RESOURCES AND ENVIRONMENT IN THE YANGTZE BASIN >> 2016, Vol. 25 >> Issue (06): 877-888.doi: 10.11870/cjlyzyyhj201606003

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REGULATORY EFFECT AND ITS COMPARISON OF COMPREHENSIVE ENERGY PRICE INDICES ON CHINESE PROVINCIAL CARBON INTENSITY: AN EMPIRICAL ANALYSIS BASED ON 30 PROVINCES' PANEL DATA

HE Ling-yun1, YANG Xue-jie1, YIN Fang1, ZHONG Zhang-qi2, JIN Li-cheng3   

  1. 1. School of Management, China University of Mining and Technology Xuzhou 221116, China;
    2. Key Laboratory of Geographic Information Science, East China Normal University, Shanghai 200241, China;
    3. Belk College of Business, University of North Carolina at Charlotte, Charlotte 288223-0001, USA
  • Received:2015-09-29 Revised:2015-12-13 Online:2016-06-20
  • Supported by:
    National Natural Science Foundation of China (Grant No. 71203219, 71573255);The Key Project of the National Social Sciences Program Fund of China (Grant No. 15ZDB163)

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Abstract: Since there is no united energy price index in China, this paper constructs a comprehensive energy price index that combines industrial and nonindustrial price indices and can reflect the regional difference. Based on this, with the methods of Panel Date Model and Hierarchical Cluster analysis, this paper constructs the direct, regulatory and dynamic models respectively to test the effect of energy price lever on carbon intensity using 30 provinces' related historical data during 1995-2012 in China. The result shows that: firstly, energy price can impact on carbon intensity through industrial structure, technical level and energy intensity, the depressing effect is 0.576% 0.048%, and 0.787% respectively. Secondly, compare with the direct effect, carbon depressing effects of the former two paths are improved when considering regulatory effect of price lever, in which effect of structure path improved by 44.4%. And there are few changes of technology path. However, the depressing effect of reducing energy intensity decreases by 7.91%. Thirdly, carbon intensity has certain inertia, provincial carbon intensity of last year has a certain influence of it in current year, and the effect is about 70%. Under this condition, when regulatory effect of price lever is considered, carbon depressing effect of industrial structure optimization and energy intensity reduction is far more significant than technology improvement. It indicates that the reductions of carbon emission mainly relay on structure path in short term, but technology improvement is the key in the long run. In general, a reasonable rising energy price benefits energy saving and emission reduction, but the price leverage effect on carbon intensity shows obvious regional difference. Besides, resource tax also has significant effect on carbon intensity decreasing. According to the difference of price leverage, considering the effect of coal tax policy, provinces in China can be divided into five categories: weak, relatively weak, medium, relatively strong, and strong regulatory effect. In the sample period, depressing effect of energy price on carbon emission energy price in eastern and mid-eastern provinces is greater than that in western and mid-western provinces. Generally speaking, there is no direct relationship between the effect of price lever on carbon intensity and regional economic development, but it is influenced by economic development speed, provincial carbon intensity, technical conversion efficiency, characteristics of energy production and consumption and etc.. Besides, in the region with high market level, regulatory effect of price lever on carbon intensity is relatively high, while effect of tax policy is limited; conversely, in the region with low market level, depressing effect of tax policy on carbon intensity if significant, and regulating effect of price lever has not brought into full play.

Key words: energy price index, carbon intensity, energy saving and emission reduction

CLC Number: 

  • F429.9
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