Technical progress is the most important factor to achieve emission reduction. The United Nations Intergovernmental Panel on Climate Change has specifically pointed out in two reports that its role exceeds all other factors.
According to estimates, if China wants to achieve the 2020 carbon emission reduction target, the contribution rate of technological energy saving should be maintained at about 43%.
From the perspective of incentives for enterprise innovation, the investigation of the Chinese model of carbon emissions trading is beneficial to the public to better understand this system from a long-term perspective.
For a long period of time, although the central government emphasized the need to build a carbon market, local governments have always been concerned that carbon emissions trading is a constraint on local economic development. If enterprises can reduce costs through innovation through policy incentives, promote local economic transformation, and achieve high-quality development, there will be less resistance in the construction of the carbon market in the future.
Carbon emissions trading is a market-oriented carbon emission reduction policy that has received widespread attention. It is adopted by many countries and regions in the world and can play an important role in mitigating climate change.
The current empirical knowledge on the effects of carbon emissions trading policies mainly comes from the research on the EU carbon market. However, people still have little understanding of the scope of this market-oriented policy, the impact of interaction with other policies, and the changes in the mechanism of action brought about by policy design, which limits the further promotion and greater role of policy.
