Research on corporate innovation level and corporate environmental governance degree
Click the Poster to View Full Screen, Right click to save image
Yuanyuan Xu
College:
College of Business and Public Management
Major:
Accounting
Faculty Research Advisor(s):
Huaibing Yu
Abstract:
The concept of a "dual carbon" goal, encompassing both carbon neutrality and peak carbon dioxide emissions, has emerged as a pivotal element in the global agenda against climate change. In this context, the introduction of carbon trading taxes stands as a significant mechanism aimed at reducing greenhouse gas emissions. This policy instrument, by attributing a tangible cost to carbon emissions, compels businesses to confront the environmental impact of their operations directly. As companies globally navigate towards a more sustainable future, the implications of carbon trading taxes on their long-term performance become a critical area of exploration.
The effectiveness of carbon trading systems in various economic sectors, especially in high-emission industries, has sparked considerable debate. While these systems are designed to incentivize reductions in carbon emissions, their impact on the financial and operational aspects of companies is complex and multifaceted. For firms, the costs associated with purchasing carbon credits or paying carbon taxes can lead to significant changes in their financial structuring, investment strategies, and even their overall business models.
Furthermore, this shift towards carbon accountability is not only a financial challenge but also an opportunity for innovation and transformation. Companies are increasingly required to integrate sustainable practices, develop green technologies, and rethink their approach to resource utilization. The long-term performance of companies in the era of dual carbon goals is thus a reflective mirror of their adaptability, innovation, and resilience in the face of evolving environmental policies and market demands. This research will delve into the multifarious impacts of carbon trading taxes on companies, unraveling how this mechanism influences corporate strategies, financial health, and competitive positioning in a rapidly changing global environment.