Arbeitspapier

The Impact of the Energy Conservation Law on Enterprise Energy Efficiency: Quasi-Experimental Evidence from Chinese Firms

We employ a regression discontinuity design (RDD) to investigate the causal effect of China's Energy Conservation Law (ECL) on the energy efficiency of Chinese firms. Using data from the 2018 China Employer-Employee Survey (CEES), we find that the energy regulation has a positive impact on enterprise energy efficiency. Furthermore, we observe that the effects of the regulation vary across industries, ownership types, and firm ages. We also find that energy management system (EnMS) and technological innovation are mechanisms through which the energy regulation helps improve enterprise energy efficiency. These findings underscore the importance of well-designed and effectively implemented energy regulations in fostering energy efficiency and reducing carbon emissions in the industrial sector. They also highlight the need to consider the heterogeneity of the regulatory impact when designing energy-saving policies.

Language: Englisch

Bibliographic citation: Series: GLO Discussion Paper ; No. 1339

Classification: Wirtschaft
Energy, Environmental, Health, and Safety Law
Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
Environmental Economics: Government Policy

Subject: Energy Conservation Law
energy regulation
energy efficiency
China
regression discontinuity design

Event: Geistige Schöpfung

(who): Yu, Hongwei
Chen, Wenjin
Wang, Xinyi
Delina, Laurence
Cheng, Zhiming
Zhang, Le

Event: Veröffentlichung

(who): Global Labor Organization (GLO)

(where): Essen

(when): 2023

Handle: http://hdl.handle.net/10419/278822

Last update: 10.03.2025, 11:43 AM CET

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Object type

Arbeitspapier

Associated

Yu, Hongwei
Chen, Wenjin
Wang, Xinyi
Delina, Laurence
Cheng, Zhiming
Zhang, Le
Global Labor Organization (GLO)

Time of origin

2023

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The Impact of the Energy Conservation Law on Enterprise Energy Efficiency: Quasi-Experimental Evidence from Chinese Firms

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