Impacts of Carbon Emission Trading Policyon Enterprises’ Total Factor Productivityin China

The Paris Agreement was signed by 175 countries on 22 April 2016, providing guidelines for global efforts in addressing climate change.In response to the Paris Agreement, the Chinese government announced in 2020 that it would strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.Carbon emissions trading has become extremely important for countries to control carbon emissions [1][2][3].In order to fulfill its commitment to emission reduction, the European Union launched the international carbon emissions trading system in 2005.In 2011, China announced the launch of a pilot carbon market.