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The impact of the carbon trading market on urban coordinated development in China.

Authors :
Wang D
Sun M
Source :
Environmental science and pollution research international [Environ Sci Pollut Res Int] 2024 Mar; Vol. 31 (13), pp. 20093-20116. Date of Electronic Publication: 2024 Feb 19.
Publication Year :
2024

Abstract

Evaluating the effects of China's carbon emission trading scheme (ETS) is crucial for the coordinated development of Chinese cities. Therefore, based on the panel data of 242 cities in China from 2008 to 2019, this paper uses the multi-period difference-in-difference (DID) model to comprehensively evaluate the impact of carbon market on the coordinated development of cities from the perspectives of carbon market policy and carbon market efficiency, and then analyzes the mechanism and heterogeneity of the effect of carbon market efficiency. The results show that both carbon market policy and carbon market efficiency can promote the coordinated development of cities. Science and education expenditure plays a significant intermediary role in the impact of carbon market efficiency on the coordinated development of cities. The heterogeneity test finds that the stricter the performance penalty system, the higher the level of urban coordinated development, and the stronger the effect of carbon market efficiency. The findings of this paper provide policy recommendations for further improving the construction of China's pilot and national ETS and enhancing the coordinated development of Chinese cities.<br /> (© 2024. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)

Details

Language :
English
ISSN :
1614-7499
Volume :
31
Issue :
13
Database :
MEDLINE
Journal :
Environmental science and pollution research international
Publication Type :
Academic Journal
Accession number :
38374499
Full Text :
https://doi.org/10.1007/s11356-024-32428-5