Cost-benefit allocation of collaborative carbon emissions reduction considering fairness concerns—A case study of the Yangtze River Delta, China

Qu, Ying; Cang, Yaodong

doi:10.1016/j.jenvman.2022.115853

Cited by 10 publications

(4 citation statements)

References 23 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Along with a unified national management system and settlement system, it is necessary to create a comprehensive policy guideline for companies to disclose carbon information in order to make it easier for investors and the public to get carbon data from companies. This will also help create an open and honest market for trading carbon emission rights (Qu & Cang, 2022). This promotes rational carbon emission pricing in the market and encourages companies to undertake social responsibility proactively.…”

Section: Conclusion and Recommendationsmentioning

confidence: 97%

The impact mechanism of carbon emission reduction performance on financial performance based on carbon neutral targets: Evidence from Chinese energy enterprises

Sokolov,

Jiang,

Ding

2024

Nurture

View full text Add to dashboard Cite

Purpose: Low-carbon and green technologies are crucial for achieving industrial structure upgrades and significant leaps forward in the development of energy enterprises. Therefore, this paper examines the correlation between carbon emission reduction and financial performance in energy firms. Design/Methodology/Approach: A two-way fixed-effects model is developed using data from 33 Chinese energy-listed companies between 2015 and 2020. Findings: The benchmark regression results show that improving a company's carbon emission reduction performance leads to better financial performance. Moreover, assuming corporate responsibility for reducing emissions can boost companies' reputations and foster better relationships with stakeholders. The trustworthiness of the standard regression outcome is validated through alternative independent variables, reducing time frames, and incorporating previously omitted factors. The results of heterogeneity analyses show that reducing carbon emissions has the same effect on financial performance across all regional characteristics and equity subgroups. Furthermore, the internal transmission mechanism analysis reveals that female leadership positively moderates the effect, while financing constraints negatively moderate the relationship between carbon emission reduction performance and financial performance. Conclusion: Under the national green development strategy of achieving carbon neutrality and carbon peaking, the carbon information disclosure system should be improved by the government; enterprises should implement innovative methods for low-carbon economic management and operation; and regulators should establish effective green regulations, incentives, and constraints. This paper offers a comprehensive guide for energy companies and their stakeholders to reduce carbon emissions, thereby achieving sustainability.

show abstract

Section: Conclusion and Recommendationsmentioning

confidence: 97%

The impact mechanism of carbon emission reduction performance on financial performance based on carbon neutral targets: Evidence from Chinese energy enterprises

Sokolov,

Jiang,

Ding

2024

Nurture

View full text Add to dashboard Cite

show abstract

“…Horizontal CO 2 compensation can help to coordinate regional environmental protection measures and achieve 'carbon neutrality' [33]. CO 2 compensation studies can be traced back to the 1950s, when the U.S., France, Mexico, and Costa Rica explored 'ecological compensation' as a method of environmental management.…”

Section: Literature Review and Study Frameworkmentioning

confidence: 99%

Horizontal CO2 Compensation in the Yangtze River Delta Based on CO2 Footprints and CO2 Emissions Efficiency

Wang

Zhang

Zhao

et al. 2023

IJERPH

View full text Add to dashboard Cite

Purpose: In this study, we attempted to reduce the negative economic externalities related to Carbon Dioxide (CO2) emissions in the Yangtze River Delta region (YRD) and designed a cross-municipality responsibility-sharing mechanism. Methods: We estimated the municipal CO2 footprints in the YRD from 2000 to 2019 based on nighttime light data and measured CO2 emissions efficiency using a super slack-based measurement (super-SBM) model. Based on this, we designed a scenario of horizontal CO2 compensation among the YRD’s municipalities from the perspectives of both CO2 footprints and CO2 trading (CO2 unit prices in trading were determined based on CO2 emissions efficiency). Results: The results showed the following: (1) The CO2 footprints evolution of the YRD municipalities could be divided into four categories, among which, eleven municipalities showed a decreasing trend. Thirteen municipalities stabilized their CO2 footprints. Thirteen municipalities exhibited strong growth in their CO2 footprints, whereas four municipalities maintained a low level of slow growth. (2) Spatially, CO2 emissions efficiency evolved from a broad distribution of low values to a mosaic distribution of multi-type zones. (3) After 2011, the ratio of CO2 footprint compensation amounts to local Gross Domestic Product (GDP) in most municipalities was less than 0.01%, with its center of gravity shifting cyclically. It was appropriate to start charging the CO2 footprint compensation amounts after 2011, with a dynamic adjustment of 3 years. (4) After 2007, the supply–demand relationship of CO2 trading continued to deteriorate, and it eased in 2016. However, its operational mechanism was still very fragile and highly dependent on a few pioneering municipalities. Innovations: In this study, we designed a horizontal CO2 compensation mechanism from the binary perspective of CO2 footprints and CO2 trading. In this mechanism, the former determines the CO2 footprint compensation amounts paid by each municipality based on whether the CO2 footprint exceeds its CO2 allowance. The latter determines the CO2 trading compensation amounts paid by the purchasing municipalities based on their CO2 emissions efficiency. This system balances equity and efficiency and provides new ideas for horizontal CO2 compensation.

show abstract

“…Paunu et al [12] explored the representation of residential wood combustion (RWC) emissions in national inventories and compared them with local assessments in the Nordic countries. In China, local-level studies have been less common, with most research conducted in economically developed regions with comprehensive data, such as the Beijing-Tianjin-Hebei region [3], the Yangtze River Delta region [13], and the Pearl River Delta region [14]. In terms of emission sources, the primary focus of research has been concentrated on areas such as power plants [15], industries [16], roadways [17], and households [18].…”

Section: Introductionmentioning

confidence: 99%

Unveiling the Spatial-Temporal Characteristics and Driving Factors of Greenhouse Gases and Atmospheric Pollutants Emissions of Energy Consumption in Shandong Province, China

He,

Jiang,

Gao

et al. 2024

Sustainability

View full text Add to dashboard Cite

As the largest energy-consuming province in China, Shandong faces the dual task of greenhouse gas (GHG) reduction and atmospheric pollution control. Based on the latest activity data and updated emission factors, this study establishes a high-resolution emission inventory (5 km × 5 km) for GHGs and main atmospheric pollutants from the energy consumption sectors of Shandong Province from 2010 to 2021, quantifies the relationship between social economic factors and GHGs and atmospheric pollutants emissions using the expanded stochastic environmental impact assessment (STIRPAT) model, and forecasts the future emission trend with the help of the scenario analysis method. Results indicate that the electricity and transportation sectors are the main contributors to all pollutants. Spatially, the high value of pollutants is mainly concentrated in the urban agglomerations of central and eastern Shandong. Up to 72% of GHGs and 50% of air pollution emissions are attributed to the top 10% of emission grids. Emission peaks occur mainly in summer and winter due to straw burning, increased utilization of temperature-controlled facilities, and expansion of plant capacity. Population, energy consumption, the proportion of secondary industry, and energy consumption intensity are the most significant influencing factors for pollutant emissions. Scenario analysis results indicate Shandong province can reach its carbon peak in 2027 without sacrificing population growth or economic progress.

show abstract

Cost-benefit allocation of collaborative carbon emissions reduction considering fairness concerns—A case study of the Yangtze River Delta, China

Cited by 10 publications

References 23 publications

The impact mechanism of carbon emission reduction performance on financial performance based on carbon neutral targets: Evidence from Chinese energy enterprises

The impact mechanism of carbon emission reduction performance on financial performance based on carbon neutral targets: Evidence from Chinese energy enterprises

Horizontal CO2 Compensation in the Yangtze River Delta Based on CO2 Footprints and CO2 Emissions Efficiency

Unveiling the Spatial-Temporal Characteristics and Driving Factors of Greenhouse Gases and Atmospheric Pollutants Emissions of Energy Consumption in Shandong Province, China

Contact Info

Product

Resources

About