Green finance: how can it help Chinese power enterprises transition towards carbon neutrality

Li, Chengyu; Zhu, Conghui; Wang, Xueni; Ren, Shuchang; Xu, Pengrui; Xiang, Haige

doi:10.1007/s11356-023-25570-z

Cited by 15 publications

(4 citation statements)

References 48 publications

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“…Some energy companies invest in carbon offset programs in their sustainable marketing strategies. By funding reforestation projects, renewable energy installations in developing countries, or other carbon-reducing initiatives, they can compensate for their carbon emissions and market their products and services as carbon-neutral or carbon-negative [83][84][85][86] . Energy companies are conducting comprehensive life cycle assessments of their products and services to understand and mitigate their environmental impacts from cradle to grave.…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainability marketing strategies for the energy sector: Trends, challenges, and future directions

Durmus Senyapar

2024

Environ. Soc. Psychol.

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This study delves into the complex dynamics of sustainable marketing within the energy sector, aiming to unravel the intersection of sustainability principles and marketing strategies that promote environmental stewardship, economic viability, and social equity. Through exploratory qualitative research, the study uncovers critical trends in sustainable marketing, addressing the challenge of aligning strategies with environmental, economic, and social goals. A strategic shift is observed in integrating renewable energy sources, emphasizing environmental benefits and global alignment with sustainability goals. Transparent communication and ethical practices are pivotal, fostering consumer trust and authentic storytelling and establishing a foundation for a trustworthy energy sector. The emphasis on energy efficiency solutions and digital marketing platforms contribute to an informed and empowered consumer base. Customizable energy solutions, incentive programs, collaborative campaigns, and sustainable branding enhance market appeal, reinforcing economic benefits and positioning companies as leaders in transitioning to a sustainable energy future. The critical findings highlight integrating renewable energy sources, a shift towards transparency and ethical marketing practices, promoting energy efficiency solutions, leveraging digital platforms, offering customizable solutions, and engaging in collaborative campaigns with sustainable branding. Synthesizing these findings, the study provides a holistic perspective on strategies contributing to a resilient and eco-conscious future in the energy sector. Energy companies can leverage these insights to refine marketing strategies, align with global sustainability goals, foster consumer trust, and position themselves as leaders in transitioning to a sustainable energy future.

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Section: Literature Reviewmentioning

confidence: 99%

Sustainability marketing strategies for the energy sector: Trends, challenges, and future directions

Durmus Senyapar

2024

Environ. Soc. Psychol.

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“…The implementation of carbon trading system stimulates the green transformation potential of high polluting enterprises, which need capital investment in the process of green transformation (Li et al, 2023).…”

Section: Theoretical Hypothesismentioning

confidence: 99%

Carbon trading systems and Credit Spreads of Highly Polluting Corporate Bonds: An Empirical Study Based on a Triple Difference Model

Liu

Chen

et al. 2023

Preprint

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The global environment has been changing rapidly since the 21st century, and the harmonious coexistence between human beings and nature has been seriously challenged, and the green transformation of highly polluting enterprises has become a requirement of the times. Based on monthly corporate bond data and annual corporate financial data from January 2009 to December 2019 in China, this paper constructs a triple difference model to test the impact of carbon trading system on corporate bond credit spreads. The results show that, first, the carbon trading system has a reducing effect on the credit spreads of bonds of highly polluting companies in the carbon trading pilot region, and the implementation of the carbon trading system can promote bond financing in the green transformation process of highly polluting companies. Second, there is heterogeneity in the impact of the carbon trading system on the credit spreads of bonds of high-polluting firms, with private firms, small-scale firms and emerging firms having a greater reduction in corporate bond credit spreads than state-owned firms, large-scale firms and senior firms. Third, the carbon trading system exposes high-polluting firms to the risk of bankruptcy in the "carbon trading market" due to high operating costs and small net profits, thus incentivizing high-polluting firms to raise bonds in the "investment and financing market" to promote their green transformation.

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“…In order to solve the increasingly serious climate problem, governments all over the world have formulated their own emission reduction and energy saving strategies, and encouraged enterprises to participate in the emission reduction plan by issuing various environmental protection policies, among which the most popular one is the Carbon Peak and Carbon Neutrality Plan issued by the Chinese government in 2021. So, not only in response to the government's call, but to reflect corporate values and demonstrate social responsibility, more and more enterprises have taken carbon neutrality as their core strategy and developed their own carbon neutrality plans [1]. Enterprises usually use carbon emission reduction, carbon transfer and carbon sink purchases to achieve the goal of decarbonization [2].…”

Section: Introductionmentioning

confidence: 99%

“…Among them, the auction of carbon sinks in just 15 years has incurred nearly 1.4 billion dollars of costs for Apple, which is undoubtedly a huge investment risk for business operation. Classical cases of carbon neutrality in multinational corporations not only provide examples, but also reveal problems [1,4]. First, measures for enterprises to realize carbon neutrality, such as carbon sequestration and carbon removal, require a large amount of capital investment.…”

Section: Introductionmentioning

confidence: 99%

Closed-Loop Supply Chain Decision-Making and Coordination Considering Fairness Concerns under Carbon Neutral Rewards and Punishments

et al. 2023

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The cheap price of carbon sink trading in certification emission reduction (CER) makes it more popular than the carbon emission allowance (CEA); trading in carbon-neutral, enterprises are more inclined to purchase carbon sinks to achieve their own carbon neutrality goals and promote decarbonization of the whole chain. Companies urgently need to figure out how to achieve carbon neutrality with government rewards and punishments. Moreover, as an important factor affecting the effectiveness of supply chain, it is particularly important to study how to coordinate fairness concerns of such objects. Therefore, a centralized and two-stage Stackelberg game model of a closed-loop supply chain (CLSC) of one manufacturer and one retailer is constructed, and the cost-sharing contract, revenue-sharing contract, and cost–revenue-sharing contract are used to coordinate it, taking into account the fairness concerns of downstream enterprises while pursuing carbon neutrality, ensuring the overall benefits of the supply chain, and considering the impact of government subsidies and rewards and punishments on the carbon neutrality of the supply chain. Research shows that (1) compared with the other two contracts, the cost–revenue-sharing contract performs better and can effectively achieve the Pareto optimum; (2) the cost-sharing contract performs better in accomplishing the carbon neutrality of the CLSC; (3) excessively high carbon sink prices are not only detrimental to enterprise efficiency, but also to the realization of carbon neutrality goal; and (4) higher supply chain utility is pursued by enterprises when the unit reward and punishment are not great enough; otherwise, carbon neutrality is pursued. The research results can not only provide decision support for the product pricing, carbon sink reserve and contract design of CLSC enterprises under the goal of carbon neutrality, but can also provide a reference for the setting of government subsidies and rewards and punishment.

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Green finance: how can it help Chinese power enterprises transition towards carbon neutrality

Cited by 15 publications

References 48 publications

Sustainability marketing strategies for the energy sector: Trends, challenges, and future directions

Sustainability marketing strategies for the energy sector: Trends, challenges, and future directions

Carbon trading systems and Credit Spreads of Highly Polluting Corporate Bonds: An Empirical Study Based on a Triple Difference Model

Closed-Loop Supply Chain Decision-Making and Coordination Considering Fairness Concerns under Carbon Neutral Rewards and Punishments

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