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Revealing the effectiveness of environmental policy stringency and environmental law on environmental performance: does asymmetry matter?
- Source :
-
Environmental science and pollution research international [Environ Sci Pollut Res Int] 2022 Dec; Vol. 29 (60), pp. 91190-91200. Date of Electronic Publication: 2022 Jul 26. - Publication Year :
- 2022
-
Abstract
- Environmental stringency policy shocks and environmental tax have become fundamental policy tools for mitigating the degradation of the environment. The study explores the effects of environmental tax and environmental stringency policy shocks in the reduction of pollution emissions in China for the time 1993 to 2019. This study is a pioneer in assessing the simultaneous impact of these two policy instruments on pollution emissions in China. For empirical investigation, the study employed NARDL estimation techniques. The NARDL results show that positive shocks in environmental tax reduce N2O emissions by 0.03%, PM2.5 emissions by 0.13%, CO <subscript>2</subscript> emissions by 0.18%, and GHGs emissions by 0.01%, however, negative shocks in environmental tax increase N <subscript>2</subscript> O emissions by 0.01%, PM2.5 emissions by 0.07%, CO <subscript>2</subscript> emissions by 0.28%, GHGs emissions by 0.17% in the long run. The long-run results also show that positive shocks in environmental policy stringency reduced CO <subscript>2</subscript> emissions by 0.94%, GHGs emissions by 0.77%, while negative shocks in environmental policy stringency increased N <subscript>2</subscript> O emissions by 0.17%, PM2.5 emissions by 0.50%, CO <subscript>2</subscript> emissions by 0.63%. The findings suggest vigorous policy implications.<br /> (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)
- Subjects :
- China
Policy
Environmental Policy
Carbon Dioxide
Subjects
Details
- Language :
- English
- ISSN :
- 1614-7499
- Volume :
- 29
- Issue :
- 60
- Database :
- MEDLINE
- Journal :
- Environmental science and pollution research international
- Publication Type :
- Academic Journal
- Accession number :
- 35881292
- Full Text :
- https://doi.org/10.1007/s11356-022-21992-3