Research on the Path of Carbon Trading Policies Affecting Industrial Structure Upgrading

Qijiao Li

doi:10.63313/EBM.9098

Authors

Qijiao Li Anhui University of Finance and Economics, Bengbu 233030, China Author

DOI:

https://doi.org/10.63313/EBM.9098

Keywords:

Carbon Trading Policy, Industrial Structure Upgrading, Resource Allocation Efficiency, Degree of Government Intervention

Abstract

Carbon trading, as a market-based carbon emission management tool, has grad-ually been widely used in most regions of China. In order to effectively respond to the challenge of climate change, many countries and regions have begun to explore and implement carbon trading policies. This study is based on panel da-ta of 31 provincial-level regions from 2005 to 2023. A multi-temporal double difference model is used to assess how carbon trading policy affects regional industrial structure upgrading. The results show that the carbon trading policy significantly upgrades the level of industrial structure in the pilot regions, and this conclusion still holds after the robustness test. Moreover, the mechanism analysis shows that the policy promotes regional industrial structure upgrading by improving the resource allocation efficiency and R&D investment in each region. The moderating effect shows that government intervention plays a posi-tive moderating role in the carbon trading policy on industrial structure up-grading. The results of the heterogeneity analysis show that the promotion effect of the carbon emissions trading pilot policy on the industrial structure level of the low level of trade capacity and the eastern and western regions is more sig-nificant and more effective in playing the role of the policy.

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