Developing new energy is critical to China’s green and low-carbon development. Therefore, in 2014, the Chinese government promulgated a vital innovation policy, namely, the New Energy Demonstration City Policy (NEDCP), which is expected to reduce energy consumption and carbon emissions in Chinese cities. Is the NEDCP facilitating green and low-carbon development in China, and if so, how? Based on unbalanced panel data from 2003 to 2017 at the city level in China, in this study we evaluate the impact of the NEDCP on green and low-carbon development using the staggered difference-in-differences (DID) method. We find that the NEDCP can significantly contribute to green and low-carbon development in China. After various robustness tests, our results are still valid. According to the heterogeneity analysis, non-resource and non-old industrial-base cities have a greater positive impact from this policy. The mechanism analysis denotes that the positive policy effect works by upgrading the industrial structure and stimulating urban innovation. The substantial empirical evidence presented in this paper supports the continued promotion and implementation of new-energy demonstration cities.

Developing new energy is critical to China's green and low-carbon development. And the New Energy Demonstration City Policy (NEDCP) is a vital innovation policy that inspires the development of new energy. Is the NEDCP facilitating green and low-carbon development, if so, how? Employing unbalanced panel data from 2003 to 2017, the impact of NEDCP on green and low-carbon development was studied by using the "difference in difference" (DID) model. We find that this policy can take significantly role. After various robustness tests, our results are still valid. According to the heterogeneity analysis, non-resource and non-old industrial base cities have a greater positive impact from this policy. The mechanism analysis denotes that the positive policy effect works through upgrading the industrial structure and stimulating urban innovation. The substantial empirical evidence presented in this article supports the continued promotion and implementation of new energy demonstration cities.

Developing renewable energy is an important strategy to respond to carbon neutrality, contributing to energy transition and sustainable development in China. A dynamic computable general equilibrium model is employed to study the impacts of renewable energy policies on emission reductions and economic development. The basic data is the Chinese input-output table in 2015. The results show that the expansion of renewable energy can reduce emissions and that the power sectors face significant decreases in emissions compared to other sectors; the high economic growth is more conducive to the optimization of energy consumption structure and creates more favorable conditions for renewable electricity adoption; and the share of renewable electricity will reach 48.88% and 50.02% by 2030 under low and high GDP growth paths, respectively. The increased clean electricity derives mainly from wind power and solar power.