1. Overview China overtook the US as the world＇s top emitter in 2007, and produced 1.5 times the emissions of the US by 2013 [1 ]. At pres- ent, China＇s emissions make up over a quarter of the global total. China is...1. Overview China overtook the US as the world＇s top emitter in 2007, and produced 1.5 times the emissions of the US by 2013 [1 ]. At pres- ent, China＇s emissions make up over a quarter of the global total. China is expected to produce three times the emissions of the US by 2030 [2]. Indeed, China＇s role and efforts in CO2 reductions matter greatly for the peaking of global emissions, even without further emission leakages to less-developed regions or countries. China recently announced the launch of a nation-wide emissiontrading scheme （ETS） starting in 2017 [3] in order to help deliver its emission peak by 2030. A number of climate policies in China are ongoing, and require a full performance review, effective coordination, and appropriate implementation of planning and monitoring measures along with any newly added mechanisms. This paper utilizes the latest energy and emission data to explore the impact of emission trading as a policy driver toward absolute emission and emission intensity changes in China and in its seven provinces or municipalities.展开更多
Outward Foreign Direct Investment(OFDI)is a crucial decision in the internationalization strategy of firms and they confront diversified environmental policies and practices of host countries,when engaging in cross-bo...Outward Foreign Direct Investment(OFDI)is a crucial decision in the internationalization strategy of firms and they confront diversified environmental policies and practices of host countries,when engaging in cross-border investments.However,there is a lack of research to investigate whether foreign direct investment(OFDI)is an important factor affecting the environmental commitment of firms.This study aims to empirically analyze the impact and mechanism by which firm outward foreign direct investment(OFDI)influences pro-environmental commitments,utilizing data collected from Chinese listed companies between 2010 and 2020.The results show:1)there is a significant positive relationship between firm OFDI and pro-environmental commitments;2)mechanistic tests show that the OFDI can promote pro-environmental commitments through two channels:public attention and technological learning capacity;3)heterogeneity analysis reveals that the green effects of OFDI are more pronounced firms with institutional investors and state ownership,as well as in firms situated in host countries with more stringent environmental regulations;4)further analysis reveals OFDI-induced greater green commitments generated real environmental and economic outcomes:firms invested more in environmental protection and reduced CO_(2)emissions.In the meantime,they experienced lower excessive debt risk and higher innovative performance.The findings have positive implications for the promotion of firms’pro-environmental behavior and sustainable development.展开更多
China is playing an increasing role in global climate change mitigation,and local authorities need more city-specifc information on the emissions trends and patterns when designing low-carbon policies.This study provi...China is playing an increasing role in global climate change mitigation,and local authorities need more city-specifc information on the emissions trends and patterns when designing low-carbon policies.This study provides the most comprehensive COemission inventories of 287 Chinese cities from 2001 to2019.The emission inventories are compiled for 47 economic sectors and include energy-related emissions for 17 types of fossil fuels and process-related emissions from cement production.We further investigate the state of the emission peak in each city and reveal hidden driving forces.The results show that38 cities have proactively peaked their emissions for at least fve years and another 21 cities also have emission decline,but passively.The 38 proactively peaked cities achieved emission decline mainly by effciency improvements and structural changes in energy use,while the 21 passively emission declined cities reduced emissions at the cost of economic recession or population loss.We propose that those passively emission declined cities need to face up to the reasons that caused the emission to decline,and fully exploit the opportunities provided by industrial innovation and green investment brought by low-carbon targets to achieve economic recovery and carbon mitigation goals.Proactively peaked cities need to seek strategies to maintain the downward trend in emissions and avoid an emission rebound and thus provide successful models for cities with still growing emissions to achieve an emission peak.展开更多
Low-carbon economic development is at the heart of the post-pandemic green recovery scheme worldwide.It requires economic recovery without compromising on the environment,implying a critical role that green productivi...Low-carbon economic development is at the heart of the post-pandemic green recovery scheme worldwide.It requires economic recovery without compromising on the environment,implying a critical role that green productivity plays in achieving the carbon neutrality goal.Green productivity measures the quality of economic growth with consideration for energy consumption and environmental pollution.This study employs the slacks-based measure directional distance function(SBM-DDF)approach and the Malmquist-Luenberger(ML)index to calculate green productivity and its components of 30 provinces in China between 2001 and 2018.Using a spatial panel data model,we empirically analyzed the conditionalβ-convergence of China's green productivity.We found that overall,since 2001,China's green productivity has demonstrated a continuous upward trend.When taking into account spatial factors,China's green productivity demonstrates a significant conditionalβ-convergence.In terms of regional effects,the results indicate that the green productivity of the eastern and western regions demonstrates club convergence,implying a more balanced green economic development.Moreover,the convergence rate of China's green productivity increases with the addition of environmental regulation variable,and so the corresponding convergence time decreases.It indicates that environmental regulations help to facilitate the convergence of China's green productivity,narrowing the gap between the regional green economic development.The findings provide guideline for achieving a low-carbon development and carbon neutrality from a regional green productivity perspective.展开更多
基金supported by the Consultative and Research Project of the Chinese Academy of Engineering(2020-XY-19 and 2019-ZD-34)the Guangdong Basic and Applied Basic Research Foundation(2020A1515011230)the Humanities and Social Science Foundation of the Ministry of Education of China(16YJCZH162).
文摘1. Overview China overtook the US as the world＇s top emitter in 2007, and produced 1.5 times the emissions of the US by 2013 [1 ]. At pres- ent, China＇s emissions make up over a quarter of the global total. China is expected to produce three times the emissions of the US by 2030 [2]. Indeed, China＇s role and efforts in CO2 reductions matter greatly for the peaking of global emissions, even without further emission leakages to less-developed regions or countries. China recently announced the launch of a nation-wide emissiontrading scheme （ETS） starting in 2017 [3] in order to help deliver its emission peak by 2030. A number of climate policies in China are ongoing, and require a full performance review, effective coordination, and appropriate implementation of planning and monitoring measures along with any newly added mechanisms. This paper utilizes the latest energy and emission data to explore the impact of emission trading as a policy driver toward absolute emission and emission intensity changes in China and in its seven provinces or municipalities.
基金supported by the National Natural Science Foundation of China(72242105)the National Key Research and Development Program of China(2022YFE0208700 and2022YFE0208500)the Norwegian Research Council(287690/F20)。
基金supported by the National Social Science Foundation of China(No.19BJY100)the Science and Technology Department of Sichuan Province of China(2021JDR0075).
文摘Outward Foreign Direct Investment(OFDI)is a crucial decision in the internationalization strategy of firms and they confront diversified environmental policies and practices of host countries,when engaging in cross-border investments.However,there is a lack of research to investigate whether foreign direct investment(OFDI)is an important factor affecting the environmental commitment of firms.This study aims to empirically analyze the impact and mechanism by which firm outward foreign direct investment(OFDI)influences pro-environmental commitments,utilizing data collected from Chinese listed companies between 2010 and 2020.The results show:1)there is a significant positive relationship between firm OFDI and pro-environmental commitments;2)mechanistic tests show that the OFDI can promote pro-environmental commitments through two channels:public attention and technological learning capacity;3)heterogeneity analysis reveals that the green effects of OFDI are more pronounced firms with institutional investors and state ownership,as well as in firms situated in host countries with more stringent environmental regulations;4)further analysis reveals OFDI-induced greater green commitments generated real environmental and economic outcomes:firms invested more in environmental protection and reduced CO_(2)emissions.In the meantime,they experienced lower excessive debt risk and higher innovative performance.The findings have positive implications for the promotion of firms’pro-environmental behavior and sustainable development.
基金supported by the National Natural Science Foundation of China(72140001 and 41921005)Shandong Provincial Science Fund for Excellent Youth Scholars(ZR2021YQ27)+1 种基金the National Social Science Fund of China(21ZDA065)the Natural Environment Research Council(2021GRIP02COP-AQ)。
文摘China is playing an increasing role in global climate change mitigation,and local authorities need more city-specifc information on the emissions trends and patterns when designing low-carbon policies.This study provides the most comprehensive COemission inventories of 287 Chinese cities from 2001 to2019.The emission inventories are compiled for 47 economic sectors and include energy-related emissions for 17 types of fossil fuels and process-related emissions from cement production.We further investigate the state of the emission peak in each city and reveal hidden driving forces.The results show that38 cities have proactively peaked their emissions for at least fve years and another 21 cities also have emission decline,but passively.The 38 proactively peaked cities achieved emission decline mainly by effciency improvements and structural changes in energy use,while the 21 passively emission declined cities reduced emissions at the cost of economic recession or population loss.We propose that those passively emission declined cities need to face up to the reasons that caused the emission to decline,and fully exploit the opportunities provided by industrial innovation and green investment brought by low-carbon targets to achieve economic recovery and carbon mitigation goals.Proactively peaked cities need to seek strategies to maintain the downward trend in emissions and avoid an emission rebound and thus provide successful models for cities with still growing emissions to achieve an emission peak.
基金supported by the Humanities and Social Science Fund of Ministry of Education of the People's Republic of China(19YJC790044).
文摘Low-carbon economic development is at the heart of the post-pandemic green recovery scheme worldwide.It requires economic recovery without compromising on the environment,implying a critical role that green productivity plays in achieving the carbon neutrality goal.Green productivity measures the quality of economic growth with consideration for energy consumption and environmental pollution.This study employs the slacks-based measure directional distance function(SBM-DDF)approach and the Malmquist-Luenberger(ML)index to calculate green productivity and its components of 30 provinces in China between 2001 and 2018.Using a spatial panel data model,we empirically analyzed the conditionalβ-convergence of China's green productivity.We found that overall,since 2001,China's green productivity has demonstrated a continuous upward trend.When taking into account spatial factors,China's green productivity demonstrates a significant conditionalβ-convergence.In terms of regional effects,the results indicate that the green productivity of the eastern and western regions demonstrates club convergence,implying a more balanced green economic development.Moreover,the convergence rate of China's green productivity increases with the addition of environmental regulation variable,and so the corresponding convergence time decreases.It indicates that environmental regulations help to facilitate the convergence of China's green productivity,narrowing the gap between the regional green economic development.The findings provide guideline for achieving a low-carbon development and carbon neutrality from a regional green productivity perspective.
