This article delves into the profound implications of emission rights on the reduction of pollutants within the Yangtze River Delta region. By conducting a comprehensive theoretical analysis, it discerns that the implementation of an emission rights system has been instrumental in driving down emissions across the Yangtze River Delta. The empirical analysis undertaken in this study focuses on urban industrial sulfur dioxide emissions within the region, utilizing the double difference model as a key analytical tool. Through meticulous examination, the research unequivocally demonstrates the efficacy of the emission rights system in fostering substantial reductions in pollution levels within the Yangtze River Delta. This empirical evidence underscores the pivotal role of policy interventions, such as emission rights mechanisms, in steering industrial practices towards more environmentally sustainable trajectories. Ultimately, this study reinforces the importance of proactive policy measures in curbing environmental degradation and advancing towards a greener, more sustainable future for the Yangtze River Delta and beyond.

Gong Junxi. The Impact of Emission Rights on Emission Reduction in the Yangtze River Delta Region of China. Academic Journal of Business & Management (2024) Vol. 6, Issue 4: 31-38. https://doi.org/10.25236/AJBM.2024.060406.

[1] Bell, Ruth Greenspan, and Clifford S. Russell. 2018. “Environmental Policy for Developing Countries.” In Routledge eBooks, 239–46. https://doi.org/10.4324/9781315197296-10.

[2] Cooter, Robert D. 1989. “The Coase Theorem.” In Palgrave Macmillan UK eBooks, 64–70. https://doi.org/10.1007/978-1-349-20215-7_6.

[3] Zhou, Jia, Jinnan Wang, Hongqiang Jiang, Can Dong, Rensheng Tian, Jun Bi, Jing Zhang, and Xi Cheng. 2019. “A Review of Development and Reform of Emission Permit System in China.” Journal of Environmental Management 247 (October): 561–69. https://doi.org/10.1016/j.jenvman.2019.06.104.

[4] Zhang, Kunmin, and Zongguo Wen. 2008. “Review and Challenges of Policies of Environmental Protection and Sustainable Development in China.” Journal of Environmental Management 88 (4): 1249–61. https://doi.org/10.1016/j.jenvman.2007.06.019.

[5] Wang, Jinnan, Zhanfeng Dong, Qianwei Ying, Qiong Wu, Chazhong Ge, Yueying Wu, and Jianwu Yang. 2021. “Practices of Emission Trading in China: Exploration and Innovation.” In Springer eBooks, 39–89. https://doi.org/10.1007/978-981-16-6905-7_2.

[6] Zhang, ZhongXiang. 2015. “Carbon Emissions Trading in China: The Evolution From Pilots to a Nationwide Scheme.” Climate Policy 15 (sup1): S104–26. https://doi.org/10. 1080/14693062. 2015. 1096231.

[7] Deng, Xiangzheng, Malin Song, Zhihui Li, Fan Zhang, and Yuexian Liu. 2024. “Environmental Resource Allocation Efficiency and Sustainable Development.” In Environmental and Natural Resources Economics, 67–95. https://doi.org/10.1007/978-981-99-9923-1_3.

[8] Lü, Zifeng. 2011. “Emissions Trading in China: Lessons From Taiyuan SO2 Emissions Trading Program.” Sustainability Accounting, Management and Policy Journal 2 (1): 27–44. https://doi.org/ 10. 1108/ 20408021111162119.

[9] Zhang, Haoran, and Yu Liu. 2022. “Can The Pilot Emission Trading System Coordinate the Relationship Between Emission Reduction and Economic Development Goals in China?” Journal of Cleaner Production 363 (August): 132629. https://doi.org/10.1016/j.jclepro.2022.132629.

[10] Marquardt, Carol A., and Christine I. Wiedman. 1998. “Voluntary Disclosure, Information Asymmetry, and Insider Selling Through Secondary Equity Offerings*.” Contemporary Accounting Research 15 (4): 505–37. https://doi.org/10.1111/j.1911-3846.1998.tb00569.x.