Can the Natural Resources Capitalization Contribute to the Achievement of Carbon Neutrality? A Pilot Experiment Evidence From China

There has been renewed interest in assessing the pilot scheme for compiling the natural resources capitalization (NRC). A growing body of evidence highlights the good effects that the policy of NRC has on the construction of ecological civilization. No known empirical research has focused on exploring relationships between the policy of NRC and carbon emissions reduction. This paper employs the NRC as the ecological civilization policy to investigate whether the implementation of NRC has contributed to the carbon emissions reduction with a difference-in-differences (DID) method. The results showed that different variables of carbon emissions in four pilot cities can be effectively affected by the implementation of NRC. There were significant negative correlations between the carbon emissions per GDP (Gross Domestic Product) and the policy for Hulun Buir, Huzhou and Loudi cities, and a significant increase of carbon sequestration was found in Yan'an city. This research provides a timely and necessary study that the NRC policy could be a contributing factor to carbon emissions reduction. As a result of these investigations, suggestions were identified for future research. Further research should be undertaken to investigate the collaborative effects of multi-policies on environmental issues.

Automated summary

There has been an increased interest in evaluating the pilot scheme for compiling the natural resources capitalization policy, with a focus on its impact on carbon emissions reduction. This study utilized a difference-in-difference method to investigate the relationship between the NRC policy and carbon emissions in four pilot cities, revealing significant effects. The findings suggest that the NRC policy could be a contributing factor to reducing carbon emissions, with implications for future research on multi-policy collaborations in addressing environmental issues.