Open AccessInfluence of Environmental Regulation and Energy Price on Energy Efficiency
Author(s) -
Zihui Zhang,
Yi Zhu
Publication year - 2020
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/598/1/012082
Subject(s) - lagging , efficient energy use , panel data , economics , energy (signal processing) , energy policy , environmental regulation , public economics , environmental economics , microeconomics , econometrics , renewable energy , engineering , medicine , statistics , electrical engineering , mathematics , pathology
In recent years, the Chinese government has attached great importance to the improvement of energy efficiency, and has formulated many corresponding policies for this purpose Based on the theoretical analysis, this paper selects the relevant provincial data from 2009 to 2015, establishes a panel model and adds a dynamic panel model of lagging energy efficiency, and studies the effect of the combination of environmental policy and energy price on energy efficiency. The results show that environmental regulation has a negative effect on energy efficiency after eliminating endogenous models, and energy prices have a significant positive effect on energy efficiency. According to the above empirical results, the following policy recommendations are proposed: (1) to improve environmental legislation and supervision, continue to accelerate the study of economic regulation and environmental regulation policies; (2) continue to give full play to the significant role of energy prices in energy efficiency, continue to accelerate the market-oriented reform of factors, and gradually establish market-based policy tools.