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Impact and Acting Path of Carbon Emission Trading on Carbon Emission Intensity of Construction Land: Evidence from Pilot Areas in China

Author

Listed:
  • Lu Li

    (College of Public Administration, Huazhong Agricultural University, Wuhan 430070, China)

  • Jie Dong

    (College of Public Administration, Huazhong Agricultural University, Wuhan 430070, China)

  • Yan Song

    (Department of City and Regional Planning, The University of North Carolina at Chapel Hill, New East Bldg, CB 3140, Chapel Hill, NC 27599, USA)

Abstract

Recently, the environmental and resource crisis caused by excessive energy consumption has aroused great concern worldwide. China is a major country of energy consumption and carbon emissions, and has attempted to build a carbon emission trading market to reduce carbon emissions. This practice helps to promote the carbon trading projects for both regional carbon emission reduction and sustainable development in the pilot areas, as well as having important theoretical and practical significance for the further improvement of carbon emission trading policies. In this study, we first used the difference-in-difference (DID) model to evaluate the impact of carbon emission trading on the carbon emission intensity of construction land (CEICL). The results showed that the carbon emission trading policy can significantly reduce CEICL in the pilot areas. Furthermore, we adopted the quantile regression model to explore the mechanism and acting path of carbon emission trading on CEICL. The results show that the increase in carbon trading volume (CTV) can effectively reduce the CEICL. However, a high carbon trading price (CTP) tends to reduce the suppressing effect of carbon emission trading on CEICL. Additionally, carbon emission trading also affects CEICL through the indirect acting paths of industrial structure and energy intensity. Finally, we propose to promote regional low-carbon development from the perspective of developing a carbon emission trading market nationwide, rationalizing the carbon quota and trading price mechanism, optimizing the regional industrial structure, and improving the energy consumption structure.

Suggested Citation

  • Lu Li & Jie Dong & Yan Song, 2020. "Impact and Acting Path of Carbon Emission Trading on Carbon Emission Intensity of Construction Land: Evidence from Pilot Areas in China," Sustainability, MDPI, vol. 12(19), pages 1-15, September.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:19:p:7843-:d:417660
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    Cited by:

    1. Qiuyue Xia & Lu Li & Jie Dong & Bin Zhang, 2021. "Reduction Effect and Mechanism Analysis of Carbon Trading Policy on Carbon Emissions from Land Use," Sustainability, MDPI, vol. 13(17), pages 1-22, August.
    2. Po Kou & Ying Han & Xiaoyuan Qi & Yuanxian Li, 2022. "Does China's policy of carbon emission trading deliver sulfur dioxide reduction co-benefits?," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(5), pages 6224-6245, May.
    3. Siying Yang & Wenxuan Sun & Zhouyi Wu & Yang He, 2022. "Can the SO2 emission trading system promote urban emission reduction?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(4), pages 963-974, June.
    4. Li, Zhiguo & Wang, Jie, 2022. "Spatial spillover effect of carbon emission trading on carbon emission reduction: Empirical data from pilot regions in China," Energy, Elsevier, vol. 251(C).
    5. Zhang, Lihui & Li, Songrui & Nie, Qingyun & Hu, Yitang, 2022. "A two-stage benefit optimization and multi-participant benefit-sharing strategy for hybrid renewable energy systems in rural areas under carbon trading," Renewable Energy, Elsevier, vol. 189(C), pages 744-761.
    6. Zhang, Yanfang & Guo, Siyuan & Shi, Xunpeng & Qian, Xiangyan & Nie, Rui, 2021. "A market instrument to achieve carbon neutrality: Is China’s energy-consumption permit trading scheme effective?," Applied Energy, Elsevier, vol. 299(C).
    7. Kailun Fang & Suzana Ariff Azizan & Yifei Wu, 2023. "Low-Carbon Community Regeneration in China: A Case Study in Dadong," Sustainability, MDPI, vol. 15(5), pages 1-15, February.

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