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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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 |
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GE Environmental Sciences Wang, Yunjing Yao, Guiying Zuo, Ying Wu, Qichun Implications of global carbon governance for corporate carbon emissions reduction |
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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 |
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Frontiers Media SA |
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2023 |
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http://eprints.um.edu.my/38814/ |
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1784511852839960576 |
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13.211869 |