Implications of global carbon governance for corporate carbon emissions reduction

Abstract

Global warming not only affects biodiversity, but also threatens human health and wellbeing. As the main source of greenhouse gas emissions, enterprises play a critical role in carbon emissions reduction. However, only a small number of enterprises have disclosed their “low-carbon transition roadmap”, primarily due to the lack of immediate payoffs of green investment, which is disadvantageous to achieve net-zero emissions. First, through case analysis of carbon governance in typical countries around the world, we identify effective emissions reduction measures that firms can learn from. Next, this paper summarizes the multi-dimensional impact framework of corporate carbon emissions reduction. Last, we propose a carbon emissions reduction roadmap for companies from four aspects: companies should 1) actively engage in the carbon emissions trading system, 2) increase the application of green technology, 3) enhance corporate governance structure, and 4) ensure sufficient cash flow for low-carbon transition. This study contributes to the framework of corporate sustainable transition, providing practical references for balancing corporate environmental footprint and value growth.

The Optuna–LightGBM–XGBoost Model: A Novel Approach for Estimating Carbon Emissions Based on the Electricity–Carbon Nexus

“…Z-score normalization is a common data preprocessing technique designed to transform raw data into a dataset with zero mean and unit variance. The calculation of the Z-score is as shown in Equation (1).…”

“…Against the backdrop of increasingly severe global warming and climate change, the estimation and management of corporate carbon emissions have become key issues in scientific research and policy-making [1]. As the primary tools for assessing and predicting corporate carbon emissions, carbon emission estimation models play a crucial role in formulating emission reduction strategies and achieving carbon neutrality goals [2,3].…”

Practical application mode and future development of multi-energy coupling system

“…Currently, countries that account for more than 70% of the global economy have proposed Carbon neutrality goals on the basis of the Paris Agreement, it can be seen that the global carbon governance system has been keeping improving. However, the main challenge of the global carbon governance is the difference of the starting point between the developed and developing countries [3]. The European Union first reached its carbon peak in 1990, but for those developing countries like India and Indonesia, it is common to see that the carbon emission increasing with the economic growth.…”

Ecological Benefits and Plant Landscape Creation in Urban Parks: A Study of Nanhu Park, Hefei, China

“…Research on carbon neutrality at home and abroad is abundant, including studies on the environmental Kuznets inverted U-shaped curve [25,26], which examines the relationship between environmental quality and the economy; the decoupling theory of the relationship between carbon emissions and economic growth [27]; the innovation of carbon capture, collection, and sequestration technology between energy, environment, public acceptance [28]; and other multi-disciplinary methodological and theoretical research. Some scholars in China have presented guidelines for the implementation of the path and emission reduction methods for reaching the national carbon neutrality target through the energy structure [29], environmental governance [30,31] and other aspects. As the most densely populated and richly productive carbon emission key areas in the country, urban green spaces have become the only natural carbon sink space in the city, and urban park green spaces are the essential urban supporting construction land in the process of urban green development [32].…”