Does ESG investment reduce carbon emissions in China?

被引:22
作者
Cong, Yingnan [1 ]
Zhu, Chen [1 ]
Hou, Yufei [1 ]
Tian, Shuairu [2 ]
Cai, Xiaojing [3 ,4 ]
机构
[1] China Univ Polit Sci & Law, Business Sch, Beijing, Peoples R China
[2] Shanghai Business Sch, Res Ctr Finance, Shanghai, Peoples R China
[3] Okayama Univ, Grad Sch Humanities & Social Sci, Okayama, Japan
[4] Kobe Univ, Grad Sch Econ, Kobe, Japan
关键词
ESG investment; carbon emission; carbon productivity; regional effect; green transition;
D O I
10.3389/fenvs.2022.977049
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
This study explores the relationship between ESG investments and carbon emissions in China. Our results show that 1% increase in environmental investments would cause 0.246% decrease in CO2 emissions and 0.558% decrease in carbon emission intensity. The impact of ESG investment is heterogeneous across the developed and underdeveloped regions. Environmental investments in the advanced eastern region have significantly improved carbon productivity. In contrast, environmental investments in the central and western regions significantly reduced carbon emissions, but they have little impact on carbon productivity.
引用
收藏
页数:9
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