ABSTRACT
Under the pressure of economic uncertainty and environmental protection in the post-COVID-19 era, achieving a new round of employment dividends has become one practical choice. Using the panel data of 30 Chinese provinces from 2007 to 2019, this study estimates the employment outcomes of carbon ETS pilots based on the difference-in-differences model. The findings of this study indicate the following: (1) Carbon ETS pilots can positively increase employment scales with an average effect of 7.12%. (2) This promoting effect will become more significant in provinces with high education levels, provinces with high average wages, and eastern region provinces. But there is no obvious difference between gender. (3) This positive effect can be transferred and enhanced by market competition and energy consumption. At the crossroads of green economic recovery, it will be greatly beneficial to formulate the national carbon market development roadmap under the carbon neutrality strategy.
ABSTRACT
Under the pressure of economic uncertainty and environmental protection in the post-COVID-19 era, achieving a new round of employment dividends has become one practical choice. Using the panel data of 30 Chinese provinces from 2007 to 2019, this study estimates the employment outcomes of carbon ETS pilots based on the difference-in-differences model. The findings of this study indicate the following: (1) Carbon ETS pilots can positively increase employment scales with an average effect of 7.12%. (2) This promoting effect will become more significant in provinces with high education levels, provinces with high average wages, and eastern region provinces. But there is no obvious difference between gender. (3) This positive effect can be transferred and enhanced by market competition and energy consumption. At the crossroads of green economic recovery, it will be greatly beneficial to formulate the national carbon market development roadmap under the carbon neutrality strategy.
ABSTRACT
The COVID-19 pandemic has caused a global economic recession and even changed its development pattern. Improving energy efficiency has become one of the best choices worldwide to achieve green recovery in the post-COVID-19 era. Therefore, this study explores the effect of carbon emission trading scheme (ETS) pilots on energy efficiency by the difference-in-differences (DID) model, using panel data of 30 Chinese provinces from 2009 to 2020. The following results are obtained: (1) Carbon ETS pilots could significantly increase energy efficiency by an overall effect of 1.82%, among which technical efficiency might be improved more obviously than others;(2) The average effect of carbon ETS pilots may differ between provinces because of some economic–regional factors, being more significant in regions with a large number of employees and high wages;(3) This positive effect is transferred through industrial structure and R&D investment.