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The Impact of Carbon Emissions Trading Pilot Policy on Industrial Structure Upgrading

Author

Listed:
  • Zhaoyang Zhao

    (North-China Company, Sinopec Chemical Commercial Holding Company Limited, Beijing 100029, China
    These authors contributed equally to this work.)

  • Shuning Zhou

    (School of Economics and Resource Management, Beijing Normal University, Beijing 100875, China
    These authors contributed equally to this work.)

  • Siying Wang

    (School of Business, Beijing Technology and Business University, Beijing 102488, China)

  • Chong Ye

    (School of Economics and Management, Fuzhou University, Fuzhou 350108, China)

  • Tuolei Wu

    (School of Economics and Management, Tongji University, Shanghai 200092, China)

Abstract

Using the carbon emissions trading pilot policy implemented since 2011 as a quasi-natural experiment, this paper constructs a multi-period DID model based on panel data of 280 prefecture-level cities from 2006–2019 to explore the impact of the carbon emissions trading pilot policy on industrial structure upgrading and conducts a heterogeneity test and mechanism test. This study finds that the carbon emissions trading pilot policy significantly promotes the upgrading of industrial structures, especially for larger cities and non-resource-based cities. Further exploration of the impact mechanism shows that the carbon emissions trading pilot policy promotes industrial structure upgrading mainly through green innovation. The findings of the study have significant implications for the construction of a high-quality, modernized economic system in China.

Suggested Citation

  • Zhaoyang Zhao & Shuning Zhou & Siying Wang & Chong Ye & Tuolei Wu, 2022. "The Impact of Carbon Emissions Trading Pilot Policy on Industrial Structure Upgrading," Sustainability, MDPI, vol. 14(17), pages 1-25, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:17:p:10818-:d:901904
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    5. Siqing You & Han Zhao & Hongli Zhou & Chaoyu Zhang & Zican Li, 2023. "The Impact of Ecological Governance on Industrial Structure Upgrading under the Dual Carbon Target," Sustainability, MDPI, vol. 15(11), pages 1-17, May.

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