Emission reduction target, complexity and industrial performance.
- Source :
-
Journal of environmental management [J Environ Manage] 2020 Apr 15; Vol. 260, pp. 110148. Date of Electronic Publication: 2020 Jan 24. - Publication Year :
- 2020
-
Abstract
- To tackle climate change, Chinese government has applied an array of mitigating measures to reduce CO2 emissions. During the 11th Five-year Plan, Chinese government set the emission reduction target policy to reduce energy consumption per unit of gross domestic product (GDP) by 20%. This paper attempts to estimate the effect of this emission reduction target policy on industrial performance from complexity perspective. The result shows more complex industrial structure is related to less coal consumption. In general, emission reduction target policy has a negative effect on the probability of branching into new industries and lower the productivity and profitability of a given industry. However, this negative effect is weaker for more complex industries. Only for industries with very high complexity, emission reduction target policy can improve the performance of an industry rather than exerting a negative effect. Our finding not only helps to design a more effective policy to achieve industrial development strategy, but also provides a potential way to achieve economic growth while reduce the emission of greenhouse gases at the same time.<br />Competing Interests: Declaration of competing interest None.<br /> (Copyright © 2020 Elsevier Ltd. All rights reserved.)
- Subjects :
- China
Climate Change
Economic Development
Industry
Carbon Dioxide
Greenhouse Gases
Subjects
Details
- Language :
- English
- ISSN :
- 1095-8630
- Volume :
- 260
- Database :
- MEDLINE
- Journal :
- Journal of environmental management
- Publication Type :
- Academic Journal
- Accession number :
- 32090840
- Full Text :
- https://doi.org/10.1016/j.jenvman.2020.110148