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As the primary source sector of carbon emissions, the power industry's green innovation is an indispensable component of China's low-carbon transformation. This paper took China's Carbon Emission Trading Scheme as a quasi-natural experience and adopted the synthetic control method to evaluate the impact of Carbon Emission Trading Scheme pilot policy on power industry's green innovation based on the provincial industrial level data. Furthermore, this paper examined the impact mechanisms of Carbon Emission Trading Scheme on the power industry's green innovation through policy comparison, moderating and mediating effect analyses. The research findings show that: 1) there is heterogeneity in Carbon Emission Trading Scheme's effectiveness in inducing green innovation in China, the power industry only in Beijing and Guangdong has been significantly promoted, while other pilots have not; 2) the success of Beijing and Guangdong can be attributed to distinctive features of their carbon market and power industry, including the refined quota accounting mechanism, the application of paid quota allocation, the larger enterprise scale and more research and development investment; 3) enterprise scale and research and development investment have positive moderating effect and mediating effect in the promotional effect of the Carbon Emission Trading Scheme on green innovation respectively. Finally, some policy recommendations are put forward to promote the power industry's green innovation and carbon market construction. • Evaluate the impact of China's CETS on the power industry's green innovation in each pilot. • The CETS effects among pilots are heterogeneous, only significant in Beijing and Guangdong. • Rational CETS mechanism design could improve the power industry's green innovation. • Enterprise scale and R&D investment positively moderate and mediate the CETS effect. [ABSTRACT FROM AUTHOR]

Abstract: This paper is the second in a series of three papers aimed at understanding the emissions of vehicles in China by conducting on-board emission measurements. This paper focuses on light-duty gasoline vehicles. In this study, we measured 57 light-duty gasoline vehicles (LDGVs) in three Chinese mega-cites (Beijing, Guangzhou, and Shenzhen), covering Euro 0 through Euro IV technologies, and generated CO, HC, and NOx emission factors and deterioration rates for each vehicle technology. The results show that the vehicle emission standards have played a significant role in reducing vehicle emission levels in China. The vehicle emission factors are reduced by 47–81%, 53–64%, 46–71%, and 78–82% for each phase from Euro I to Euro IV. Euro 0 vehicles have a considerably high emission level, which is hundreds of times larger than that of Euro IV vehicles. Three old taxis and four other Euro I and Euro II LDGVs are also identified as super emitters with equivalent emission levels to Euro 0 vehicles. Of the measured fleet, 23% super emitters were estimated to contribute 50–80% to total emissions. Besides vehicle emission standards, measures for restricting super emitters are equally important to reduce vehicle emissions. This study is intended to improve the understanding of the vehicle emission levels in China, but some key issues such as emission deterioration rates are yet to be addressed with the presence of a sufficient amount of vehicle emission measurements. [Copyright &y& Elsevier]