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Global warming is caused by rising carbon dioxide concentrations, while ecological and environmental issues are becoming increasingly evident. Many governments' main objective in addressing climate challenges is to achieve carbon balance. Exploring the distribution and changing trends of carbon balance can contribute to carbon balance strategies. This study takes the Yangtze River Economic Belt (YREB) as the study area, analyzing the spatial and temporal dynamic changes in carbon emissions and carbon sequestration in the YREB from 2000 to 2017. The county-level supply–demand ratios and accessibility are calculated based on the enhanced two-step floating catchment method according to the dynamic flow radius. According to our experimental results, carbon emissions can achieve different degrees of carbon balance according to the flow radius. After carbon emissions flow between counties within the province, some provinces can realize the transition from carbon surplus to carbon balance. With the expansion of the flow radius and the increase in internal mobility, more counties can participate in carbon sequestration, and some provinces can achieve carbon neutrality after carbon emissions transfer across provinces. Hubei, Chongqing, Zhejiang, Hunan and other provinces with special carbon sequestration capacity are very sensitive to changes in the radius of carbon emission flow. In 2017, when the carbon emission flow radius is 50 km, the net carbon emission of the flow can be reduced by 3%. If the radius is increased to 200 km, the YREB can achieve carbon balance. This study can provide decision-making information for carbon emission ecosystem management in the YREB. [ABSTRACT FROM AUTHOR]

As an economic means to cope with climate change, carbon trading has become an important measure to reduce carbon emissions in China. It has been over seven years since the initiation of seven pilot carbon markets, but has the implementation achieved the goal of controlling carbon emissions in the region? Are the effects really resulted from the carbon market other than other energy-saving and emission reduction policies? Based on the provincial panel data of China from 2005 to 2016 this paper conducts an empirical study on the emission reduction effects of pilot projects using the Difference-in-differences model (DID). The results show that: (1) The implementation of carbon markets in Beijing, Shanghai and Hubei exhibited a significant inhibitory effect on local carbon emissions, but a promoting effect in Guangdong, and no significant effect was found in Tianjin; (2) In terms of time lag effect, no significant inhibiting effect on the local carbon emissions is found during the first year of opening of Shanghai carbon market but the effect grew significantly from 2015 to 2016; while for Hubei and Beijing, significant effect was shown from the first year of running. Being an experimental program to see whether the carbon trading policy would work in China or not and if it does, under what conditions and settings the policy becomes effective, the 7 pilot markets provide important experiences and lessons to the upcoming nationwide market in China. Based on the empirical result that the carbon trading system in Beijing, Shanghai and Hubei effectively reduced carbon emissions, it is suggested that the national carbon market should actively learn from the experiences of these three pilot markets particularly. [ABSTRACT FROM AUTHOR]