scholarly journals REGIONAL ALLOCATION OF THE INVESTMENTS FOR CARBON EMISSION REDUCTION CONSIDERING MARGINAL ABATMENT COST-AN EMPIRICAL STUDY FOR THE IRON AND STEEL INDUSTRY IN CHINA-

2008 ◽  
Vol 36 ◽  
pp. 59-67
Author(s):  
Hidemichi Fujii ◽  
Shinji Kaneko
Keyword(s):  
Empirical Study ◽  
Steel Industry ◽  
Emission Reduction ◽  
Carbon Emission ◽  
Iron And Steel Industry ◽  
Iron And Steel ◽  
Carbon Emission Reduction ◽  
Regional Allocation

scholarly journals Does Emission Trading Improve Carbon Emission Efficiency of China’s Iron and Steel Industry? An Exploration Using a DEA-SBM and Difference-In-Differences Approach

2021 ◽  
Author(s):  
Xiping Wang ◽  
Sujing Wang
Keyword(s):  
Steel Industry ◽  
Carbon Emission ◽  
Emission Trading ◽  
Energy Structure ◽  
Iron And Steel Industry ◽  
Low Carbon ◽  
Difference In Differences ◽  
Iron And Steel ◽  
Emission Efficiency ◽  
The Impact

Abstract As an effective tool of carbon emission reduction, emission trading has been widely used in many countries. Since 2013, China implemented carbon emission trading in seven provinces and cities, with iron and steel industry included in the first batch of pilot industries. This study attempts to explore the policy effect of emission trading on iron and steel industry in order to provide data and theoretical support for the low-carbon development of iron and steel industry as well as the optimization of carbon market. With panel data of China’s 29 provinces from 2006 to 2017, this study adopted a DEA-SBM model to measure carbon emission efficiency of China’s iron and steel industry (CEI) and a difference-in-differences (DID) method to explore the impact of emission trading on CEI. Moreover, regional heterogeneity and influencing mechanisms were further investigated, respectively. The results indicate that: (1) China's emission trading has a significant and sustained effect on carbon abatement of iron and steel industry, increasing the annual average CEI by 12.6% in pilot provinces. (2) The policy effects are heterogeneous across diverse regions. Higher impacts are found in the western and eastern regions, whereas the central region is not significant. (3) Emission trading improves CEI by stimulating technology innovation, reducing energy intensity, and adjusting energy structure. (4) Economic level and industrial structure are negatively related to CEI, while environmental governance and openness degree have no obvious impacts. Finally, according to the results and conclusions, some specific suggestions are proposed.

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