 The impact of corporate climate risk on carbon intensity: Evidence from ChinaYing Yan, Tao Lin and Heng Ma Energy, 2025, vol. 334, issue C Abstract: Climate change and carbon reduction are among the most pressing issues on the international agenda. This paper explores the nexus between climate risk and carbon intensity within a comprehensive framework. We use textual analysis to assess firm-level climate risk, and investigate its influence on the carbon intensity of China's A-share listed companies from 2008 to 2022. The findings reveal that an increase in firm-level climate risk is associated with a decrease in carbon intensity. Confronted with intensifying climate risk, companies are proactively bolstering their green technology innovation, which contributes to the reduction of carbon intensity. Furthermore, significant variations are observed across different firms, industries, and regions. The mitigating effect of climate risk on carbon intensity is particularly pronounced among firms with a long-term strategic outlook, those in less-polluting sectors, and those located in the eastern and central regions of China. This study offers policy implications for the global pursuit of effective climate risk management and the achievement of carbon neutrality objectives. Keywords: Climate risk; Carbon intensity; Green technology; Innovation capacity; Text analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:334:y:2025:i:c:s0360544225031743 DOI: 10.1016/j.energy.2025.137532 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
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