Climate Change Research ›› 2023, Vol. 19 ›› Issue (3): 320-333.doi: 10.12006/j.issn.1673-1719.2022.182

• Greenhouse Gas Emissions • Previous Articles     Next Articles

Research on the impact of carbon emissions trading scheme on airlines’ green total factor productivity

TIAN Li-Jun1,3(), Qin Wen2, LI Jie2   

  1. 1 Institute of Environment and Sustainable Development, Civil Aviation University of China, Tianjin 300300, China
    2 School of Economics and Management, Civil Aviation University of China, Tianjin 300300, China
    3 School of Transportation Science and Engineering, Civil Aviation University of China, Tianjin 300300, China
  • Received:2022-08-02 Revised:2022-12-26 Online:2023-05-30 Published:2023-05-19


Carbon emissions trading scheme (ETS) has become an important market means to reduce greenhouse gas emissions and an effective policy tool to achieve the goal of “double carbon”. Using airlines as the research object and 2013-2022 as the time window, the difference in differences (DID) model was used to test the impact of China’s pilot ETS policy on the green total factor productivity (GTFP) of airlines. Research has found that even under loose regulations dominated by free quotas, ETS still has a significant effect in curbing aviation carbon emissions and increasing GTFP, especially for low-cost carrier, private aviation, and dual carbon market regulations. For airlines to reduce emissions, a strict benchmark quota allocation method has a better forcing effect than a relaxed grandfather system. ETS mainly enhances airline GTFP by promoting environmental investment and refined management. The research conclusions provide academic reference and quantitative solutions for scientifically evaluating the policy effects of carbon trading pilot projects, improving the total factor productivity of civil aviation, and promoting green development of the industry.

Key words: Carbon emission trading scheme (ETS), Airline company, Green total factor productivity (GTFP), Difference in differences (DID) model

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