气候变化领域集成服务门户(CCPortal): Carbon neutrality commitment for China: from vision to action

CCPortal

DOI	10.1007/s11625-022-01094-2
	Carbon neutrality commitment for China: from vision to action
	Dong, Hanmin; Liu, Yishuang; Zhao, Zhihui; Tan, Xiujie; Managi, Shunsuke
发表日期	2022
ISSN	1862-4065
EISSN	1862-4057
起始页码	1741
结束页码	1755
卷号	17 期号:5
英文摘要	China's newly announced carbon neutrality goal manifests its determination to advance green and low-carbon development. The country aims to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. Consequently, guidelines and action plans have been actively deployed and issued. The carbon neutrality commitment (vision) and its detailed deployment (action) would contribute to climate change mitigation and corporate market value. Therefore, we categorize the carbon neutrality-related events and analyze their impacts on the stock market from July 2020 to March 2021. The main findings are as follows: (1) The action event have increased the carbon neutrality-related stocks by 0.04%, while that of the vision event is - 0.003%, indicating that investors' confidence increases when the carbon neutrality commitment is accompanied by specific and detailed guidelines. (2) The impact of carbon neutrality announcement becomes more positive and significant after related events occur repeatedly. (3) Carbon neutrality-related power industry and state-owned enterprises are potential beneficiaries of this decarbonization goal. Our study supplements the literature on climate policy and its economic value, potentially contributing to the next stage of global decarbonization.
英文关键词	Climate change; Carbon neutrality; Carbon neutrality-related companies; Capital market; Market value
语种	英语
WOS研究方向	Green & Sustainable Science & Technology ; Environmental Sciences
WOS类目	Science Citation Index Expanded (SCI-EXPANDED)
WOS记录号	WOS:000749117700003
来源期刊	SUSTAINABILITY SCIENCE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/280552
作者单位	Huazhong University of Science & Technology; City University of Hong Kong; Wuhan University; Wuhan University; Wuhan University; Kyushu University; Kyushu University
推荐引用方式 GB/T 7714	Dong, Hanmin,Liu, Yishuang,Zhao, Zhihui,et al. Carbon neutrality commitment for China: from vision to action[J],2022,17(5).
APA	Dong, Hanmin,Liu, Yishuang,Zhao, Zhihui,Tan, Xiujie,&Managi, Shunsuke.(2022).Carbon neutrality commitment for China: from vision to action.SUSTAINABILITY SCIENCE,17(5).
MLA	Dong, Hanmin,et al."Carbon neutrality commitment for China: from vision to action".SUSTAINABILITY SCIENCE 17.5(2022).