Impact of Economic Policy Uncertainty on Carbon Emissions: Evidence at China’s City Level

Frontiers in Energy Research

卷:10

Lili Fu¹  Qing Xia²  Jiafeng Miao³  Yufeng Chen³ 

[1]Department of Economics and Trade, Zhejiang Agricultural Business College, Shaoxing, China

[2]|School of Economics and Social Welfare, Zhejiang Shuren University, Hangzhou, China

[3]|School of Economics, Center for Studies of Modern Business, Zhejiang Gongshang University, Hangzhou, China

关键词: carbon emissions;    economic policy uncertainty;    heterogeneous effects;    green and low-carbon transformation;    emission reduction;   

DOI  :  10.3389/fenrg.2022.866217

来源: DOAJ

【 摘 要 】

Estimating the impact of economic policy uncertainty (EPU) on carbon emissions is crucial for formulating emission reduction targets and policies. Using the unbalanced panel data of 325 prefecture-level cities in China from 2001 to 2017 and a two-way fixed-effects model, this paper investigates the impact of economic policy uncertainty on city’s carbon emission intensity. We find that one percentage point increase in economic policy uncertainty will make the city’s carbon emission intensity increase by 4.28 percentage points, and by 0.244 tons per ten thousand yuan at an absolute level. The findings imply that policy makers need to consider the potential threat of economic policy uncertainty on carbon peaking and carbon neutrality in China.

【 授权许可】

Unknown