Third-party environmental information disclosure and firms' carbon emissions

Shenggang Ren, Yanping Wu, Li Zhao and Lei Du

Energy Economics, 2024, vol. 131, issue C

Abstract: Third-party environmental information disclosure (TPEID) is an important environmental management tool that promotes public participation and strengthens social supervision, but whether it can affect carbon emission abatement is a question worth exploring. Using China's Pollution Information Transparency Index (PITI) project as a quasi-natural experiment, we provide a comprehensive assessment of the effects of TPEID on firms' carbon emissions via a difference-in-differences (DID) approach. We present unambiguous evidence that TPEID is effective in reducing firms' carbon emissions. The impact channel analysis shows that firms achieve carbon emission abatement mainly by adjusting their energy structures and improving energy efficiency. Further analysis shows that TPEID has a more significant effect on reducing firms' carbon emissions in regions featuring higher levels of public environmental concern, governmental environmental regulation, and internet development. In addition, TPEID significantly improves firms' output, achieving a “win-win” situation for environmental and economic performance.

Keywords: PITI; Environmental information disclosure; Carbon emission; Difference-in-differences model (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:131:y:2024:i:c:s0140988324000586

DOI: 10.1016/j.eneco.2024.107350

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