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Market based emission reduction plan in the process of "double carbon": mechanism, effect and implementation environment

Author

Listed:
  • Ke Yang
  • Wei Yu
  • Anqi Wang
  • Tongtong Zhao

Abstract

Based on a sample of prefecture-level cities in China from 2004 to 2017, the policy effects of the “market-based mechanism”design of emission reduction tools are examined. The study concludes that China's carbon emissions trading system has a very significant emission reduction effect, and the market-based reform has a facilitating effect, while a reasonable corporate tax burden and environmental regulation intensity have a synergistic effect on the operational efficiency of the carbon market. It is also found that China's carbon emissions trading system has a significant impact on corporate R&D behavior, but its role needs to be further developed.

Suggested Citation

  • Ke Yang & Wei Yu & Anqi Wang & Tongtong Zhao, 2025. "Market based emission reduction plan in the process of "double carbon": mechanism, effect and implementation environment," International Journal of Low-Carbon Technologies, Oxford University Press, vol. 20, pages 196-208.
    • Handle: RePEc:oup:ijlctc:v:20:y:2025:i::p:196-208.
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    File URL: http://hdl.handle.net/10.1093/ijlct/ctae288
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