Can Market-Based Environmental Regulation Improve Urban Energy Efficiency for Sustainable Development?—Evidence from China’s Carbon Emissions Trading Pilots
市場ベースの環境規制は都市のエネルギー効率を改善し持続可能な発展を促進できるか？—中国の炭素排出権取引パイロットからの証拠 (AI 翻訳)
Yue Wang, Lixuan Hu, Yishuang Lin
🤖 gxceed AI 要約
日本語
中国278都市の2006-2023年パネルデータを用い、炭素排出権取引パイロットが都市エネルギー効率を有意に向上させることを段階的DIDで実証。グリーン技術革新とデジタル変革を促進し、資本・労働の誤配分を是正するメカニズムを解明。経済成長も促進し、炭素市場の有効性を示す。
English
Using panel data from 278 Chinese cities (2006-2023), this study employs a staggered DID design to show that carbon emissions trading pilots significantly improve urban energy efficiency. Mechanism tests reveal that pilots promote green technological innovation and digital transformation while reducing capital and labor misallocation, and also boost economic growth, providing empirical evidence for refining carbon markets.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本のGX文脈では、炭素価格付けの効果を都市レベルで実証した点が参考になる。国内ではカーボンプライシング導入が議論されており、本研究成果は政策設計や地域経済への影響評価に示唆を与える。また、エネルギー効率改善と経済成長の両立可能性を示す点は、日本の産業政策にも示唆的。
In the global GX context
This paper provides robust empirical evidence on the effectiveness of carbon pricing in improving energy efficiency while promoting economic growth, contributing to global debates on carbon market design. Its findings on heterogeneity (credit constraints, environmental regulation) offer insights for policymakers in jurisdictions implementing or refining emissions trading systems, such as the EU ETS and emerging markets.
👥 読者別の含意
🔬研究者:Provides rigorous causal evidence on carbon pricing's impact on energy efficiency, useful for meta-analyses and policy evaluation research.
🏢実務担当者:Highlights potential benefits of carbon pricing for energy efficiency, informing corporate strategy in regions with or considering ETS.
🏛政策担当者:Offers empirical support for carbon pricing as a tool to achieve energy efficiency and economic growth, relevant for policy design.
📄 Abstract（原文）
Improving energy efficiency is essential for easing resource and environmental constraints and advancing sustainable development. Carbon emissions trading influences urban energy use through carbon pricing, but how it affects urban energy efficiency remains insufficiently understood. Using panel data for 278 Chinese cities from 2006 to 2023, this study evaluates the effects of China’s carbon emissions trading pilots with a staggered difference-in-differences design. The results show that the pilots significantly improve urban energy efficiency, and this finding remains robust across multiple identification tests and robustness checks. Mechanism tests indicate that the pilots promote green technological innovation and digital transformation while reducing capital and labor misallocation. Heterogeneity analyses reveal stronger effects in cities with tighter credit constraints, more stringent environmental regulation, and lower energy consumption elasticity. Further analyses indicate that the pilots promote economic growth and strengthen urban economic growth momentum. Overall, carbon emissions trading improves energy efficiency while enhancing urban economic performance. From an urban energy-efficiency perspective, this study clarifies the role of carbon emissions trading in advancing sustainable development and provides empirical evidence for refining carbon markets and promoting green, low-carbon urban development.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.3390/su18157826first seen 2026-08-05 04:50:57
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