“…The internalization of carbon emissions pricing is the incorporation of carbon emission rights into the production costs of firms. This approach has resulted in a decrease in the cost of greenhouse gas emissions (Hua & Dong, 2019; Lu et al, 2023). Market theory also supported that the carbon market ensures cost‐effective carbon emission reductions.…”
Section: Literature Reviewmentioning confidence: 99%
“…Since introducing the “Double Carbon” goal, the government has introduced various environmental policies that effectively improve the efficiency of carbon emission reduction, albeit with differences in implementation (Liu et al, 2022). On the other hand, as an important tool for utilizing market mechanisms to promote carbon emission reduction, the carbon market has played an increasingly significant role in addressing climate change and achieving carbon neutrality (Lu et al, 2023). Implementation of carbon trading policies could reduce carbon emissions and increase the total industrial output value of pilot provinces, which is crucial for promoting carbon emission reduction (Zhang et al, 2020).…”
Section: Introductionmentioning confidence: 99%
See 1 more Smart Citation
Li,
Li,
Wang
2024
Manage Decis Econ
Based on the perspective of fiscal decentralization, the study focuses on 30 provinces in China and employs various econometric models including the threshold model, spatial econometric model, mediation model, and regulation model. The research findings indicate that fiscal decentralization has a double‐threshold effect on government intervention, market mechanisms, and regional carbon emission reduction. Both government intervention and market mechanisms have inhibiting effects on carbon emission, with significant coefficients of GOVI and MARM at the 1% level. The cooperation between government intervention and the market mechanism effectively limits carbon emissions. Government intervention facilitates regional carbon emission reduction through the construction of new infrastructures and energy structure transformation, yielding a significant intermediary effect. The market mechanism is positively regulated through green finance and technology innovation to promote regional carbon emission reduction. Moreover, government intervention enables the market to achieve carbon emission reduction more effectively, especially in areas with a higher degree of government intervention. Continuous improvement and upgrading of regional and national carbon markets are essential to attain the carbon peak and carbon neutrality goals. Furthermore, attracting more participants to these markets for emission control subjects is necessary to enhance the effectiveness of government–market coordination.
“…The internalization of carbon emissions pricing is the incorporation of carbon emission rights into the production costs of firms. This approach has resulted in a decrease in the cost of greenhouse gas emissions (Hua & Dong, 2019; Lu et al, 2023). Market theory also supported that the carbon market ensures cost‐effective carbon emission reductions.…”
Section: Literature Reviewmentioning confidence: 99%
“…Since introducing the “Double Carbon” goal, the government has introduced various environmental policies that effectively improve the efficiency of carbon emission reduction, albeit with differences in implementation (Liu et al, 2022). On the other hand, as an important tool for utilizing market mechanisms to promote carbon emission reduction, the carbon market has played an increasingly significant role in addressing climate change and achieving carbon neutrality (Lu et al, 2023). Implementation of carbon trading policies could reduce carbon emissions and increase the total industrial output value of pilot provinces, which is crucial for promoting carbon emission reduction (Zhang et al, 2020).…”
Section: Introductionmentioning confidence: 99%
Li,
Li,
Wang
2024
Manage Decis Econ
Based on the perspective of fiscal decentralization, the study focuses on 30 provinces in China and employs various econometric models including the threshold model, spatial econometric model, mediation model, and regulation model. The research findings indicate that fiscal decentralization has a double‐threshold effect on government intervention, market mechanisms, and regional carbon emission reduction. Both government intervention and market mechanisms have inhibiting effects on carbon emission, with significant coefficients of GOVI and MARM at the 1% level. The cooperation between government intervention and the market mechanism effectively limits carbon emissions. Government intervention facilitates regional carbon emission reduction through the construction of new infrastructures and energy structure transformation, yielding a significant intermediary effect. The market mechanism is positively regulated through green finance and technology innovation to promote regional carbon emission reduction. Moreover, government intervention enables the market to achieve carbon emission reduction more effectively, especially in areas with a higher degree of government intervention. Continuous improvement and upgrading of regional and national carbon markets are essential to attain the carbon peak and carbon neutrality goals. Furthermore, attracting more participants to these markets for emission control subjects is necessary to enhance the effectiveness of government–market coordination.
Zhu,
Ji,
Huang
et al. 2024
Energy Strategy Reviews
No abstract
Zhao,
Chen,
Fan
et al. 2023
2023 6th International Conference on Renewable Energy and Power Engineering (REPE)
No abstract
![[citation report] Coupling Mechanism and Synergic Development of Carbon Market and Electricity Market in the Region of Beijing–Tianjin–Hebei (2024)](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mP8/h8AAvMB+NzmkbcAAAAASUVORK5CYII=)