Study On The Impact Of Carbon Emission Trading On Industrial Carbon Emission Performance

Global warming is a major problem and common challenge that all countries are facing in the world,and CO₂ emissions from coal and other fossil energy consumption are the main causes of global warming.As a major CO₂ emitter,China has been making continuous efforts to reduce CO₂ emissions.Many years of practical experience shows that although the mandatory emission reduction policy will achieve the effect of reducing carbon dioxide emissions,it damages the production enthusiasm of economic entities and reduce the productivity of the whole society to a certain extent.With the continuous slowdown of economic growth,the negative impact of mandatory emission reduction policies is becoming more and more obvious.China begin to reflect and propose that we should use market-based policies to solve the problem of carbon emission reduction.China has gradually established a pilot carbon emission trading program since 2013 and successfully implemented it nationwide at the end of 2017.It aims to use market-based means to achieve the goal of carbon emission reduction.But carbon emission trading,like mandatory policies,will also have an impact on economic output while reducing carbon dioxide emissions.Carbon emission performance is an important measure of economic output and carbon dioxide emissions.Indicators will inevitably be subject to the dual role of carbon emissions trading.Industrial industry is the main force of carbon emissions,and also an important contributing sector of the national economy.How to ensure the sustainable and healthy development of industrial economy on the basis of the effective realization of industrial carbon emission reduction has become an important issue that the government is facing.Therefore,it is of great significance to understand the current situation of industrial carbon emission performance,and on this basis,to evaluate the impact of carbon emission trading on industrial carbon emission performance,so as to achieve a win-win situation of environmental protection and economic growth under the goal of high-quality economic development.Domestic and foreign scholars have conducted in-depth research on the influencing factors of carbon emission performance and the effect of carbon trading,and the theoretical research is relatively rich,which provides a basis for the research of this paper.But through combing,we find that there are still some shortcomings in the existing research:first,for the factors affecting the performance of carbon emissions,the existing research mainly starts from the administrative means of environmental regulation,few scholars explore the impact of carbon trading on the performance of carbon emissions from the perspective of carbon trading of market emission reduction means;second,for the implementation of carbon trading,the existing research is mostly unilaterally consider the impact of carbon trading on carbon emission reduction or economic output,few scholars consider the impact of carbon trading on carbon emission reduction and economic output comprehensively.Therefore,from the perspective of carbon trading,this paper takes the industrial industry of the pilot province?city?of carbon emissions trading as the research object,and comprehensively considers the impact of carbon trading on carbon emission reduction and economic output,that is,the impact of carbon trading on carbon emission performance.The research contents and corresponding conclusions mainly include the following aspects:Firstly,analyze the impact mechanism of carbon trading on industrial carbon emissions performance.In the process of forcing industrial enterprises to reduce emissions,carbon trading mainly affects industrial carbon emission performance by optimizing the structure of industrial energy consumption,innovating industrial technology and improving industrial energy efficiency.On the other hand,it affects industrial carbon emission performance by reducing production,which is a negative way.Either way will affect both industrial economic output or industrial carbon dioxide emissions,which in turn will affect industrial carbon emissions performance.Secondly,estimate the extent to which carbon trading affects industrial carbon emissions performance.The DEA-Malquist index method was used to measure the industrial carbon emission performance of pilot provinces?municipalities?and non-pilot provinces?cities?from 2007 to 2016.Taking industrial carbon emission performance as the explanatory variable,and the PSM-DID method was used to estimate the impact of national implementation of carbon emission trading on industrial carbon emission performance.Before conducting the DID empirical analysis,determine the implementation time and target of the carbon emission trading pilot according to the national implementation of the carbon emission trading pilot,and divide the 30 provinces?cities?into pilot provinces?municipalities?and non-pilot provinces?cities?two categories.Taking the pilot provinces?municipalities?as the experimental group,the control group was determined by propensity score matching PSM in the provinces?municipalities?that had never implemented carbon trading pilot.By adding other control variables,the double differential DID method was used to estimate the impact of carbon trading on industrial carbon emission performance.Finally,the study finds that carbon emissions trading has a significant positive effect on the improvement of industrial carbon emissions performance.The carbon emission trading has increased the industrial carbon emission performance of pilot provinces?cities?by 23.9%after the pilot.Therefore,we should continue to promote the construction of the national carbon trading market,and take into account carbon dioxide emissions and economic growth,so that carbon trading can improve the performance of industrial carbon emissions and benefit the whole country.The innovation of this paper is that it is from the perspective of carbon trading,taking the industrial industry as the research object,comprehensive consideration of the impact of carbon trading on industrial carbon emissions and economic output,that is,the impact of carbon trading on industrial carbon emissions performance,which enriches the existing research results,and provides a reference for the national carbon market to give full play to the role of promoting carbon emissions performance.