ORIGINAL RESEARCH
Study on the Sector Coverages
in the National Carbon Market – From
the Perspective of Synergistic Emission
Reduction of CO2 and Air Pollutants
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1
Shanghai University of Finance and Economics, Shanghai 200082, China
2
Zhejiang Province Key Think Tank: Institute of Ecological Civilization, Zhejiang A&F University,
Hangzhou 311300, China
Submission date: 2024-06-07
Final revision date: 2024-08-09
Acceptance date: 2024-10-28
Online publication date: 2024-12-02
Corresponding author
Xingwang Zhu
Zhejiang Province Key Think Tank: Institute of Ecological Civilization, Zhejiang A&F University,
Hangzhou 311300, China
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ABSTRACT
Promoting synergistic governance of CO2 emissions and air pollutant emissions reduction
in the carbon market is crucial for China’s transition towards sustainable development. This study
combines complete forward and backward linkages coefficients from input-output analysis with costeffective
analysis to show how to enhance the synergistic effects of the national carbon market in CO2
emissions and air pollutant emissions reduction from a sectoral selection perspective and discuss
the optimal sector inclusion sequence under different policy objectives using the 2020 non-competitive
input-output table of 29 sectors. The results demonstrate that to enhance the synergistic effects
of the national carbon market, sectors such as Coal Mining and Dressing, Oil and Gas Extraction,
Petroleum and Coal Processing, Metal Smelting and Pressing, Electricity and Heat Production, as
well as Transportation, should be included; sectors like Papermaking, Non-metallic Mineral Products,
and Chemicals should not be included, which have low synergistic effects. The optimal sector inclusion
sequence should be determined by combining different emission constraints.