DOI: 10.1080/14693062.2017.1392279
Scopus记录号: 2-s2.0-85038370744
论文题名: The potential influence of the carbon market on clean technology innovation in China
作者: Lin S ; , Wang B ; , Wu W ; , Qi S
刊名: Climate Policy
ISSN: 1469-3062
EISSN: 1752-7457
出版年: 2017
起始页码: 1
结束页码: 18
语种: 英语
英文关键词: Carbon market
; carbon price
; clean innovation
; Induced Technical Change
; Porter hypothesis
Scopus学科分类: nvironmental Science: General Environmental Science
; Earth and Planetary Sciences: Atmospheric Science
英文摘要: This paper estimates the potential influence of China's future nationwide carbon market on clean technology innovation. To overcome data limitation issues, the energy price is adopted as a proxy for the carbon price to estimate its impact on clean innovation and R&D. Then, a counter-factual method is introduced in which the potential carbon price is mapped onto the equivalent percentage change of energy price by sector. According to our results, the carbon market shows both a redirection and a crowding-out effect on technology innovation, with the former overwhelming the latter. If the future nationwide carbon market yields a carbon price of 50 Yuan, our findings estimate that it would result in an increase in the quantity and proportion of clean invention patents in ETS-covered sectors of 2.2% and 3%, respectively, and in an increase in the quantity and proportion of clean utility patents of 3.6% and 1.4% respectively. However, the effect on overall R&D is negative, indicating that carbon costs might crowd out some R&D expenditures, but in a limited manner. Generally, the carbon market in China is expected to help redirect technology innovation onto a cleaner path. Key policy insightsChina's future ETS would help redirect technology innovation onto a cleaner path.Maintaining a reasonable carbon price is critical to promote clean innovation.A tightened cap on the ETS system would help to maintain such a reasonable carbon price. © 2017 Informa UK Limited, trading as Taylor & Francis Group Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/80236
Appears in Collections: 科学计划与规划
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作者单位: Economics and Management School, Wuhan University, Wuhan, People’s Republic of China; School of Economics, Huazhong University of Science and Technology, Wuhan, People’s Republic of China; Climate Change and Energy Economics Study Center, Economics and Management School, Wuhan University, Wuhan, People’s Republic of China
Recommended Citation:
Lin S,, Wang B,, Wu W,et al. The potential influence of the carbon market on clean technology innovation in China[J]. Climate Policy,2017-01-01