The environmental benefits of electricity industry restructuring in China: Ownership mixing vs. vertical unbundling
文献类型：期刊论文
| 作者 | Wang, Chang5,6; Guo, Yue2,3,4; Yang, Yu3,4; Chen, Shiyi1,6 |
| 刊名 | ENERGY ECONOMICS
 |
| 出版日期 | 2022-11-01 |
| 卷号 | 115页码:15 |
| 关键词 | Ownership mixing Vertical unbundling Electricity industry restructuring Environmental pollution China |
| ISSN号 | 0140-9883 |
| DOI | 10.1016/j.eneco.2022.106380 |
| 通讯作者 | Chen, Shiyi(shiyichen@fudan.edu.cn) |
| 英文摘要 | Ownership mixing and vertical unbundling are the two pending restructuring reforms in electricity industry in many developing countries, while few studies compared the two reforms, or explored the relative environmental effects of them. In this paper, we empirically examine the effects of ownership mixing and vertical unbundling on electricity generation firms' SO2 emission intensity. We exploit both the ownership mixing and vertical unbun-dling reforms in China and use a difference-in-differences (DD) strategy to deal with identification. We rely on a unique firm-level dataset that contains comprehensive information on firms' pollution records, production ac-tivities, and electricity generation. We find that ownership mixing, while achieving the main reform purpose of increased access to electricity and generation efficiency, also has unintended environmental benefits of signifi-cantly and substantially reducing firms' air pollution intensity. The underlying channels are firms' increased electricity generation and better enforcement of environmental regulations. Vertical unbundling, on the other hand, has no significant effects on firms' air pollution. Our findings document an effective and environmentally friendly pathway for electricity industry restructuring in developing countries. |
| WOS关键词 | EFFICIENCY EVIDENCE ; UNITED-STATES ; PRIVATIZATION ; POWER ; DEREGULATION ; COMPETITION ; PERFORMANCE ; REFORM ; IMPACT ; PRODUCTIVITY |
| 资助项目 | Innovative Research Group Project of the National Natural Science Foundation of China ; Fox International Fellowship at Yale University ; [72121002] |
| WOS研究方向 | Business & Economics |
| 语种 | 英语 |
| WOS记录号 | WOS:000894966700002 |
| 出版者 | ELSEVIER |
| 资助机构 | Innovative Research Group Project of the National Natural Science Foundation of China ; Fox International Fellowship at Yale University |
| 源URL | [http://ir.igsnrr.ac.cn/handle/311030/188241]  |
| 专题 | 中国科学院地理科学与资源研究所 |
| 通讯作者 | Chen, Shiyi |
| 作者单位 | 1.Anhui Univ, Hefei 230601, Peoples R China 2.Univ Warwick, Warwick Business Sch, Coventry CV4 7AL, England 3.Univ Chinese Acad Sci, Coll Resources & Environm, Beijing 100049, Peoples R China 4.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Key Lab Reg Sustainable Dev Modeling, Beijing 100101, Peoples R China 5.Yale Univ, MacMillan Ctr Int & Area Studies, New Haven, CT 06520 USA 6.Fudan Univ, Sch Econ, Shanghai 200433, Peoples R China |
| 推荐引用方式 GB/T 7714 | Wang, Chang,Guo, Yue,Yang, Yu,et al. The environmental benefits of electricity industry restructuring in China: Ownership mixing vs. vertical unbundling[J]. ENERGY ECONOMICS,2022,115:15. |
| APA | Wang, Chang,Guo, Yue,Yang, Yu,&Chen, Shiyi.(2022).The environmental benefits of electricity industry restructuring in China: Ownership mixing vs. vertical unbundling.ENERGY ECONOMICS,115,15. |
| MLA | Wang, Chang,et al."The environmental benefits of electricity industry restructuring in China: Ownership mixing vs. vertical unbundling".ENERGY ECONOMICS 115(2022):15. |
入库方式： OAI收割
来源：地理科学与资源研究所
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