Implications of global carbon governance for corporate carbon emissions reduction

Global warming not only affects biodiversity, but also threatens human health and wellbeing. As the main source of greenhouse gas emissions, enterprises play a critical role in carbon emissions reduction. However, only a small number of enterprises have disclosed their ``low-carbon transition roadma...

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Main Authors: Wang, Yunjing, Yao, Guiying, Zuo, Ying, Wu, Qichun
Format: Article
Published: Frontiers Media SA 2023
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Online Access:http://eprints.um.edu.my/38814/
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spelling my.um.eprints.388142023-11-30T08:37:23Z http://eprints.um.edu.my/38814/ Implications of global carbon governance for corporate carbon emissions reduction Wang, Yunjing Yao, Guiying Zuo, Ying Wu, Qichun GE Environmental Sciences Global warming not only affects biodiversity, but also threatens human health and wellbeing. As the main source of greenhouse gas emissions, enterprises play a critical role in carbon emissions reduction. However, only a small number of enterprises have disclosed their ``low-carbon transition roadmap ``, primarily due to the lack of immediate payoffs of green investment, which is disadvantageous to achieve net-zero emissions. First, through case analysis of carbon governance in typical countries around the world, we identify effective emissions reduction measures that firms can learn from. Next, this paper summarizes the multi-dimensional impact framework of corporate carbon emissions reduction. Last, we propose a carbon emissions reduction roadmap for companies from four aspects: companies should 1) actively engage in the carbon emissions trading system, 2) increase the application of green technology, 3) enhance corporate governance structure, and 4) ensure sufficient cash flow for low-carbon transition. This study contributes to the framework of corporate sustainable transition, providing practical references for balancing corporate environmental footprint and value growth. Frontiers Media SA 2023-01-16 Article PeerReviewed Wang, Yunjing and Yao, Guiying and Zuo, Ying and Wu, Qichun (2023) Implications of global carbon governance for corporate carbon emissions reduction. Frontiers In Environmental Science, 11. ISSN 2296-665X, DOI https://doi.org/10.3389/fenvs.2023.1071658 <https://doi.org/10.3389/fenvs.2023.1071658>. 10.3389/fenvs.2023.1071658
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic GE Environmental Sciences
spellingShingle GE Environmental Sciences
Wang, Yunjing
Yao, Guiying
Zuo, Ying
Wu, Qichun
Implications of global carbon governance for corporate carbon emissions reduction
description Global warming not only affects biodiversity, but also threatens human health and wellbeing. As the main source of greenhouse gas emissions, enterprises play a critical role in carbon emissions reduction. However, only a small number of enterprises have disclosed their ``low-carbon transition roadmap ``, primarily due to the lack of immediate payoffs of green investment, which is disadvantageous to achieve net-zero emissions. First, through case analysis of carbon governance in typical countries around the world, we identify effective emissions reduction measures that firms can learn from. Next, this paper summarizes the multi-dimensional impact framework of corporate carbon emissions reduction. Last, we propose a carbon emissions reduction roadmap for companies from four aspects: companies should 1) actively engage in the carbon emissions trading system, 2) increase the application of green technology, 3) enhance corporate governance structure, and 4) ensure sufficient cash flow for low-carbon transition. This study contributes to the framework of corporate sustainable transition, providing practical references for balancing corporate environmental footprint and value growth.
format Article
author Wang, Yunjing
Yao, Guiying
Zuo, Ying
Wu, Qichun
author_facet Wang, Yunjing
Yao, Guiying
Zuo, Ying
Wu, Qichun
author_sort Wang, Yunjing
title Implications of global carbon governance for corporate carbon emissions reduction
title_short Implications of global carbon governance for corporate carbon emissions reduction
title_full Implications of global carbon governance for corporate carbon emissions reduction
title_fullStr Implications of global carbon governance for corporate carbon emissions reduction
title_full_unstemmed Implications of global carbon governance for corporate carbon emissions reduction
title_sort implications of global carbon governance for corporate carbon emissions reduction
publisher Frontiers Media SA
publishDate 2023
url http://eprints.um.edu.my/38814/
_version_ 1784511852839960576
score 13.211869