Summary of variable definition and data sources
| Category | Definition | Source | |
|---|---|---|---|
| Dependent variable | co2 | Plant-level CO2 emission data (million tons) | ODIAC database |
| pm25 | Plant-level PM2.5 emission data (μg/m3) | TAP database | |
| Dummy variable | pilot | 1 for the pilot area, 0 for the non-pilot area | – |
| policy | 1 for time periods equal to or after the year 2012, 0 for before 2012 | – | |
| Independent variable | capacity | Installed electricity generation capacity of power plants (MW) | Global Power Plant database |
| greenfin | Green finance development index (1–10) | China Statistical Yearbook, China Insurance Statistical Yearbook, Statistical Yearbooks of Sample Provinces | |
| rd_gdp | R&D expense/GDP (%) | ||
| ven | Ventilation coefficient | Global Environmental Database | |
| Category | Definition | Source | |
|---|---|---|---|
| Dependent variable | Plant-level CO2 emission data (million tons) | ODIAC database | |
| Plant-level PM2.5 emission data (μg/m3) | TAP database | ||
| Dummy variable | 1 for the pilot area, 0 for the non-pilot area | – | |
| 1 for time periods equal to or after the year 2012, 0 for before 2012 | – | ||
| Independent variable | Installed electricity generation capacity of power plants (MW) | Global Power Plant database | |
| Green finance development index (1–10) | China Statistical Yearbook, China Insurance Statistical Yearbook, Statistical Yearbooks of Sample Provinces | ||
| R&D expense/GDP (%) | |||
| Ventilation coefficient | Global Environmental Database | ||
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