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As an institutional innovation in the market-oriented reform of China's energy sector, the policy effect of energy consumption license transaction (ECPT) is still lack of research. The pilot provinces of energy market-oriented reform are relatively scattered. Therefore, this paper aims to evaluate the spillover effect and regional differences of ECPT, so as to make up for the lack of research on China's market-oriented energy reform. Results show that ECPT has inhibitory effects on energy consumption and energy intensity. In addition, ECPT can reduce energy consumption and energy intensity in neighboring areas. The policy effect of ECPT shows the characteristics of strengthening with the evolution of time. Foreign trade, industrial structure and technological progress are the paths for ECPT policies to promote energy transformation. The implementation effect of ECPT shows significant regional differences, which has a significant role in promoting the energy transformation of Henan and Sichuan. Therefore, the central government must ensure the continuity of energy market-oriented reforms to release long-term policy dividends. Pilot provinces should not only play the role of domestic regional energy-saving cooperation, but also strengthen foreign trade and technological innovation to promote energy transformation. • ECPT has an obvious inhibitory effect on energy consumption and energy intensity. • ECPT has the spillover effect of energy saving on neighboring provinces. • The long-term effects of ECPT are stronger than the short-term effects. • Foreign trade, industrial upgrading and technological progress are the mechanisms. • The effect of ECPT shows significant heterogeneity in different pilot provinces. [ABSTRACT FROM AUTHOR]

The African swine fever (ASF) has triggered considerable shocks to the pig farming industry, which has become a significant animal disease epidemic. The study explores the effect of epidemic experience on post-outbreak production recovery from resilience and risk perception based on 340 micro-survey data from Sichuan, Henan, and Shandong provinces. Epidemic experience has been shown to impact the degree of post-outbreak production recovery positively, and farmers who have endured epidemics are more likely to recover their production after outbreaks. The mechanistic study indicates that past epidemics in African swine fever shocks can effectively improve farmers' cognitive resilience and management capability, enhance recovery, and reduce risk perception in the aftermath of production recovery. In order to alleviate the endogenous problems caused by selection bias, missing variables, and two-way causality. This paper uses factor analysis to comprehensively measure production recovery capacity and production risk perception, and uses propensity score matching(PSM), instrumental variable method and replacement measurement methods to conduct robustness tests, and find the conclusions are still robust. The empirical analysis shows that the experience of the epidemic will promote the recovery of farmers after the outbreak; the experience of the epidemic will significantly impact the recovery of production after the outbreak for both free-range and professional farmers. [ABSTRACT FROM AUTHOR]