气候变化领域集成服务门户(CCPortal): Driving toward sustainable cities: The interplay between Chinese emerging corporate ESG performance and climate finance in achieving low-carbon development

CCPortal

DOI	10.1016/j.uclim.2024.101918
	Driving toward sustainable cities: The interplay between Chinese emerging corporate ESG performance and climate finance in achieving low-carbon development
	Liu, Muxin; Xia, Changyou; Lan, Hailin; Gao, Zhihao; Yu, Xiaojie; Wang, Li; Liang, Xi; Wu, Yi
发表日期	2024
ISSN	2212-0955
起始页码	55
卷号	55
英文摘要	Climate finance plays a pivotal role in directing increased capital flow toward climate change mitigation and adaptation activities. Many emerging enterprises have grown rapidly under the influence of climate finance policies, contributing to urban low-carbon transition. Therefore, it is important to explore the interrelationships between climate finance, enterprise low-carbon transformations, and urban carbon emission efficiency. This study delves into the impact of climate finance on urban carbon emission efficiency and its underlying transmission mechanisms, drawing upon comprehensive panel data of 262 Chinese cities and 4125 enterprises from 2009 to 2019. The findings indicate that urban climate finance have significantly positive influences on urban carbon emission efficiency and unveil that enterprise environmental, social and governance (ESG) performance exhibits positive influences on urban carbon emission efficiency, underscoring the critical role of enterprises as the vanguard of climate finance. Moreover, the research presents the mediating effect of enterprise green innovation between the urban climate finance and carbon emission efficiency. The mediating effect manifests distinct threshold effects among different levels of enterprise green innovation. Our results suggest that China should enact tailored climate finance policies for higher urban emission efficiency, including judicious allocation of climate funds and effective guidance on enterprise-driven green technological innovation.
英文关键词	Urban climate finance; Urban carbon emission; ESG; Urban climate mitigation; Green innovation
语种	英语
WOS研究方向	Environmental Sciences & Ecology ; Meteorology & Atmospheric Sciences
WOS类目	Environmental Sciences ; Meteorology & Atmospheric Sciences
WOS记录号	WOS:001235419600001
来源期刊	URBAN CLIMATE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/296272
作者单位	South China University of Technology; University of London; University College London
推荐引用方式 GB/T 7714	Liu, Muxin,Xia, Changyou,Lan, Hailin,et al. Driving toward sustainable cities: The interplay between Chinese emerging corporate ESG performance and climate finance in achieving low-carbon development[J],2024,55.
APA	Liu, Muxin.,Xia, Changyou.,Lan, Hailin.,Gao, Zhihao.,Yu, Xiaojie.,...&Wu, Yi.(2024).Driving toward sustainable cities: The interplay between Chinese emerging corporate ESG performance and climate finance in achieving low-carbon development.URBAN CLIMATE,55.
MLA	Liu, Muxin,et al."Driving toward sustainable cities: The interplay between Chinese emerging corporate ESG performance and climate finance in achieving low-carbon development".URBAN CLIMATE 55(2024).