Towards carbon neutrality: The impact of energy right trading policy on carbon performance of manufacturing enterprises

IF 9 1区工程技术 Q1 ENERGY & FUELS

Energy Pub Date : 2025-03-27 DOI:10.1016/j.energy.2025.135858

Meiling Wang, Zichen Liu, Bingxuan Zhou

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引用次数: 0

Abstract

The energy right trading policy (ERTP) is an important measure for addressing environmental and energy problems. Thus, whether implementing the ERTP can drive manufacturing enterprises to save energy, reduce consumption, and improve their carbon performance urgently needs to be examined. Using China’s A-share listed manufacturing companies from 2010 to 2021 as the research sample, this study constructs a difference-in-differences model based on a quasi-natural experiment. The results show that the ERTP helps improve the carbon performance of manufacturing enterprises, and this promoting effect is more obvious in mature and declining enterprises, non-heavily polluting enterprises, and low-growth enterprises. The mechanism test shows that the ERTP can improve the carbon performance of manufacturing enterprises by increasing their innovation level, green investment, and capacity utilization rate. This study provides new empirical evidence for understanding the relationship between the ERTP and carbon performance of manufacturing enterprises.

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来源期刊

Energy 工程技术-能源与燃料

CiteScore

15.30

自引率

14.40%

发文量

审稿时长

14.2 weeks

期刊介绍： Energy is a multidisciplinary, international journal that publishes research and analysis in the field of energy engineering. Our aim is to become a leading peer-reviewed platform and a trusted source of information for energy-related topics. The journal covers a range of areas including mechanical engineering, thermal sciences, and energy analysis. We are particularly interested in research on energy modelling, prediction, integrated energy systems, planning, and management. Additionally, we welcome papers on energy conservation, efficiency, biomass and bioenergy, renewable energy, electricity supply and demand, energy storage, buildings, and economic and policy issues. These topics should align with our broader multidisciplinary focus.