摘要
碳排放权交易市场是我国政府激励企业碳减排、实现绿色低碳发展的重要环境规制工具。本文基于2008—2021年中国沪深两市A股上市企业的面板数据,从企业视角研究碳排放权交易市场对碳减排的影响及传导机制。研究表明:(1)碳排放权交易市场对企业碳减排有显著的促进作用;(2)在机制检验层面,绿色技术创新和企业碳信息披露在碳排放权交易市场对企业碳减排影响中发挥了中介作用,政府的参与加强了碳排放权交易市场对企业碳减的促进作用;(3)异质性分析发现:碳排放权交易市场的实施对非国有企业的碳减排效果强于国有企业,相比于非高耗能行业,碳排放权交易市场的实施对促进高耗能行业碳减排效果更加明显。本文不仅为全国碳排放权交易市场建设提供理论参考,也为促进企业绿色低碳转型、推进碳达峰碳中和提供了政策智力支撑。
The carbon emission trading market is an important environmental regulatory tool in China to in-centivize enterprises to reduce carbon emissions and achieve green and low-carbon development.Based on panel data of A-share listed companies in the Shanghai and Shenzhen stock markets in China from 2008 to 2021,this article studies the impact and transmission mechanism of the carbon emissions trading market on carbon reduction from the perspective of enterprises.The study shows:(1)The carbon emissions trading mar-ket significantly promotes carbon reduction by enterprises.(2)At the level of mechanism testing,enterprise green technology innovation and enterprise carbon information disclosure play intermediary roles in the impact of the carbon emissions trading market on enterprise carbon reduction,and government participation strength-ens the promotion of carbon reduction by enterprises through the carbon emissions trading market.(3)Hetero-geneity analysis reveals that the implementation of the carbon emissions trading market has a stronger effect on carbon reduction by non-state-owned enterprises than state-owned enterprises;compared to non-high energy-consuming enterprises,the promotion of carbon reduction in high energy-consuming enterprises is more pro-nounced through the implementation of the carbon emissions trading market.This article not only provides theo-retical support for the construction of the national carbon emission trading market,but also offers policy insights for promoting the green and low-carbon transformation of enterprises and advancing carbon peaking and neu-trality.
作者
邹小燕
毛雪莲
Zou Xiaoyan;Mao Xuelian(School of Economics and Management,Chongqing Normal University,Chongqing 401331,China)
出处
《重庆师范大学学报（社会科学版）》
2024年第2期70-82,共13页
Journal of Chongqing Normal University(Edition of Social Sciences)
关键词
碳排放权交易市场
碳减排
绿色技术创新
碳信息披露
政府参与
carbon emissions trading market
carbon emission reduction
green technology innovation
carbon in-formation disclosure
government participation
