The carbon trading policy is a product of the combination of government power and market power in order to achieve my country's "carbon peak" and "carbon neutrality" as an important emission reduction tool for our party in combination with my country's actual situation. Based on the spatial Tobin double difference and other methods, this paper analyzes the emission reduction effect with the data since the implementation of my country's carbon trading policy from 2003 to 2019 and analyzes its transmission mechanism. The study found that the carbon trading policy can significantly reduce the carbon emission intensity of the pilot area, and the operation status of the carbon market can also significantly reduce the carbon emission intensity of the pilot area. The government can adjust the operation status of the carbon market to improve the regional emission reduction effect. The spatial interaction term also shows that the carbon trading policy has a positive spillover effect on the surrounding areas. The mediation effect analysis shows that the carbon trading policy mainly promotes the reduction of regional carbon emission intensity through technological innovation and industrial structure optimization. In the heterogeneity analysis, carbon trading policies have different effects on the eastern, central and western regions, so carbon trading policies should be implemented according to local conditions.
This paper takes IFDI and OFDI as a whole through the coupling function to calculate the coordinated development level of two-way FDI. Based on the data from 2003 to 2019, a spatial Dubin model was constructed, and then a mediating effect model was added to further analysis to explore the impress of harmonious development of two-way FDI on China's carbon intensity. The results show that the harmonious development of two-way FDI inhibits the regional carbon intensity, and shows a reverse spatial spillover impress on the carbon intensity of surrounding provinces, especially the indirect effect caused by spatial and geographical factors. Further research finds that the overall level of local innovation can reinforce the inhibitory influence of FDI on carbon emission intensity, but in geographic space, it can increase the carbon emission intensity of surrounding provinces.
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