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主讲人 |
Shu Lin |
简介 |
<p>The interplay between trade policy and energy policy is crucial in shaping the carbon effect of trade activities. Using U.S.-China trade war as the exogenous shock, we empirically and quantitatively examine the impacts of trade frictions on carbon emissions and emission intensity in China and welfare. Using comprehensive firm-level tax survey data, we find that U.S.-China trade friction raises carbon emission intensity at both the city level and firm level. Two mechanisms drive the effects: loosening government environmental regulations that increase firm usage of coal and subsequent carbon emission intensity; and resource reallocation between exporting and less clean domestic production. Our quantitative analyses further discuss the impact of the trade friction on the welfare of China, the U.S., and the world due to affected production and increased carbon emissions.</p> |
