A1067
Title: Proactive action or wait-and-see: Impacts of climate policy uncertainty on corporate carbon emissions
Authors: Zihuan Yue - University of Macau (China) [presenting]
Abstract: With the intensification of global climate change, promoting the low-carbon transformation of industrial enterprises has become a key path for China to achieve carbon peaking and carbon neutrality goals. Based on data from Chinese listed companies from 2011 to 2022, the study examines the impact of climate policy uncertainty (CPU) on corporate carbon emissions. The results show that enterprises will take the initiative to reduce carbon emissions to avoid potential policy risks in the face of rising uncertainty about future climate policies. CPU has effectively reduced the carbon emission intensity (CEI) of enterprises by promoting urbanization and accelerating the digital transformation of enterprises. The intensity of urban environmental regulation, public environmental concern, and corporate media attention have a positive moderating effect on this effect. The aim is to provide a reference for the government to formulate guiding policies and enterprises to improve their strategic resilience.
