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Economic Growth and Carbon Trading Prices: An Empirical Analysis Based on the Chinese Market

Year: 2024

Type: article

Abstract: This study explores the impact of macroeconomic factors, particularly GDP, on carbon trading prices in six major Chinese cities. Using a linear regression model, combined with province and quarterly fixed effects, it was found that the influence of economic scale on carbon trading prices exhibits significant regional differences. In the sample analysis, the economic growth in municipalities is positively correlated with carbon trading prices, whereas in other provinces, it is negatively correlated. The study controlled for province and quarterly fixed effects, ensuring the robustness of the results. This research fills a gap in the study of China's carbon market and provides theoretical support for formulating more effective carbon emission policies.

Source: Advances in Economics Management and Political Sciences

DOI: 10.54254/2754-1169/2024.17738

Author: Zhaohan Yin

Institution: University of Washington

Language: English

Topic: Climate Change Policy and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W4404867139