Investigating the Impact of Capacity Utilization on Carbon Dioxide Emission: Evidence from China’s Iron and Steel Industry

Ya Chen, Xintian Zhang, Haoxiang Liu
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引用次数: 2

Abstract

Abstract In recent years, China’s industrialization and urbanization have deepened, and the economy has grown considerably. But at the same time, they have also brought about many environmental problems. As a pillar of the national economy, the iron and steel (IS) industry is one of the most emitting and energy-consuming sub-sectors of the industrial sector. It is also one of the industries with the most severe overcapacity problem in China. In this paper, we explore the impact of capacity utilization on carbon dioxide emission based on panel data of China’s iron and steel industry from 2005 to 2014. We also tested the heterogeneity in different regions and different sub-samples. Results show that capacity utilization and carbon dioxide emission are positively correlated. However, the impact of capacity utilization on carbon dioxide emission differs when considering regional heterogeneity. Results in all three regions show a positive relationship between capacity utilization and carbon dioxide emission, but the impact intensity is strongest in the western region, followed by the eastern and central regions. Moreover, capacity utilization impacts carbon dioxide emission by influencing firm numbers in the iron and steel industry and energy consumption. Further analysis shows that there exists a threshold effect in different stages of energy consumption and energy structure. Finally, some findings and practical policy recommendations are provided.
产能利用对二氧化碳排放的影响研究:来自中国钢铁工业的证据
近年来,中国工业化、城市化进程不断深入,经济增长较快。但与此同时,它们也带来了许多环境问题。钢铁工业作为国民经济的支柱产业,是工业部门中排放和消耗能源最多的子部门之一。它也是中国产能过剩问题最严重的行业之一。本文基于2005 - 2014年中国钢铁工业面板数据,探讨了产能利用率对二氧化碳排放的影响。我们还检验了不同地区和不同子样本的异质性。结果表明,产能利用率与二氧化碳排放量呈正相关。然而,在考虑区域异质性的情况下,产能利用对二氧化碳排放的影响是不同的。结果表明,3个地区的产能利用率与二氧化碳排放呈正相关,但影响强度在西部地区最强,其次是东部和中部地区。此外,产能利用率通过影响钢铁企业数量和能源消耗来影响二氧化碳排放。进一步分析表明,在能源消费和能源结构的不同阶段存在阈值效应。最后,提出了一些研究结果和切实可行的政策建议。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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