Does an Emissions Trading Policy Improve Environmental Efficiency? Evidence from China

Zhang, Yifei; Sheng, Li; Fang, Zhang

doi:10.3390/su12062165

Cited by 10 publications

(6 citation statements)

References 61 publications

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“…For instance, companies are directing substantial investments into the development of alternative fuel vehicles, including electric, hybrid, and hydrogen fuel cell cars, to meet the burgeoning demand for ecofriendly transportation (Zhang et al, 2020). These pioneering technologies necessitate significant research and development investments, which may impact a firm's short-term financial performance but can yield a sustainable competitive advantage over time (Kim, Kim, & Park, 2021;Kim, Lee, et al, 2021).…”

Section: Innovationmentioning

confidence: 99%

The role of corporate social responsibility and corporate social irresponsibility in shaping corporate reputation: An analysis of competitive action and innovation strategies

Lin

2023

Corp Soc Responsibility Env

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This study delves into the intricate interplay of Corporate Social Responsibility (CSR) and Corporate Social Irresponsibility (CSI) within the context of corporate reputation, further illuminated by the influential moderating effects of competitive action and innovation. It underscores that CSR positively influences firms' corporate reputation, aligning with established notions of ethical practices enhancing stakeholder trust and public perception. Conversely, CSI's adverse impact on corporate reputation serves as a cautionary tale against ethical negligence. To explore this link, the study analyzes a sample of top global automotive firms using dynamic panel data system Generalized Method of Moments (GMM) estimates. The investigation of secondary data from 132 global automotive firms over the period 2016–2022 finds evidence supporting the association between CSR, CSI, and reputation. Notably, competitive action emerges as a significant moderator in this equation. The study reveals that firms with high competitive action experience a more pronounced positive relationship between CSR and corporate reputation, while a parallel link exists between competitive action and the adverse influence of CSI on reputation. This underlines competition's role in intensifying reputational effects. Additionally, innovation assumes a similar role as a moderator. High innovation levels accentuate the positive CSR‐corporate reputation relationship, underscoring the potency of innovation in amplifying ethical impact. Conversely, innovation mitigates the negative CSI‐corporate reputation link, highlighting the potential of innovative practices to offset the repercussions of irresponsibility. In conclusion, this study provides a nuanced understanding of how CSR, CSI, competitive action, and innovation collectively shape corporate reputation. This intricate nexus unveils the intertwined dynamics of ethics, competition, and innovation that define modern corporate landscapes, casting light on their far‐reaching implications for organizations' reputational trajectories.

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Section: Innovationmentioning

confidence: 99%

The role of corporate social responsibility and corporate social irresponsibility in shaping corporate reputation: An analysis of competitive action and innovation strategies

Lin

2023

Corp Soc Responsibility Env

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“…As the policy advances, the research sample has extended in time and space, and inconsistencies in research findings emerge. At the regional level, some scholarly studies have pointed out that EST can not only effectively promote SO 2 emission reduction [12], green development [28] in the pilot provinces, improving environmental efficiency [29] and raise environmental awareness in the surrounding areas [16]. On the contrary, Bingqing Hou et al (2020) showed that ETS implementation hurts green development based on urban panel data [30].…”

Section: Literature Reviewmentioning

confidence: 99%

Sulfur dioxide emissions curbing effects and influencing mechanisms of China’s emission trading system

Yao

Li²,

Zhong³

2022

PLoS ONE

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The emissions trading system, a crucial and fundamental system reform in the environmental resources field of China, was established to promote the continuous and effective reduction of total emissions of major pollutants. In this context, based on the panel data of 285 Chinese cities (except Tibet) from 2004 to 2018, this paper uses the quasi-experimental method of Difference in Difference to assess the effect of the emissions trading system introduced on sulfur dioxide emissions of China and the transmission mechanism. The article generates several intriguing findings. (1) The emissions trading system has a significant suppressive effect on sulfur dioxide emissions. (2) Mechanistic tests show that the emissions trading system can effectively suppress sulfur dioxide emissions by reducing government intervention, stimulating green patent innovation, and improving resource use efficiency, in which green utility patents have a masking effect. (3) From the east, central and west divisions, the emissions trading system has a significant suppression effect on sulfur dioxide emission in the eastern and central regions, and the eastern region is better than the central region. (4) In terms of factor endowment, the emissions trading system has a significant suppression effect on sulfur dioxide emissions in both resource-based and non-resource-based cities, with non-resource-based cities outperforming resource-based cities; while within resource-based effect exists only in regenerative cities. (5) The emissions trading system has a significant suppression effect on sulfur dioxide emissions in old and non-old industrial base cities in industrial base zoning. The suppression effect in non-old industrial base cities is better than that in old industrial base cities. This paper provides empirical evidence for evaluating the emissions trading system at the provincial level in China and suggests policy recommendations for selecting government tools to effectively curb sulfur dioxide emissions. Although the emissions trading system has made an outstanding contribution to sulfur dioxide emissions reduction, there is still much space for further development of potential emission reductions.

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“…Moreover, this subsection discusses the sustainability of the usage of shared economy, which shows many controversies, including the feasibility and sustainability of sharing economy (Zhang et al 2020a ). It also discusses the way shared economy promotes environmental growth as well as quality of life.…”

Section: Literature Reviewmentioning

confidence: 99%

Revisiting SDG-7 under energy efficiency vision 2050: the role of new economic models and mass digitalization in OECD

Kubiczek

Ding

et al. 2021

Energy Efficiency

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Policies on reducing energy demand should incorporate the newly formed economic models, digitalization, and consumer awareness trends. Therefore, this study analyzes the interaction of the three trends with SDG7 under energy efficiency vision 2050, measuring the energy efficiency of OECD from 2005 to 2017 to enable this inclusion. In this context, four new trends expected to shape future energy demand are identified through extensive consultation with experts from South Asian countries by developing future power demand for the year of 2050. Consequently, the results show a crucial impact of such trends on a future power demand that exceeds the economic potential of techno. Hence, the best-case scenario, “New Trends Efficient,” reduces final energy demand by 78% compared to the South Asian “Baseline” scenario in 2050, whereas the “Worst Case” scenario increases final energy demand by 35%. Therefore, Austria and Korea have the highest energy efficiency score of 0.76 and 0.75, whereas Canada and Chile have the lowest energy efficiency score of 0.41 and 0.42. This paper discusses the ability of digitalization and energy consumer awareness trends in shaping the future energy demand based on SDG 7, emphasizing the importance of energy efficiency vision 2050 in policymaking for effective acquisition.

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Does an Emissions Trading Policy Improve Environmental Efficiency? Evidence from China

Cited by 10 publications

References 61 publications

The role of corporate social responsibility and corporate social irresponsibility in shaping corporate reputation: An analysis of competitive action and innovation strategies

The role of corporate social responsibility and corporate social irresponsibility in shaping corporate reputation: An analysis of competitive action and innovation strategies

Sulfur dioxide emissions curbing effects and influencing mechanisms of China’s emission trading system

Revisiting SDG-7 under energy efficiency vision 2050: the role of new economic models and mass digitalization in OECD

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