4.2.1. Empirical Results and Analysis of Overall Effects
Based on panel data from 13 prefecture-level cities for 2005, 2010, 2015, and 2020, we performed mixed OLS regression to estimate the random and fixed effects in Jiangsu Province. Subsequently, the model was selected based on the Hausman test results, and robustness tests were conducted on the model. According to Formula (3), in order to solve the problem of the inconsistent dimensions of each variable, the STIRPAT model constructed in this article takes the logarithm of the explanatory variable, the dependent variable, and the control variable.
(1) Model estimation results. The impacts of the population size, wealth level, and technological level on the overall carbon emissions of Jiangsu Province were tested using Formula (3). The model introduces fixed effects and random effects. The fixed-effects model solves the problem of omitted variables that do not change over time but vary with individuals. The random effects solve the autocorrelation of errors, and the test results are shown in
Table 3. The regression in column (1) does not introduce control variables, random effects, or fixed effects. The impacts of the population size, wealth level, and technological level on carbon emissions are significant at the 1% level. The regression in column (2) introduces control variables and random effects. The impacts of the three control variables on carbon emissions are not significant, while the impacts of the other three explanatory variables on carbon emissions remain significant at the 1% level. The regression in column (3) includes control variables and fixed effects. Financial expenditure has no significant impact on carbon emissions, while the population size, wealth level, technology level, urbanization level, and industrial structure have significant impacts on carbon emissions at the 10%, 5%, 10%, 5%, and 5% levels, respectively, and the estimated coefficients are 1.267, 0.874, 0.419, −0.583, and 0.920, respectively.
(2) The Hausman test. To ensure the reliability of the regression results and select appropriate model results for analysis, we conducted a Hausman test on the model results. The results indicate that the fixed-effects model performs better than the random-effects model and OLS regression. Therefore, the regression results of the fixed-effects model should be selected for analysis. The Formula (4) for calculating carbon emissions is as follows:
(3) Regression result analysis. As shown in column (3) of the table, the impacts of various factors on carbon emissions in Jiangsu Province vary. Among them, the increase in the population size, the proportion of the secondary industry, and the level of wealth are important factors leading to an increase in carbon emissions in Jiangsu Province. The advancement of the technological level, namely, the decrease in the energy consumption intensity, can play a certain role in reducing emissions. The increase in the urbanization level has a restraining effect on the increase in carbon emissions. The impact of public financial expenditure on carbon emissions is not significant;
(4) Robustness testing. To test the robustness of the fixed-effects model, this article adopts the method of changing the sample size for robustness testing. The fourth column of the regression results is the test result, and, according to the results, the significance and estimated coefficients of each explanatory variable and control variable have almost no change. Therefore, the model passed the robustness testing.
According to the data in
Table 3, the influencing factors of carbon emissions in Jiangsu Province were analyzed. Firstly, the regression coefficients of the population size were positive in all the models, indicating that the increase in the permanent population had a significant positive impact on carbon emissions. For every 1% increase in the permanent population, carbon emissions increase by 1.267%. The elasticity coefficient of population growth on carbon emissions is greater than 1, indicating that the population size in Jiangsu Province is still on the rise, as well as the energy consumption level, leading to an increase in marginal carbon emissions generated by population growth.
The regression coefficient of the wealth level is positive in all the models, and economic growth is the main driving factor for carbon emission growth. For every 1% increase in the per capita GDP, carbon emissions will increase by 0.874%. The elasticity coefficient of economic growth on carbon emissions is slightly less than 1, indicating that Jiangsu Province’s economic growth focuses on optimizing and adjusting the energy structure, and it has entered a stage of high-quality green and low-carbon development, resulting in a decrease in marginal carbon emissions generated by economic growth.
The regression coefficient of the technological level is also positive in all the models, and the decrease in the energy consumption intensity promotes carbon reduction. For every 1% decrease in the energy consumption intensity, carbon emissions will decrease by 0.419%. The elasticity coefficient of the energy consumption intensity on carbon emissions is less than 0.5. The improvement in clean energy production technology in Jiangsu Province has reduced the energy consumption intensity, thereby reducing carbon emissions to a certain extent. However, the carbon reduction brought about by technological progress is very limited, and the marginal carbon reduction generated is decreasing, requiring further increases in investment in technology research and development.
The level of urbanization is not significant in the OSL and random-effects models, but it is significantly negative in the fixed-effects model, indicating that the urbanization process has a certain inhibitory effect on carbon emission growth. For every 1% increase in the urbanization rate, carbon emissions will decrease by 0.583%. The urban infrastructure in Jiangsu Province is relatively complete, and with the improvement in the urbanization level, the efficiency of public facility services will also improve, thereby suppressing carbon emissions.
The proportion of the secondary industry is not significant in the OSL and random-effects models, but it is significantly positive in the fixed-effects model, indicating that an increase in the proportion of the secondary industry will promote the growth of carbon emissions. For every 1% increase in the proportion of the secondary industry, carbon emissions will increase by 0.920%. The elasticity coefficient is slightly less than 1, indicating that Jiangsu Province focuses on industrial structure transformation and upgrading, resulting in a decrease in marginal carbon emissions generated by the increase in the proportion of the secondary industry.
4.2.2. Empirical Results and Analysis of the Three Major Regions
The previous section discussed the overall effects of the carbon emission influencing factors in Jiangsu Province. In this section, 13 prefecture-level cities are divided into three major regions based on their geographical locations: southern Jiangsu, central Jiangsu, and northern Jiangsu, and the impacts of the population size, wealth level, technological level, urbanization rate, and industrial structure on the three major regions are studied. The specific regression results are shown in
Table 4.
The regression coefficients of the population size in the three major regions are also positive, consistent with the overall effect of Jiangsu Province, indicating that the population size has a promoting effect on carbon emissions in the three regions, but the degree of influence gradually weakens from south to north. There are two reasons: on the one hand, some prefecture-level cities have relatively small populations and relatively backward economic development levels, which have a weak impact on carbon emissions, such as Huai’an City and Yancheng City; on the other hand, although the populations of some prefecture-level cities are relatively large, the population distribution and infrastructure layout are relatively concentrated, which improves the energy utilization efficiency, such as in Xuzhou City.
Except for the negative value in northern Jiangsu, the per capita GDPs of the other two regions have a positive impact on carbon emissions, indicating significant spatial heterogeneity. The regions with negative values are mainly distributed in Xuzhou and Lianyungang in northern Jiangsu. The reason is that the level of economic development is relatively low, as is the level of energy consumption, resulting in lower carbon emissions. The per capita GDP of the central Jiangsu region is positive, and the elasticity coefficient is greater than 1, indicating that the economic growth of the region is mainly driven by traditional factors and has not fully utilized the carbon reduction effect of technological innovation. The current development model of cities is still relatively extensive, leading to an increase in marginal carbon emissions generated by economic growth.
The regions where the energy intensity has a positive impact on carbon emissions are mainly concentrated in southern and central Jiangsu. These regions have relatively high degrees of industrialization and can have a certain inhibitory effect on carbon emissions after adopting more advanced technologies and more efficient management methods. The regression coefficient of the energy intensity in northern Jiangsu is negative, indicating a decrease in the energy intensity but an increase in the total carbon emissions. This phenomenon may be due to the fact that during the process of industrial restructuring, some high-emission industries still account for a relatively large proportion, leading to an increase in carbon emissions.
The regression coefficient of the urbanization rate is negative in southern and central Jiangsu, indicating that the urbanization rate has a suppressive effect on carbon emissions in most areas of Jiangsu Province. The areas where the urbanization rate has a positive impact on carbon emissions are mainly concentrated in Yancheng, Xuzhou, and Huai’an in northern Jiangsu. The reason is that the urbanization process in these areas is relatively slow, and there is insufficient investment in infrastructure construction. With the increase in the urbanization rate, carbon emissions have actually increased.
The regions that are highly affected by their industrial structures are mainly in central Jiangsu, with an elasticity coefficient slightly greater than 1. This is because the secondary industry accounts for a relatively large proportion in the region, which promotes an increase in carbon emissions, with Nantong having the greatest positive impact. Nantong has a developed manufacturing industry, with high-energy-consumption manufacturing industries such as metal manufacturing and chemical manufacturing as the main types of industries, resulting in a high-carbon economy. The regions where the industrial structures have a negative impact on carbon emissions are mainly concentrated in the eastern coastal cities of Yancheng and Lianyungang in northern Jiangsu. Due to the abundant marine resources in coastal areas, clean and efficient green energy can be deployed. Moreover, for example, Lianyungang is focusing on promoting the development of new materials and high-end manufacturing in its industrial layout, creating a green industrial chain, and thereby reducing carbon emissions.