RETRACTED ARTICLE: Policies to obtain energy transformation target: evidence from emission accounting impacts

Zhaojun Qu (), Fei Sun () and Qitao Wu ()
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Zhaojun Qu: Tangshan University
Fei Sun: Tangshan University
Qitao Wu: Silla University

Economic Change and Restructuring, 2024, vol. 57, issue 2, No 40, 16 pages

Abstract: Abstract This paper focuses on assessing the significant impact of emission accounting on the energy transformation efforts of 100 leading publicly listed companies in China from 2015 to 2021. Employing the CUP-FM technique, the results indicate that a 1% increase in carbon emissions correlates with approximately a 0.17% rise in fossil fuel consumption. Additionally, a 1% increase in resources allocated to green tax initiatives is associated with roughly a 0.35% reduction in fossil fuel expenditure. The study also reveals a noteworthy correlation between ICT investments and fossil fuel expenditure. The key recommendations emerging from this research include implementing green training programs for the workforce, establishing a robust green corporate management system, and standardizing the financial reporting of sustainable activities.

Keywords: Energy transformation; Emission accounting; Fossil fuel expenditure; Chinese listed companies (search for similar items in EconPapers)
JEL-codes: C33 E21 M41 N71 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10644-024-09633-w

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