Evaluation Of The Effect Of Low-carbon Pilot Policy

As a responsible developing country,China has made positive contributions to combating climate change.In order to fulfill the "UNFCCC" emission reduction obligations better,the implementation of low-carbon development strategy is the only way.In 2010,China began to implement low-carbon pilot policy.At present,China’s low-carbon pilot construction is still in its infancy,in order to better carry out and promote low-carbon construction in the future,it is necessary to scientifically and rationally evaluate the effect of low-carbon pilot construction,and compare it with the expected target.Then the government can take the next step.First,this thesis summarizes the relevant research on the construction of low carbon districts and policy evaluation methods at home and abroad.Then,this thesis sums up the experience of foreign low carbon economy and the construction of low carbon regions,and analyzed the problems existing in the process of the low carbon construction in China.After that,based on the economic data of the five pilot provinces in China from 2003 to 2017,this thesis calculates the low carbon index and environmental protection index,and a Difference in Difference model and event study method are used to quantitatively analyze the effect of the low carbon pilot policy in China.The results show that for pilot provinces with low levels of low carbon development,the low carbon pilot policy has a more significant effect on improving the low carbon index and environmental protection index.The low carbon pilot policy generally suppressed the average growth rate of the industry in Guangdong and Liaoning,while increasing the average growth rate of the industry in Hubei and Yunnan.This effect is mainly reflected in high carbon consumption industries.In addition,the low carbon pilot policy has significantly reduced the stock returns of listed companies in high carbon consumption industries in the pilot provinces.Finally,based on the above research and analysis,this thesis puts forward some recommendations for China’s low carbon construction and development in the future.