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

Lulu Chang and Senhui Fang

Finance Research Letters, 2025, vol. 72, issue C

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.

Keywords: Low-carbon policy intensity; Carbon emissions; Corporate sustainable transformation strategy; Formal carbon regulations (search for similar items in EconPapers)
JEL-codes: D21 P28 Q58 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324015411

DOI: 10.1016/j.frl.2024.106512

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