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The Impact of Carbon Emissions Trading on the High Quality Development of Manufacturing Industry - The Evidence from China

by Ying Li a,*  and  Changgeng Zhu a
a
School of Economics, Tianjin University of Commerce, Tianjin, China
*
Author to whom correspondence should be addressed.
CEF  2023, 4; 1(1), 4; https://doi.org/10.58567/cef01010004
Received: 20 September 2023 / Accepted: 6 November 2023 / Published Online: 20 November 2023
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Abstract

Carbon emissions trading is an important part of emission reduction policy tools, and manufacturing is the foundation of a strong country. This paper explores the impact of carbon emissions trading pilot on the high-quality development of manufacturing industry by using the double difference method. It is found that carbon emissions trading can significantly promote the high-quality development of manufacturing industry, in which the government's will of ecological environment governance, technological progress and industrial structure rationalization have significant intermediary effects. Heterogeneity analysis reveals that the impact of carbon emissions trading on the high-quality development of the manufacturing industry is most significant in the western region. Accordingly, the study proposes suggestions on how to further improve China's carbon emissions trading market and realize the high-quality development of the manufacturing industry.

Keywords: Carbon emissions trading; high-quality development of the manufacturing sector; dual-carbon targets;
Copyright: © 2023 by Li and Zhu. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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ACS Style
Li, Y.; Zhu, C. The Impact of Carbon Emissions Trading on the High Quality Development of Manufacturing Industry - The Evidence from China. Climate Economics and Finance, 2023, 1, 4. https://doi.org/10.58567/cef01010004
AMA Style
Li Y, Zhu C. The Impact of Carbon Emissions Trading on the High Quality Development of Manufacturing Industry - The Evidence from China. Climate Economics and Finance; 2023, 1(1):4. https://doi.org/10.58567/cef01010004
Chicago/Turabian Style
Li, Ying; Zhu, Changgeng 2023. "The Impact of Carbon Emissions Trading on the High Quality Development of Manufacturing Industry - The Evidence from China" Climate Economics and Finance 1, no.1:4. https://doi.org/10.58567/cef01010004
APA style
Li, Y., & Zhu, C. (2023). The Impact of Carbon Emissions Trading on the High Quality Development of Manufacturing Industry - The Evidence from China. Climate Economics and Finance, 1(1), 4. https://doi.org/10.58567/cef01010004

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