Low-Carbon City Construction and Corporate Carbon Reduction Performance: Evidence From a Quasi-Natural Experiment in China

Chen, Shaojian; Mao, Hui; Sun, Junqin

doi:10.1007/s10551-021-04886-1

Cited by 115 publications

(41 citation statements)

References 72 publications

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“…Xuan et al [24] used a DID model to find that carbon emissions trading policy, economic development level, technical research level, and openness could significantly reduce carbon dioxide emissions intensity by promoting carbon reduction. Chen et al [25] studied the impact of low-carbon city construction on enterprise carbon emission reduction by using the DID model, and obtained positive results. Many Chinese scholars have also studied carbon reduction according to the national conditions and policies of the Chinese market.…”

Section: Literature Reviewmentioning

confidence: 99%

Study on the Emission Reduction Effect and Spatial Difference of Carbon Emission Trading Policy in China

Tian

et al. 2022

Energies

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To cope with huge carbon emission pressure, China has implemented a carbon emissions trading pilot policy that aims to provide reasonable suggestions for the smooth operation of the national carbon market. This paper selects the provincial panel data in China from 2005 to 2019 and uses the propensity score matching-difference in difference (PSM-DID) method to evaluate the carbon emission policy’s reduction effect. Based on carbon emissions (CE) and carbon emission intensity (CI), provinces and cities are divided into four regions, and each region is verified by spatial difference analysis. Furthermore, the mediating effects of carbon emission reduction through the dual aspects of technological progress and industry structure are also discussed. Results verified that, (1) under the carbon emission trading policy, regional carbon emissions and carbon emission intensity are both significantly reduced. (2) Technological progress helps to reduce carbon emissions, while industrial structure shows no obvious contribution. (3) The four regions all show ideal emission reduction effects, of which the High CE-High CI region shows the best, but is greatly restricted by techniques. The industrial structure of the High CE-Low CI region needs to be further optimized for carbon reduction. In the Low CE-High CI region, the carbon emissions brought by economic development fail to effectively improve per capita GDP. The Low CE-Low CI region contributes greatly to carbon emission reduction with technical advantages.

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Section: Literature Reviewmentioning

confidence: 99%

Study on the Emission Reduction Effect and Spatial Difference of Carbon Emission Trading Policy in China

Tian

et al. 2022

Energies

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“…On the contrary, human resources and other factors have a sustained indirect effect on economic benefits. erefore, in environmental ethics, the economic benefits of enterprises are most affected by enterprise innovation and reputation factors [23].…”

Section: Factors and Ways Of Enterprise Environmental Ethicsmentioning

confidence: 99%

Analysis of the Influencing Factors of Enterprise Environmental Ethics on Enterprise Economic Performance

Jiang

Lyu

2022

Discrete Dynamics in Nature and Society

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In the information age, people’s awareness of living environmental protection has increased unprecedentedly, and the concept of green environmental protection in enterprise economic behavior has been paid more and more attention by the market and consumers. The integration of green ideas, the improvement of production technology, and the research and development of environmental protection products have become the development trend of enterprises, and environmental ethical responsibility has also become an inevitable problem for enterprises. This paper analyzes the impact of enterprises’ conscious commitment to environmental ethics on their economic benefits, identifies the key influencing factors with the help of scientific statistical methods, analyzes the action mechanism of influencing factors in performance on the basis of the effect model and communication model, and analyzes the correlation between environmental ethics and economic benefits. The experimental results show that the long-term dissemination of innovation and reputation factors in environmental ethics is conducive to the dissemination of green innovative technologies and products, obtaining the attention and recognition of more enterprises and stakeholders, broadening the scope of cooperation and sales, and obtaining the support of German consumers. Environmental ethics has a short-term direct effect on performance. When the direct effect is reduced, the intermediary effect of innovation and reputation factors can achieve a positive effect on performance by transmitting benefits.

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“…Among them, the construction of low-carbon cities is one of the most representative climate policies [11,12]. Studies have shown that lowcarbon cities do help companies to improve their carbon emissions [13]. However, as we all know, enterprises are still market participants whose main objective is to maximize benefits.…”

Section: Introductionmentioning

confidence: 99%

“…On the one hand, as the current climate policy of low-carbon transition is increasingly strengthened, their original assets may face the risk of grounding, which directly results in their financial losses [14,15]. On the other hand, the pressure of low carbon transformation leads to the change of social capital flow, which brings higher financing costs for these companies [13]. It would also bring about more technology research and development costs for energy industries [8].…”

Section: Introductionmentioning

confidence: 99%

Climate policy uncertainty and corporate investment: evidence from the Chinese energy industry

2022

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In recent years, with the increasing attention paid to climate risks, the changes in climate policies are also more full of uncertainties, which have brought tremendous impact to economic entities, including companies. Using the dynamic threshold model, this study investigates the nonlinear and the asymmetric effect of climate policy uncertainty on Chinese firm investment decisions with panel data of 128 Chinese energy-related companies from 2007 to 2019. The empirical findings indicate that the influence of climate policy uncertainty on firm investment is significantly nonlinear. Overall, climate policy uncertainty is not apparently related to corporate investments in the high-level range, while it negatively affects the investments in the low-level range. In addition, to be more specific, the negative impact of climate policy uncertainty on the mining industry is tremendous, while the influence on the production and supply of electricity, heat, gas, and water sector is remarkably positive. The results of this study could help the company managers and policymakers to arrange appropriate related strategies under different climate policy conditions.

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Low-Carbon City Construction and Corporate Carbon Reduction Performance: Evidence From a Quasi-Natural Experiment in China

Cited by 115 publications

References 72 publications

Study on the Emission Reduction Effect and Spatial Difference of Carbon Emission Trading Policy in China

Study on the Emission Reduction Effect and Spatial Difference of Carbon Emission Trading Policy in China

Analysis of the Influencing Factors of Enterprise Environmental Ethics on Enterprise Economic Performance

Climate policy uncertainty and corporate investment: evidence from the Chinese energy industry

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