Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 3rd International Conference on Business and Policy Studies
Series Vol. 68 , 05 January 2024
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Access | Article
The Impact of China’s Carbon Market Trading on the Production Cost of Enterprises
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Abstract
The growth of China's carbon market, from its origin to its current size, demonstrates the country's dedication to corporate involvement and carbon reduction. Businesses' operations, risk management, investor relations, innovation culture, and level of global competitiveness are all profoundly impacted by carbon trading. It elevates sustainability from a policy compliance to a long-term success strategic necessity in a climate-focused world. The significant implications of China's carbon market on company behavior are thoroughly examined in this essay, including how they affect production methods, innovation, social responsibility, goal-setting, and future directions. Considering industry differences, profit consequences, and increasing investments in ESG principles, it also analyses their impact on business carbon emissions and financial indicators. In the end, the paper explores the complex connection between carbon emissions and business practices, highlighting the wide-ranging ramifications of China's carbon trading market on enterprise operations and sustainability strategies.
Keywords
Carbon Market Trading, China, Carbon emission
References
1. Hodgson, C., & Sheppard, D. (2023). EU carbon price tops €100 a tonne for first time. Financial Times. https://www.ft.com/content/7a0dd553-fa5b-4a58-81d1-e500f8ce3d2a.
2. B. (2023). Renewable Energy Investment Hits Record-Breaking $358 Billion in 1H 2023 | BloombergNEF. BloombergNEF.
3. Zhu R, Long L, Gong Y. (2022). Emission Trading System, Carbon Market Efficiency, and Corporate Innovations. International Journal of Environmental Research and Public Health.; 19(15): 9683.
4. Yuan, M. (2023). Will regulated firms benefit from carbon emission trading system? Evidence from a Market Power Perspective. Environmental Science and Pollution Research, 1–16.
5. Lin, B., & Jia, Z. (2020). Does the different sectoral coverage matter? An analysis of China’s carbon trading market. Energy Policy, 137.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-267-1
- ISBN (Online)
- 978-1-83558-268-8
- Published Date
- 05 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/68/20241368
- Copyright
- 05 January 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited