Policy uncertainty and carbon neutrality: Evidence from China

Zeng, Qing; Ma, Feng; Lu, Xinjie; Xu, Weiju

doi:10.1016/j.frl.2022.102771

Cited by 49 publications

(12 citation statements)

References 26 publications

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“…How to improve corporate green innovation in a complex and uncertain external environment is very important. However, the current economic effects of climate policy uncertainty mainly focus on the macroeconomic effects, including world renewable energy index volatility forecasting (Liang et al, 2022), wind carbon neutral concept index volatility (Zeng et al, 2022), the equity market volatility (EMV) of the oil market (Ameen & Afȿar, 2022), carbon price (Yan & Cheung, 2022), tourism demand (Apergis et al, 2022), extreme risk spillovers across energy markets (Liu et al, 2023), and so on. In terms of the impact of climate policy uncertainty on microeconomic effects, the existing studies mainly focus on firms' use of trade credit (Islam & Wheatley, 2021), firm value (Azimli, 2022), firm-level total factor productivity (Ren et al, 2022), bank risks (Dai & Zhang, 2023), enterprise inventory management (He et al, 2023), working capital (Ahmad et al, 2023), and so on.…”

Section: Introductionmentioning

confidence: 99%

Climate policy uncertainty and corporate green innovation performance: From the perspectives of organizational inertia and management internal characteristics

Huo

Liu

2023

Manage Decis Econ

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The impact of policy uncertainty caused by climate change has attracted widespread attention, but there are few studies on the relationship between climate policy uncertainty and corporate green innovation performance. This paper uses a sample of the A‐share listed companies in Shanghai and Shenzhen from 2007 to 2020 to explore the impact of climate policy uncertainty on corporate green innovation performance. And this paper also studies the moderating effect of organizational inertia and the joint moderating effects of managerial openness and organizational inertia, as well as managerial risk‐taking propensity and organizational inertia. The results show that climate policy uncertainty positively affects corporate green innovation performance. And organizational inertia can positively moderate the impact of climate policy uncertainty on corporate green innovation performance. Besides, managerial openness and organizational inertia, as well as managerial risk‐taking propensity and organizational inertia, jointly moderate the impact of climate policy uncertainty on corporate green innovation performance. When both managerial openness and organizational inertia are higher, the positive impact of climate policy uncertainty on corporate green innovation performance is the strongest. When both managerial risk‐taking propensity and organizational inertia are lower, the positive impact of climate policy uncertainty on corporate green innovation performance is the weakest.

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Section: Introductionmentioning

confidence: 99%

Climate policy uncertainty and corporate green innovation performance: From the perspectives of organizational inertia and management internal characteristics

Huo

Liu

2023

Manage Decis Econ

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“…Moreover, Peng et al [12] examined the moderating effect of renewable energy consumption on the relationship between economic uncertainty and carbon dioxide emissions, underscoring the significance of renewable energy development in mitigating the environmental consequences of economic uncertainty. Additionally, Zeng et al [13] probed the role of economic policy uncertainty in shaping carbon dioxide emissions, highlighting its profound influence and emphasizing the need for policy stability and coherence to foster environmental sustainability. Additionally, Zhu et al [14] explored the impact of economic uncertainty on environmental pollution, revealing detrimental effects on air quality and reinforcing the urgent need for proactive measures to address this pressing issue.…”

Section: Literature Reviewmentioning

confidence: 99%

Exploring the Synergistic Effects of Digitalization and Economic Uncertainty on Environmental Sustainability: An Investigation from China

Teng

Qiao

2023

Sustainability

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This study delves into the intricate interplay between digitization, economic uncertainty, and environmental sustainability, aiming to shed light on their multifaceted roles. Using an approach, the analysis spans 28 Chinese provinces over the period from 2000 to 2020, employing linear and nonlinear autoregressive distributed lag techniques to unveil symmetric and asymmetric impacts. The findings reveal the urgent need to address the challenges posed by economic uncertainty for effective environmental sustainability. Notably, a negative association between digitization and carbon dioxide emissions is identified, emphasizing its transformative potential in driving energy efficiency and sustainable practices. Furthermore, the study elucidates the detrimental influence of industrial structure on carbon dioxide emissions, highlighting the importance of balancing economic growth and environmental sustainability. The positive influence of urbanization on carbon dioxide emissions underscores the complexities of achieving sustainable development amidst rapid urbanization. By providing a comprehensive understanding of these dimensions, this study contributes to the scholarly discourse and aids in formulating evidence-based strategies for a greener and more sustainable future. The insights gained from this research can guide policymakers and stakeholders in navigating the complex dynamics between digitization, economic uncertainty, and environmental sustainability, fostering a more sustainable and resilient world.

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“…Carbon neutrality refers to the state where the amount of carbon dioxide emissions produced directly or indirectly by a country, company, or individual over a specific period is offset by the utilization of new energy sources, energy-saving measures, and emission reduction efforts [5], resulting in a relative "zero emission" state, i.e., a net-zero state of carbon dioxide emissions. Currently, achieving carbon neutrality is not yet a mandatory requirement in society and it heavily relies on the environmental awareness and perceptions of climate change of individuals, corporations, cities and national governments.…”

Section: Introductionmentioning

confidence: 99%

Evolutionary Simulation of Carbon-Neutral Behavior of Urban Citizens in a “Follow–Drive” Perspective

Zhu,

Qian,

Liu

2023

Sustainability

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The implementation of low-carbon behavior by citizens is of the utmost importance in constructing China’s ecological civilization and achieving its dual-carbon objectives. As a result, exploring the formation and recurrence mechanisms of carbon-neutral citizenship behavior may have a positive impact on realizing China’s carbon reduction targets. This study explores a comprehensive analysis method of multi-subject interactive evolution of carbon-neutral citizenship behavior. It expands the connotation of behavioral intervention from individual single execution (citizens actively adhere to carbon-neutral behavior) to multi-driven implementation (citizens inspire other residents to comply with carbon-neutral behavior based on their own adherence). Furthermore, this study constructs a collaborative and interactive “follow–drive” mechanism for carbon-neutral citizenship behavior. Through Python software 3.8 simulation, this study examines the formation and stabilization process of carbon-neutral citizenship behavior under different influencing factors. The research findings are as follows: (1) If the government neglects its duties more severely, it is more inclined to adopt incentive policies, thereby increasing the likelihood that both kinds of the citizens will choose to follow carbon-neutral behavior. This suggests that the proactive introduction of relevant policies and regulations by the government has a positive influence on citizens’ carbon-neutral behavior. (2) With a higher perceived level of psychological–physical bimetric health among citizens, both kinds of the citizens are more inclined to follow and drive carbon-neutral behavior, while the chances of the government selecting incentive policies decrease, and it takes longer to attain final stability (i.e., selecting incentive policies). (3) In situations where there is a greater loss of group norms in the external environment of the citizen group, both kinds of the citizens are more likely to opt for and drive carbon-neutral behavior. This, in turn, reduces the likelihood of the government selecting incentive policies. Finally, based on the research findings, relevant policy recommendations are given.

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Policy uncertainty and carbon neutrality: Evidence from China

Cited by 49 publications

References 26 publications

Climate policy uncertainty and corporate green innovation performance: From the perspectives of organizational inertia and management internal characteristics

Climate policy uncertainty and corporate green innovation performance: From the perspectives of organizational inertia and management internal characteristics

Exploring the Synergistic Effects of Digitalization and Economic Uncertainty on Environmental Sustainability: An Investigation from China

Evolutionary Simulation of Carbon-Neutral Behavior of Urban Citizens in a “Follow–Drive” Perspective

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