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The impact of environmental regulation on carbon emissions: Evidence from China.
- Source :
- Economic Analysis & Policy; Dec2023, Vol. 80, p1067-1079, 13p
- Publication Year :
- 2023
-
Abstract
- Carbon dioxide (CO 2) emissions and climate change risk have become constraints on global economic sustainable development. Environmental regulation (ER) is a key method for achieving synergy in CO 2 and pollution reduction in China. This paper is the first study to explore the effects of ER on CO 2 emissions by exploiting the National Environmental Protection 11th Five-Year Plan (NEP11-FYP). The implementation of the NEP11-FYP significantly decreases CO 2 emissions by 19.73% in key environmental cities relative to other cities. Heterogeneity analyses suggest that this negative impact is larger in western cities and cities with more pressure to reduce CO 2 emissions. Scale effects, structural effects, and technical effects might be three potential influencing channels through which ER contributes to the CO 2 reduction effect. In addition, the results of the spatial externality of the NEP11-FYP demonstrate a positive spillover effect in neighboring cities within a distance of 300 km and a negative spillover effect in cities more than 500 km away. Our empirical findings provide policy implications for implementing low-carbon transition strategies and reducing CO 2 emissions. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03135926
- Volume :
- 80
- Database :
- Supplemental Index
- Journal :
- Economic Analysis & Policy
- Publication Type :
- Academic Journal
- Accession number :
- 174301349
- Full Text :
- https://doi.org/10.1016/j.eap.2023.09.032