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Bringing carbon emission reduction to fruition: Insights from city’s low-carbon policy intensity

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  • Chang, Lulu
  • Fang, Senhui

Abstract

This study exploits new quantitative data to investigate the reduction effect of the city’s low-carbon policy intensity on corporate carbon emissions, revealing the pivotal role of formal carbon regulations. Potential mechanisms are explored from corporate sustainable transformation strategies, and some heterogeneity is presented.

Suggested Citation

  • Chang, Lulu & Fang, Senhui, 2025. "Bringing carbon emission reduction to fruition: Insights from city’s low-carbon policy intensity," Finance Research Letters, Elsevier, vol. 72(C).
    • Handle: RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324015411
    DOI: 10.1016/j.frl.2024.106512
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    More about this item

    Keywords

    Low-carbon policy intensity; Carbon emissions; Corporate sustainable transformation strategy; Formal carbon regulations;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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