Can China's Carbon Emissions Trading System Achieve the Synergistic Effect of Carbon Reduction and Pollution Control?

From the perspective of dynamic effects, in Figure 2 , in the year before the implementation of the ETS, although the ETS was not fully implemented, some pilot provinces and cities had already prepared for carbon trading activities in advance, so β k has been significant and consistently negative since 2013, which means that the effect of ETS began one year before the implementation of the policy, and in terms of value, the effect of CO 2 emission reduction shows an increasing trend year by year, which may be related to the promotion of carbon trading market construction.

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