Industry star or production elite: evidence from total factor productivity of Chinese electricity sector’s green transformation
China is constantly seeking rapid, high-quality growth in order to meet its carbon peaking and neutrality goals. Approximately 40% of China’s carbon emissions come from the electric power industry, which is beset by issues of poor efficiency and excessive emissions. Thus, it is essential to determin...
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| Veröffentlicht in: | Environmental science and pollution research international 2024-06, Vol.31 (27), p.39570-39587 |
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| creator | Meng, Qiaoyu Hou, Chenchen |
| description | China is constantly seeking rapid, high-quality growth in order to meet its carbon peaking and neutrality goals. Approximately 40% of China’s carbon emissions come from the electric power industry, which is beset by issues of poor efficiency and excessive emissions. Thus, it is essential to determine if environmental restrictions increase economic benefits total factor productivity while still preserving the environment. We use the Quasi-DID method to examine the impact of carbon emissions trading scheme on firm-level total factor productivity of electric power companies. The findings demonstrate the following: (1) carbon emissions trading scheme considerably impedes total factor productivity development; (2) the primary cause of this detrimental impact is the need for additional improvements in marketization since green innovation is still in its infancy; (3) additional study indicates that law enforcement’s heterogeneity is what affects this restriction. Our research may both enhance the Chinese carbon emissions trading scheme’s effectiveness assessment framework and point out several potential avenues for high-quality growth. |
| doi_str_mv | 10.1007/s11356-024-33855-0 |
| format | Article |
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| subjects | Aquatic Pollution Atmospheric Protection/Air Quality Control/Air Pollution Carbon China Clean energy Earth and Environmental Science East Asian People Ecotoxicology Electric industries Electric power Electric power generation Electric utilities Electricity Electricity distribution Emissions trading Environment Environmental Chemistry Environmental Health Heterogeneity Industry Power Plants Productivity Research Article Waste Water Technology Water Management Water Pollution Control |
| title | Industry star or production elite: evidence from total factor productivity of Chinese electricity sector’s green transformation |
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